Please use this identifier to cite or link to this item: http://hdl.handle.net/10261/1866
Share/Export:
logo share SHARE BASE
Visualizar otros formatos: MARC | Dublin Core | RDF | ORE | MODS | METS | DIDL | DATACITE
Title

A Foundation Model for Marxian Breakdown Theories Based on a New Falling Rate of Profit Mechanism

AuthorsPetith, Howard
KeywordsMarx, Karl
Breakdown
Falling Rate of Profit
Issue Date1-Mar-2002
SeriesUFAE and IAE Working Papers
516.02
AbstractThe paper presents a foundation model for Marxian theories of the breakdown of capitalism based on a new falling rate of profit mechanism. All of these theories are based on one or more of "the historical tendencies": a rising capital-wage bill ratio, a rising capitalist share and a falling rate of profit. The model is a foundation in the sense that it generates these tendencies in the context of a model with a constant subsistence wage. The newly discovered generating mechanism is based on neo-classical reasoning for a model with land. It is non-Ricardian in that land augmenting technical progress can be unboundedly rapid. Finally, since the model has no steady state, it is necessary to use a new technique, Chaplygin's method, to prove the result.
URIhttp://hdl.handle.net/10261/1866
Appears in Collections:(IAE) Informes y documentos de trabajo




Files in This Item:
File Description SizeFormat
51602.pdf70,16 kBAdobe PDFThumbnail
View/Open
Show full item record
Review this work

Page view(s)

278
checked on May 27, 2022

Download(s)

197
checked on May 27, 2022

Google ScholarTM

Check


WARNING: Items in Digital.CSIC are protected by copyright, with all rights reserved, unless otherwise indicated.