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PRIMITIVE ACCUMULATION, GROWTH AND THE GENESIS OF SOCIAL CLASSES

Jean-François Jacques and Antoine Rebeyrol

Metroeconomica, 2010, vol. 61, issue 3, 540-557

Abstract: The aim of this paper is to show that inequalities of wealth can be necessary conditions to explain the apparition and rise of a capitalistic system. We try to highlight Marx's insights on primitive accumulation. Our dynamic framework is consistent with Roemer's idea of endogenous class stratification. We extend this calculation by incorporating some features of the Pasinetti–Samuelson–Modigliani model, and provide an example of possible microfoundations.

Date: 2010
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https://doi.org/10.1111/j.1467-999X.2009.04080.x

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Working Paper: Primitive Accumulation, Growth and the Genesis of Social Classes (2007) Downloads
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