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Poder, intensidad del trabajo y crisis en un modelo marxista de ciclos endógenos

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  • Cajas Guijarro, John

    (Universidad Central del Ecuador)

Abstract

This paper reinterprets some intuitions from Marx by using a model of endogenous cycles in three dimensions: employment rate, wage share, and labor intensity (this last variable has not received enough attention in the Marxian literature of cyclical models). The paper presents an analytical demonstration (using the Hopf bifurcation theorem) and numerical simulations for the existence of stable cycles in the model if the mechanization rate is sufficiently high and the bargaining power of the working class to increase wages is lower than a given threshold. In contrast, the model is unstable when the bargaining power of the working class is too high; a result that motivates the discussion of the notion of structural economic crises (which differ from the periodic economic crises that emerge in the context of capitalist cycles). The paper concludes with a summary of results and suggestions for future research.

Suggested Citation

  • Cajas Guijarro, John, 2023. "Poder, intensidad del trabajo y crisis en un modelo marxista de ciclos endógenos," El Trimestre Económico, Fondo de Cultura Económica, vol. 90(358), pages 365-407, abril-jun.
    • Handle: RePEc:elt:journl:v:90:y:2023:i:358:p:365-407
    DOI: https://doi.org/10.20430/ete.v90i358.1574
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    Cited by:

    1. Cajas Guijarro, John, 2023. "An Extended Goodwin Model with Endogenous Technical Change: Theory and Simulation for the US Economy (1960-2019)," MPRA Paper 118878, University Library of Munich, Germany.

    More about this item

    Keywords

    Labor intensity; bargaining power; endogenous cycles; economic crisis; Hopf bifurcation.;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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