|
|
|
|
| LEADER |
02625cam a2200481 4500 |
| 001 |
0-1678803707 |
| 003 |
DE-627 |
| 005 |
20210107155257.0 |
| 007 |
cr uuu---uuuuu |
| 008 |
191014s2019 xxu|||||o 00| ||eng c |
| 024 |
7 |
|
|a 10419/227881
|2 hdl
|
| 035 |
|
|
|a (DE-627)1678803707
|
| 035 |
|
|
|a (DE-599)KXP1678803707
|
| 035 |
|
|
|a (OCoLC)1162926005
|
| 040 |
|
|
|a DE-627
|b ger
|c DE-627
|e rda
|
| 041 |
|
|
|a eng
|
| 044 |
|
|
|c XD-US
|
| 084 |
|
|
|a B51
|a D33
|a D57
|2 JEL
|
| 100 |
1 |
|
|a Chen, Weikai
|e VerfasserIn
|0 (DE-588)121438501X
|0 (DE-627)1725370212
|4 aut
|
| 245 |
1 |
0 |
|a Technical change, income distribution, and profitability in multisector linear economies
|c Weikai Chen
|
| 264 |
|
1 |
|a Amherst
|b University of Massachusetts Amherst
|c 2019
|
| 300 |
|
|
|a 1 Online-Ressource (circa 21 Seiten)
|b Illustrationen
|
| 336 |
|
|
|a Text
|b txt
|2 rdacontent
|
| 337 |
|
|
|a Computermedien
|b c
|2 rdamedia
|
| 338 |
|
|
|a Online-Ressource
|b cr
|2 rdacarrier
|
| 490 |
1 |
|
|a Economics Department working paper series
|v 2019, 15
|
| 520 |
|
|
|a This paper analyzes the effect of technical change on income distribution and profitability by comparing the long-run outcomes defined by a uniform profit rate in a multisector linear economy. We study three scenarios with (i) fixed real wage; (ii) fixed profit rate; or (iii) fixed wage-profit ratio, and show that any viable capital- using and labor-saving technical change itself (in the absence of power change) would bring about a fall in the rate of profit. Profit rate would not rise unless the technical change is so power-biased against the working-class that the wage-profit ratio can not be maintained. Our result conclusively supports the argument of the falling rate of profit due to a rising organic composition of capital as an underlying economic force.
|
| 810 |
2 |
|
|a University of Massachusetts Amherst
|b Department of Economics
|t Economics Department working paper series
|v 2019, 15
|9 2019,15
|w (DE-627)557596734
|w (DE-576)281369925
|w (DE-600)2407593-0
|
| 856 |
4 |
0 |
|u https://scholarworks.umass.edu/econ_workingpaper/273/
|x Verlag
|z kostenfrei
|
| 856 |
4 |
0 |
|u https://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1275&context=econ_workingpaper
|x Verlag
|z kostenfrei
|
| 856 |
4 |
0 |
|u http://hdl.handle.net/10419/227881
|x Resolving-System
|z kostenfrei
|
| 951 |
|
|
|a BO
|
| 856 |
4 |
0 |
|u https://scholarworks.umass.edu/econ_workingpaper/273/
|9 LFER
|
| 852 |
|
|
|a LFER
|z 2019-12-05T00:00:00Z
|
| 970 |
|
|
|c OD
|
| 971 |
|
|
|c EBOOK
|
| 972 |
|
|
|c EBOOK
|
| 973 |
|
|
|c EB
|
| 935 |
|
|
|a lfer
|
| 900 |
|
|
|a Chen Weikai
|
| 900 |
|
|
|a Weikai, Chen
|
| 951 |
|
|
|b XD-US
|
| 980 |
|
|
|a 1678803707
|b 0
|k 1678803707
|c lfer
|
SOLR
| _version_ |
1757963820632899584 |
| access_facet |
Electronic Resources |
| author |
Chen, Weikai |
| author_facet |
Chen, Weikai |
| author_role |
aut |
| author_sort |
Chen, Weikai |
| author_variant |
w c wc |
| callnumber-sort |
|
| collection |
lfer |
| contents |
This paper analyzes the effect of technical change on income distribution and profitability by comparing the long-run outcomes defined by a uniform profit rate in a multisector linear economy. We study three scenarios with (i) fixed real wage; (ii) fixed profit rate; or (iii) fixed wage-profit ratio, and show that any viable capital- using and labor-saving technical change itself (in the absence of power change) would bring about a fall in the rate of profit. Profit rate would not rise unless the technical change is so power-biased against the working-class that the wage-profit ratio can not be maintained. Our result conclusively supports the argument of the falling rate of profit due to a rising organic composition of capital as an underlying economic force. |
