Determinants of Marxian labor productivity in the Greek economy 1960-2020
Bibliographic Data
| ID | 3832749 |
|---|---|
| Authors | Thanasis Maniatis (0000-0003-1490-3369, National and Kapodistrian University of Athens, corresponding author), Costas Passas (0000-0002-3469-1490, Centre of Planning and Economic Research (KEPE), Greece) |
| Year | 2024 |
| Volume | 48 |
| Issue | 4 |
| Pages | 543-566 |
| Publication date | 2024-12-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Capital & Class (JOURNAL) |
| Journal identifiers | ISSN: 0309-8168 • E-ISSN: 2041-0980 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/03098168231179968 |
| OpenAlex | W4380887170 |
| Language | EN |
| Citations received | 1 |
| References cited | 37 |
This paper discusses productivity growth in the context of the Greek economy. Productivity of labor in the Marxian sense is estimated using the distinction between productive and unproductive labor, and it is compared and contrasted with its mainstream counterpart. Marxian productivity is generally higher in level and exhibits a higher average rate of growth than mainstream productivity. We also estimate econometrically the determinants of productivity growth. Variables stressed in the classical-Marxian approach expressing capital accumulation appear to account for most of the variation in productivity growth. This is in contrast to certain radical approaches and especially the Social Structures of Accumulation school which stress the importance of 'social' variables for the explanation of productivity growth. In particular, the negative correlation found here between productivity growth and unemployment rate for Greece contradicts earlier findings in the Social Structures of Accumulation literature which postulate a positive correlation between those variables for countries like Greece and the United States. JEL classification : E11, E24, J21
Economics · Labour economics · Macroeconomics · Mainstream · Productivity · Unemployment · Economic Theory and Institutions · Economic Theory and Policy · Political Economy and Marxism
Measuring the Wealth of Nations
Marxian crisis theory and the rate of profit in the postwar U.S. economy
Money and Economic Growth
Expectations and the neutrality of money
Contemporary Capitalism and its Crises
How social structures of accumulation decline and are built
Unproductive Labor in the U.S. Economy 1964-2010
Distributive shares in the US economy, 1964–2001
Hearts and Minds
A Reconceptualization of Social Structure of Accumulation Theory
Unemployment, Long-Term Employment Relations, and Productivity Growth
Cyclical fiscal policy, credit constraints, and industry growth
Profitability Capital Accumulation and Crisis in the Greek Economy 1958–2009
Marxist Theories of Crisis and the Current Economic Crisis
The Categories of Productive and Unproductive Labor in Marxist Economic Theory
Regulation Theory
Inflation and Real Interest
Knowledge Spillovers, Innovation and Growth
| Citations per year | 1 |
|---|---|
| Citation span | 2026 - 2026 (1) |
| Highly cited | No |