Distribution and Growth in an Economy with Heterogeneous Capital and Excess Capacity

Theodore Mariolis ()

MPRA Paper from University Library of Munich, Germany

Abstract: In a world of heterogeneous capital the aggregate capital-capacity ratio can change in a complicated way as the real wage rate changes and, therefore, nothing useful can be said, a priori, about the relationships between the real wage rate (or the aggregate profit share), the degree of capacity utilization and the rates of profit, capital accumulation and interest.

Keywords: Aggregate capital-capacity ratio; capacity utilization; heterogeneous capital; post-Keynesian theory; Sraffian theory (search for similar items in EconPapers)
JEL-codes: D57 E11 E12 (search for similar items in EconPapers)
Date: 2007-01
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Citations: View citations in EconPapers (2)

Published in Asian-African Journal of Economics and Econometrics 1-2.7(2007): pp. 365-375

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:24042

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