EDUCATION, GROWTH AND DISTRIBUTION: CLASSICAL-MARXIAN ECONOMIC THOUGHT AND A SIMPLE MODEL

This paper examines the interaction between education, growth and distribution from a classical-Marxian perspective. It first briefly examines classical-Marxian ideas on the relation between education and growth and income distribution. Drawing on these ideas to the extent that they are relevant for contemporary capitalist economies, it then develops a simple dynamic model of growth and distribution to analyze the effects of the spread of education on profitability, accumulation, distribution and growth.