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Some Extensions of a Classical Growth Cycle Model

  • Jörg Glombowski
  • Michael Krüger
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 275)

Abstract

The famous Marxian law of capitalist accumulation has never been a theme of major interest in economic theory. This is not only due to the persistent fascination exerted by other parts of Marxian theory, e.g. the labour theory of value or the reproduction schemes. To a large extent, the situation seems to be a natural outcome of a predominant interpretation of the law in terms of the concentration and centralization of capital and the tendency of rising immiserization of labour in particular.

Keywords

Capacity Utilization Profit Share Profit Rate Unstable Case Marxian Theory 
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Copyright information

© Springer-Verlag Berlin Heidelberg 1986

Authors and Affiliations

  • Jörg Glombowski
    • 1
  • Michael Krüger
    • 2
  1. 1.Economische FaculteitKatholieke Hogeschool TilburgLE TilburgNetherlands
  2. 2.FB SozialwissenschaftenUniversität OsnabrückOsnabrückWest Germany

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