Primitive Accumulation, Growth and the Genesis of Social Classes
Jean-François Jacques and
No 2007-10, EconomiX Working Papers from University of Paris Nanterre, EconomiX
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
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)
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Persistent link: https://EconPapers.repec.org/RePEc:drm:wpaper:2007-10
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