A Marxian Optimal Growth Model for Economies with Minimum Subsistence Wages
This study constructs a two-sector two-class economic growth model to analyze an economy described in Marx’s Capital , where only the capitalist owns the means of production and maximizes the surplus value, while the worker provides labor in exchange for the minimum subsistence wage. Unlimited labo...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Pluto Journals
2023-09-01
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| Series: | World Review of Political Economy |
| Online Access: | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.14.3.0386 |