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.

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Year of publication:	2005-01
Authors:	Jacques, Jean-François ; Rebeyrol, Antoine
Institutions:	Université Paris-Dauphine (Paris IX)
Subject:	Growth \| Wealth inequalities \| Primitive accumulation

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Extent:	application/pdf
Series:	Economics Papers from University Paris Dauphine.
Type of publication:	Book / Working Paper
Notes:	Published in Cahiers de recherche / EURISCO, 2005
Classification:	O40 - Economic Growth and Aggregate Productivity. General ; E25 - Aggregate Factor Income Distribution ; B50 - Current Heterodox Approaches. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010706382