Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/184765 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
Working Paper No. 814
Verlag: 
Queen Mary University of London, School of Economics and Finance, London
Zusammenfassung: 
This paper provides a formal dynamic analysis of exploitation, class inequalities and profits. A stylised model of a capitalist economy with two classes - workers and capitalists - is considered which extends Roemer [21, 22]. First, a dynamic generalisation of a key Marxian insight is provided by proving that the profitability of capitalist production is synonimous with the existence of exploitation. Second, it is shown that, in a competitive environment, asset inequalities are fundamental for the emergence of exploitation, but they are not sufficient for its persistence, both in equilibria with accumulation and growth, and, perhaps more surprisingly, in stationary intertemporal equilibrium paths. Finally, it is shown that labour-saving technical progress may yield persistent exploitation by ensuring the persistent abundance of labour.
Schlagwörter: 
Dynamics
Accumulation
Exploitation
Classes
JEL: 
E11
D51
D63
C61
B24
Dokumentart: 
Working Paper

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