Skip to main content
Log in

Convergence and equilibrium in two sector models of growth, distribution and prices

  • Articles
  • Published:
Journal of Economics Aims and scope Submit manuscript

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

References

  • Baran, P. (1957):The Political Economy of Growth. New York: Monthly Review Press.

    Google Scholar 

  • Baran, P., and Sweezy, P. (1966):Monopoly Capital. New York: Monthly Review Press.

    Google Scholar 

  • Benassy, J.-P. (1986):Macroeconomics: An Introduction to the Non-Walrasian Approach. Orlando: Academic Press.

    Google Scholar 

  • Boggio, L. (1985): “On the Stability of Production Prices.”Metroeconomica 37: 241–267.

    Google Scholar 

  • Boggio, L. (1986): “Stability of Production Prices in a Model of General Interdependence.” In Semmler (1986).

  • Clifton, J. (1977): “Competition and the Evolution of the Capitalist Mode of Production.”Cambridge Journal of Economics 1: 137–151.

    Google Scholar 

  • — (1983): “Administered Prices in the Context of Capitalist Development.”Contributions to Political Economy 2: 23–38.

    Google Scholar 

  • Drandakis, E. M. (1963): “Factor Substitution in the Two-sector Growth Model.”Review of Economic Studies 30: 217–228.

    Google Scholar 

  • Dumenil, G., and Levy, D. (1986): “Stability and Instability in a Dynamic Model of Capitalist Production.” In Semmler (1986).

  • Dutt, A. K. (1984): “Stagnation, Income Distribution and Monopoly Power.”Cambridge Journal of Economics 8: 25–40.

    Google Scholar 

  • Dutt, A. K. (1986): “Competition, Monopoly Power and the Prices of Production.” Discussion Paper, Department of Economics, Florida International University.

  • — (1987a): “Alternative Closures again: Comment on ‘Growth, Distribution and Inflation’.”Cambridge Journal of Economics 11: 75–82.

    Google Scholar 

  • Dutt, A. K. (1987b): “Growth, Distribution and Capacity Utilization.” Mimeo, Department of Economics, Florida International University.

  • Flaschel, P., and Semmler, W. (1986): “The Dynamic Equalization of Profit Rates for Input-Output Models with Fixed Capital.” In Semmler (1986).

  • Franke, R. (1986): “A Cross-Over Gravitation Process in Prices and Inventories.” In Semmler (1986).

  • Fujimoto, T., and Krause, U. (1986): “Ergodic Price Setting with Technical Progress.” In Semmler (1986).

  • Harcourt, G. (1965): “A Two Sector Model of the Distribution of Income and the Level of Employment in the Short Run.”Economic Record 41: 103–117.

    Google Scholar 

  • Harris, D. J. (1978):Capital Accumulation and Income Distribution. London: Routledge & Kegan Paul.

    Google Scholar 

  • — (1981): “On the Timing of Wage Payments.”Cambridge Journal of Economics 5: 369–381.

    Google Scholar 

  • Hilferding, R. (1910):Finance Capital. English translation (1981). London and Boston: Routledge & Kegan Paul.

    Google Scholar 

  • Hosoda, E. (1985): “On the Classical Convergence Theorem.”Metroeconomica 37: 157–174.

    Google Scholar 

  • Kalecki, M. (1971):Selected Essays on the Dynamics of a Capitalist Economy. Cambridge: Cambridge University Press.

    Google Scholar 

  • Kuroki, R. (1986): “The Equalization of the Rate of Profit Reconsidered.” In Semmler (1986).

  • Laibman, D. (1982): “Technical Change, the Real Wage and the Rate of Exploitation. The Falling Rate of Profit Reconsidered.”Review of Radical Political Economics 4: 95–105.

    Google Scholar 

  • Mainwaring, L. (1977): “Monopoly Power, Income Distribution and Price Determination.”Kyklos 30: 674–690.

    Google Scholar 

  • Malinvaud, E. (1985):The Theory of Unemployment Reconsidered, 2nd Edition. Oxford: Blackwell.

    Google Scholar 

  • Mukherji, B. (1982):The Theory of Growth and the Tradition of Ricardian Dynamics. Delhi: Oxford University Press.

    Google Scholar 

  • Nikaido, H. (1983): “Marx on Competition.”Zeitschrift für Nationalökonomie 43: 337–362.

    Google Scholar 

  • — (1985): “Dynamics of Growth and Capital Mobility in Marx's Scheme of Reproduction.”Zeitschrift für Nationalökonomie 45: 197–218.

    Google Scholar 

  • Semmler, W. (1984):Competition, Monopoly and Differential Profit Rates. New York: Columbia University Press.

    Google Scholar 

  • — (ed.) (1986):Competition, Instability and Nonlinear Cycles. Berlin, New York: Springer Verlag.

    Google Scholar 

  • Sraffa, P. (1960):Production of Commodities by Means of Commodities. Cambridge: Cambridge University Press.

    Google Scholar 

  • Steedman, I. (1984): “Natural Prices, Differential Profit Rates and the Classical Competitive Process”.Manchester School: 123–140.

  • Steindl, J. (1952):Maturity and Stagnation in American Capitalism. Oxford: Blackwell.

    Google Scholar 

  • Taylor, L. (1983):Structuralist Macroeconomics. New York: Basic Books.

    Google Scholar 

  • Uzawa, H. (1961): “On a Two-sector Model of Economic Growth.”Review of Economic Studies 29: 40–47.

    Google Scholar 

  • — (1963): “On a Two-sector Model of Economic Growth.”Review of Economic Studies 30: 105–118.

    Google Scholar 

  • Weeks, J. (1981):Capital and Exploitation. Princeton: Princeton University Press.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Additional information

I am grateful to Lance Taylor for encouragement and discussions, and to two anonymous referees of this journal for their detailed and insightful comments on an earlier draft which resulted in its thorough revision.

Rights and permissions

Reprints and permissions

About this article

Cite this article

Dutt, A.K. Convergence and equilibrium in two sector models of growth, distribution and prices. Journal of Economics Zeitschrift für Nationalökonomie 48, 135–158 (1988). https://doi.org/10.1007/BF01234607

Download citation

  • Received:

  • Revised:

  • Issue Date:

  • DOI: https://doi.org/10.1007/BF01234607

Keywords

Navigation