ÉQUILIBRE ET POSSIBILITÉ DE CRISES DANS LE MODÈLE DE REPRODUCTION ÉLARGIE DE MARX

Alain Béraud (), Carlo Benetti, Alain Béraud, Edith Klimovsky and Antoine Rebeyrol
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Alain Béraud: THEMA - Théorie économique, modélisation et applications - UCP - Université de Cergy Pontoise - Université Paris-Seine - CNRS - Centre National de la Recherche Scientifique
Carlo Benetti: EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique
Alain Béraud: THEMA - Théorie économique, modélisation et applications - UCP - Université de Cergy Pontoise - Université Paris-Seine - CNRS - Centre National de la Recherche Scientifique
Edith Klimovsky: EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique
Authors registered in the RePEc Author Service: Alain Beraud

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Abstract: In the numerical examples used by Marx to study the reproduction of social capital, the economy reaches a steady growth path in only two periods. This surprising outcome has been interpreted by Marx‟s readers as a property of a model which excludes any sort of economic crisis. This paper shows that this is not the case. Depending on the proportion between sectors and on the accumulation rate in the sector producing the means of production, two kinds of crises can occur. Following a suggestion of Marx, we emphasize the analysis of the physical conditions of reproduction and, on such a basis, we determine the critical proportions beyond which a crisis occurs. If, as in Marx, commodities are exchanged at their labor value, the critical proportions will be changed

Keywords: crisis; Marx; reproduction; crises (search for similar items in EconPapers)
Date: 2010
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00573303
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Working Paper: Equilibre et possibilité de crises dans le modèle de reproduction élargie de Marx (2010)
Working Paper: Equilibre et possibilité de crises dans le modèle de reproduction élargie de Marx (2010)
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