Social classes, growth and primitive accumulation : some marxian views in a neoclasssical framework
AbstractWe show, in contrast with Stiglitz, that an inegalitarian long run equi- librium can emerge in a Solow growth model framework, with linear consumption function. We then interpret this result in line with marxian economics. We extend the results by incorporating some features of the Pasinetti-Samuelson-Modigliani model, and provide an example of possible microfoundations.
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Bibliographic InfoPaper provided by Paris Dauphine University in its series Economics Papers from University Paris Dauphine with number 123456789/4093.
Date of creation: Jan 2005
Date of revision:
Publication status: Published in Cahiers de recherche / EURISCO, 2005
Growth; Wealth inequalities; Primitive accumulation;
Find related papers by JEL classification:
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
- B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Stiglitz, Joseph E, 1969.
"Distribution of Income and Wealth among Individuals,"
Econometrica, Econometric Society,
Econometric Society, vol. 37(3), pages 382-97, July.
- Joseph E. Stiglitz, 1967. "Distribution of Income and Wealth Among Individuals," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University 238, Cowles Foundation for Research in Economics, Yale University.
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