We build a bisector reproduction model with Classical features in which the capitalists aim at maximizing accumulation. At variance with gravitation models, it is assumed that they invest their profits in their own industry. Their plans are based on actual productions and expected prices....

In the numerical examples used by Marx to study the reproduction of social capital, the economy reaches a steady growth path in only two periods. This surprising outcome has been interpreted by Marx’s readers as a property of a model which excludes any sort of economic crisis. This paper shows...

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...

We build a bisector reproduction model with classical features in which the capitalists aim at maximizing accumulation of their profits. At variance with gravitation models, it is assumed that they invest their profits in their own industry. Their plans are based on actual productions and...

Dans les exemples numériques que Marx utilise pour étudier la reproduction du capital social, l‟économie atteint, dès la seconde période, un régime de croissance régulière. Ce résultat a surpris les lecteurs de Marx qui l‟ont interprété comme la propriété d‟un modèle qui...

Marx étudie la reproduction élargie du capital social à l'aide d'exemples numériques. Ses schémas décrivent la reproduction de flux monétaires. Seuls sont connus les produits des quantités par les valeurs unitaires : valeurs du produit brut, de la masse salariale et du capital constant...

We consider a bisector reproduction model in which money is introduced as a pure means of exchange issued by a bank at the producers' requests. Each capitalist aims at maximising accumulation in his own sector. Their plans are based on available quantities and expected prices. Effective prices...