A marxian model of the breakdown of capitalism


Autoria(s): Petith, Howard C.
Contribuinte(s)

Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica

Institut d'Anàlisi Econòmica

Data(s)

09/05/2006

Resumo

This paper sets out a Marxian model that is based on the one by Stephen Marglin with one sector and continuous substitution. It is extended by adding technical progress and land as a factor of production. It is then shown that capital accumulation causes the preconditions for the breakdown of capitalism to emerge; that is, it causes the organic composition of capital to rise, the rate of profit to fall and the rate of exploitation to rise. A compressed history of the idea of the breakdown of capitalism is then set out and an explanation is given as to how the model relates to this and how it may serve as the basis for further research.

Formato

32

98650 bytes

application/pdf

Identificador

http://hdl.handle.net/2072/1964

Idioma(s)

eng

Relação

Working papers; 484.01

Direitos

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Palavras-Chave #Economia marxista -- Models economètrics #Capitalisme -- Models matemàtics
Tipo

info:eu-repo/semantics/workingPaper