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Primitive Accumulation, Growth and the Genesis of Social Classes

Jean-François Jacques and Antoine Rebeyrol

No 2007-10, EconomiX Working Papers from University of Paris Nanterre, EconomiX

Abstract: Unlike Stiglitz, we show that an inegalitarian long run equilibrium can emerge in a Solow growth model framework, assuming a linear consumption function. We then interpret this result in line with Marxian economics, showing that this 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.

JEL-codes: B50 E25 O40 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2007
New Economics Papers: this item is included in nep-mac
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Journal Article: PRIMITIVE ACCUMULATION, GROWTH AND THE GENESIS OF SOCIAL CLASSES (2010) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:drm:wpaper:2007-10

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