Social classes, growth and primitive accumulation : some marxian views in a neoclasssical framework
We 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.
|Date of creation:||Jan 2005|
|Date of revision:|
|Publication status:||Published in Cahiers de recherche / EURISCO, 2005|
|Contact details of provider:|| Web page: http://www.dauphine.fr/en/welcome.html|
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- Stiglitz, Joseph E, 1969.
"Distribution of Income and Wealth among Individuals,"
Econometric Society, vol. 37(3), pages 382-97, July.
- Joseph E. Stiglitz, 1967. "Distribution of Income and Wealth Among Individuals," Cowles Foundation Discussion Papers 238, Cowles Foundation for Research in Economics, Yale University.
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