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Marx-biased technical change 1 fossil production function 1 wage-profit rate schedule 1
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Ferretti, Fabrizio 1
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International Review of Applied Economics 1
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Patterns of technical change: a geometrical analysis using the wage-profit rate schedule
Ferretti, Fabrizio - In: International Review of Applied Economics 22 (2008) 5, pp. 565-583
In this paper we examine some basic stylized facts of economic growth according to the modern restatement of the classical theory of income distribution. In particular, we make use of a wage-profit frontier in order to explore the patterns of technical change experienced by a set of 18...
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