Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1866
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dc.creatorPetith, Howard-
dc.date2007-11-06T08:11:05Z-
dc.date2007-11-06T08:11:05Z-
dc.date2002-03-01-
dc.date.accessioned2017-01-31T00:58:03Z-
dc.date.available2017-01-31T00:58:03Z-
dc.identifierhttp://hdl.handle.net/10261/1866-
dc.identifier.urihttp://dspace.mediu.edu.my:8181/xmlui/handle/10261/1866-
dc.descriptionThe 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.-
dc.languageeng-
dc.relationUFAE and IAE Working Papers-
dc.relation516.02-
dc.rightsopenAccess-
dc.subjectMarx, Karl-
dc.subjectBreakdown-
dc.subjectFalling Rate of Profit-
dc.titleA Foundation Model for Marxian Breakdown Theories Based on a New Falling Rate of Profit Mechanism-
dc.typeDocumento de trabajo-
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