Technology and Distribution : Historical Trajectories A

Content Provider	Semantic Scholar
Author	Gérard Lévy, Dominique Astrid
Copyright Year	2005
Abstract	TECHNOLOGY AND DISTRIBUTION: HISTORICAL TRAJECTORIES A LA MARX In Capital, Marx introduces a system of historical tendencies accounting for the trends of the major technological and distributional variables (notably the profit rate), quite distinct from the usual steady states. Marx’s main insight is that of a difficulty to innovate: It is difficult to find new processes allowing for the growth of labor productivity while not considerably reducing the productivity of capital. The growth of the wage rate is stimulated by the rise of employment, but the stabilization of the share of wages forbids a direct imputation of the decline of the profit rate to the excessive growth of the wage rate. MOTS CLEFS : Changement technique, productivité du travail, productivité du capital, coût salarial, taux de profit, tendances historiques, modèle évolutionniste.
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Alternate Webpage(s)	http://www.cepremap.fr/membres/dlevy/dle2003e.pdf
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article