Explaining Levels of Inequality in OECD Nations by Using Rates of Surplus Value and Profit to Wage Ratios
Two important concepts in the Marxist and Neo-Marxist literature are surplus value (S/V) and the profit to wage (P-W) ratio. It has always been understood that these variables are related to the levels of unemployment/underemployment, poverty, and inequality within a society, but there have been no...
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| Format: | Article |
| Language: | English |
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Pluto Journals
2012-09-01
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| Series: | World Review of Political Economy |
| Online Access: | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.3.3.0313 |
| _version_ | 1797834170608648192 |
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| author | Thomas E. Lambert |
| author_facet | Thomas E. Lambert |
| author_sort | Thomas E. Lambert |
| collection | DOAJ |
| description | Two important concepts in the Marxist and Neo-Marxist literature are surplus value (S/V) and the profit to wage (P-W) ratio. It has always been understood that these variables are related to the levels of unemployment/underemployment, poverty, and inequality within a society, but there have been no explicit and empirical attempts to link these variables together. This article demonstrates that the variables S/V and P-W are good predictors of the level of inequality within the economies of OECD nations over the last few decades. |
| first_indexed | 2024-04-09T14:34:13Z |
| format | Article |
| id | doaj.art-e2a0463a181743b59e6427f611c5cf3d |
| institution | Directory Open Access Journal |
| issn | 2042-891X 2042-8928 |
| language | English |
| last_indexed | 2024-04-09T14:34:13Z |
| publishDate | 2012-09-01 |
| publisher | Pluto Journals |
| record_format | Article |
| series | World Review of Political Economy |
| spelling | doaj.art-e2a0463a181743b59e6427f611c5cf3d2023-05-03T14:05:34ZengPluto JournalsWorld Review of Political Economy2042-891X2042-89282012-09-013331332610.13169/worlrevipoliecon.3.3.0313Explaining Levels of Inequality in OECD Nations by Using Rates of Surplus Value and Profit to Wage RatiosThomas E. LambertTwo important concepts in the Marxist and Neo-Marxist literature are surplus value (S/V) and the profit to wage (P-W) ratio. It has always been understood that these variables are related to the levels of unemployment/underemployment, poverty, and inequality within a society, but there have been no explicit and empirical attempts to link these variables together. This article demonstrates that the variables S/V and P-W are good predictors of the level of inequality within the economies of OECD nations over the last few decades.https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.3.3.0313 |
| spellingShingle | Thomas E. Lambert Explaining Levels of Inequality in OECD Nations by Using Rates of Surplus Value and Profit to Wage Ratios World Review of Political Economy |
| title | Explaining Levels of Inequality in OECD Nations by Using Rates of Surplus Value and Profit to Wage Ratios |
| title_full | Explaining Levels of Inequality in OECD Nations by Using Rates of Surplus Value and Profit to Wage Ratios |
| title_fullStr | Explaining Levels of Inequality in OECD Nations by Using Rates of Surplus Value and Profit to Wage Ratios |
| title_full_unstemmed | Explaining Levels of Inequality in OECD Nations by Using Rates of Surplus Value and Profit to Wage Ratios |
| title_short | Explaining Levels of Inequality in OECD Nations by Using Rates of Surplus Value and Profit to Wage Ratios |
| title_sort | explaining levels of inequality in oecd nations by using rates of surplus value and profit to wage ratios |
| url | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.3.3.0313 |
| work_keys_str_mv | AT thomaselambert explaininglevelsofinequalityinoecdnationsbyusingratesofsurplusvalueandprofittowageratios |