Growth and distribution
A Revised Classical Model
Datos Bibliográficos
| ID | 4369149 |
|---|---|
| Autores | Luiz Carlos Bresser-Pereira (0000-0001-8679-0557, Fundação Getulio Vargas, autor de correspondencia) |
| Año | 2018 |
| Volumen | 38 |
| Número | 1 |
| Páginas | 3-27 |
| Fecha de publicación | 2018-03-18 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | Brazilian Journal of Political Economy (JOURNAL) |
| Identificadores de la revista | ISSN: 0101-3157 • E-ISSN: 1809-4538 |
| Editorial | FapUNIFESP (SciELO) (PUBLISHER) |
| DOI | 10.1590/0101-31572018v38n01a01 |
| OpenAlex | W2137764379 |
| SCIELO_PID | S0101-31572018000100003 |
| Idioma | EN |
| Citas recibidas | 4 |
| Referencias citadas | 21 |
This paper discusses distribution and the historical phases of capitalism. It assumes that technical progress and growth are taking place, and, given that, its question is on the functional distribution of income between labor and capital, having as reference classical theory of distribution and Marx's falling tendency of the rate of profit. Based on the historical experience, it, first, inverts the model, making the rate of profit as the constant variable in the long run and the wage rate, as the residuum; second, it distinguishes three types of technical progress (capital-saving, neutral and capital-using) and applies it to the history of capitalism, having the UK and France as reference. Given these three types of technical progress, it distinguishes five phases of capitalist growth, where only the second is consistent with Marx prediction. In the final phase, corresponding to financier-rentier capitalism and neoliberalism, the profit rate recovered from the fall of the 1970s, while wages have been growing below the growth of productivity
Capital (architecture · Capital accumulation · Capitalism · Classical economics · Distribution (mathematics · Economics · Income distribution · Inequality · Keynesian economics · Labour economics · Macroeconomics · Neoclassical economics · Political science · Prices of production · Productivity · Profit (economics · Profit rate · Rate of profit · Technical change · Wage · Economic Theory and Institutions · Economic Theory and Policy · Law · Mathematics · Political Economy and Marxism
The Rise and Fall of American Growth
U.S. Economic Prospects
Class Conflict and Macro-Policy
Rational choice and the structure of the environment.
Notes on technical progress and capitalist society
The Rise and Fall of the Golden Age
Models of Man
Inequality and the Phases of Capitalism
Neoliberalism, the Rate of Profit and the Rate of Accumulation
How Will Capitalism End
The Great Divergence in European Wages and Prices from the Middle Ages to the First World War
A Model of Economic Growth
The Economics of the Profit Rate
The profit rate
Notes d'introduction au mode de production technobureaucratique
The two forms of capitalism
The long march of history
The New Industrial State
| Obras citantes distintas | 4 |
|---|---|
| Citas por año | 0,27 |
| Intervalo de citas | 2011 - 2022 (12) |
| Velocidad de citación | historical |
| Altamente citado | No |
| Tipos de cita | Neutras: 4 |