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Primitive Accumulation, Growth and the Genesis of Social Classes


  • Jean-François Jacques
  • Antoine Rebeyrol


Unlike Stiglitz, we show that an inegalitarian long run equilibrium can emerge in a Solow growth model framework, assuming a linear consumption function. We then interpret this result in line with Marxian economics, showing that this dynamic framework is consistent with Roemer's idea of endogenous class stratification. We extend this calculation by incorporating some features of the Pasinetti-Samuelson-Modigliani model, and provide an example of possible microfoundations.

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  • Jean-François Jacques & Antoine Rebeyrol, 2007. "Primitive Accumulation, Growth and the Genesis of Social Classes," EconomiX Working Papers 2007-10, University of Paris Nanterre, EconomiX.
  • Handle: RePEc:drm:wpaper:2007-10

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    References listed on IDEAS

    1. Buda, Rodolphe, 1999. "Quantitative Economic Modeling vs Methodological Individualism ?," MPRA Paper 4004, University Library of Munich, Germany.
    2. Leigh Tesfatsion, 2002. "Agent-Based Computational Economics," Computational Economics 0203001, EconWPA, revised 15 Aug 2002.
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    Cited by:

    1. Jean Cartelier, 2014. "Entrepreneurs and wage-earners: a monetary approach," Working Papers hal-01285287, HAL.

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    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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