EDUCATION, GROWTH AND DISTRIBUTION: CLASSICAL-MARXIAN ECONOMIC THOUGHT AND A SIMPLE MODEL

Amitava Dutt and Roberto Veneziani

Cahiers d’économie politique / Papers in Political Economy, 2011, issue 61, 157-186

Abstract: This paper examines the interaction between education, growth and distribution from a classical-Marxian perspective. It first briefly examines classical-Marxian ideas on the relation between education and growth and income distribution. Drawing on these ideas to the extent that they are relevant for contemporary capitalist economies, it then develops a simple dynamic model of growth and distribution to analyze the effects of the spread of education on profitability, accumulation, distribution and growth.

Keywords: Classical political economy; Marx; education; income distribution; growth; skill premium (search for similar items in EconPapers)
JEL-codes: B12 B14 B24 B51 E11 I20 O41 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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