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The Fundamental Contradiction in the Neoclassical Theory of Income Distribution

Carl Gerdes and Carl Gerdes
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Carl Gerdes: 1516 Josephine St. Berkeley, CA 94703

Review of Radical Political Economics, 1977, vol. 9, issue 2, 39-64

Abstract: This paper proves that the neoclassical concept of factor produc tivity cannot be used to show that competition and exploitation are mutually ex clusive phenomena. Consequently, no theoretical basis exists for the neoclassical theory of income distribution.

Date: 1977
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