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Literatur zur Politischen Ökonomie
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1. Internet-Beitrag
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Referenz:
Petith (2002): A Foundation Model for Marxian Breakdown Theories
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Titel:
A Foundation Model for Marxian Breakdown Theories Based on a New Falling Rate of Profit Mechanism
Jahr:
2002
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Deskribierung:
Inhalt:
The paper presents a foundation model for Marxian theories of the breakdown of capitalism based on a new falling rate of profit mechanism. All of these theories are based on one or more of ″the historical tendencies″: a rising capital-wage bill ratio, a rising capitalist share and a falling rate of profit. The model is a foundation in the sense that it generates these tendencies in the context of a model with a constant subsistence wage. The newly discovered generating mechanism is based on neoclassical reasoning for a model with land. It is non-Ricardian in that land augmenting technical progress can be unboundedly rapid. Finally, since the model has no steady state, it is necessary to use a new technique, Chaplygin′s method, to prove the result.


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