| dc.creator |
Petith, Howard |
|
| dc.date |
2007-11-06T08:44:25Z |
|
| dc.date |
2007-11-06T08:44:25Z |
|
| dc.date |
2002-07-15 |
|
| dc.date.accessioned |
2017-01-31T00:58:04Z |
|
| dc.date.available |
2017-01-31T00:58:04Z |
|
| dc.identifier |
http://hdl.handle.net/10261/1879 |
|
| dc.identifier.uri |
http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1879 |
|
| dc.description |
Revised Version of UFAE and IAE Working Papers nr. 516.02 (March 2002), URI: http://hdl.handle.net/10261/1866. |
|
| dc.description |
Abstract: The 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.description |
Peer reviewed |
|
| dc.language |
eng |
|
| dc.relation |
UFAE and IAE Working Papers |
|
| dc.relation |
524.02 |
|
| dc.rights |
openAccess |
|
| dc.subject |
Marx, Karl |
|
| dc.subject |
Falling Rate of Profit |
|
| dc.subject |
Breakdown of Capitalism |
|
| dc.title |
A foundation Model for Marxian Breakdown Theories Based on a New Falling Rate of Profit Mechanism [Revised Version] |
|
| dc.type |
Documento de trabajo |
|