| ctrlnum |
(DE-627)1678803707, (DE-599)KXP1678803707, (OCoLC)1162926005 |
| facet_avail |
Online, Free |
| finc_class_facet |
not assigned |
| format |
eBook |
| format_access_txtF_mv |
Book, E-Book |
| format_de105 |
Ebook |
| format_de14 |
Book, E-Book |
| format_de15 |
Book, E-Book |
| format_del152 |
Buch |
| format_detail_txtF_mv |
text-online-monograph-independent |
| format_dezi4 |
e-Book |
| format_finc |
Book, E-Book |
| format_legacy |
ElectronicBook |
| format_legacy_nrw |
Book, E-Book |
| format_nrw |
Book, E-Book |
| format_strict_txtF_mv |
E-Book |
| geogr_code |
not assigned |
| geogr_code_person |
USA |
| hierarchy_parent_id |
0-557596734 |
| hierarchy_parent_title |
University of Massachusetts Amherst: Economics Department working paper series |
| hierarchy_sequence |
2019,15 |
| hierarchy_top_id |
0-557596734 |
| hierarchy_top_title |
University of Massachusetts Amherst: Economics Department working paper series |
| id |
0-1678803707 |
| illustrated |
Not Illustrated |
| imprint |
Amherst, University of Massachusetts Amherst, 2019 |
| imprint_str_mv |
Amherst: University of Massachusetts Amherst, 2019 |
| institution |
DE-D117, DE-105, LFER, DE-Ch1, DE-15, DE-14, DE-L242, DE-Zwi2 |
| is_hierarchy_id |
0-1678803707 |
| is_hierarchy_title |
Technical change, income distribution, and profitability in multisector linear economies |
| isil_str_mv |
LFER |
| kxp_id_str |
1678803707 |
| language |
English |
| last_indexed |
2023-02-16T05:22:24.856Z |
| marc024a_ct_mv |
10419/227881 |
| match_str |
chen2019technicalchangeincomedistributionandprofitabilityinmultisectorlineareconomies |
| mega_collection |
Verbunddaten SWB, Lizenzfreie Online-Ressourcen |
| misc_de105 |
EBOOK |
| multipart_link |
281369925 |
| multipart_part |
(281369925)2019, 15 |
| names_id_str_mv |
(DE-588)121438501X, (DE-627)1725370212 |
| oclc_num |
1162926005 |
| physical |
1 Online-Ressource (circa 21 Seiten); Illustrationen |
| publishDate |
2019 |
| publishDateSort |
2019 |
| publishPlace |
Amherst |
| publisher |
University of Massachusetts Amherst |
| record_format |
marcfinc |
| record_id |
1678803707 |
| recordtype |
marcfinc |
| rvk_facet |
No subject assigned |
| series |
University of Massachusetts Amherst, Department of Economics, Economics Department working paper series, 2019, 15 |
| series2 |
Economics Department working paper series ; 2019, 15 |
| source_id |
0 |
| spelling |
Chen, Weikai VerfasserIn (DE-588)121438501X (DE-627)1725370212 aut, Technical change, income distribution, and profitability in multisector linear economies Weikai Chen, Amherst University of Massachusetts Amherst 2019, 1 Online-Ressource (circa 21 Seiten) Illustrationen, Text txt rdacontent, Computermedien c rdamedia, Online-Ressource cr rdacarrier, Economics Department working paper series 2019, 15, This paper analyzes the effect of technical change on income distribution and profitability by comparing the long-run outcomes defined by a uniform profit rate in a multisector linear economy. We study three scenarios with (i) fixed real wage; (ii) fixed profit rate; or (iii) fixed wage-profit ratio, and show that any viable capital- using and labor-saving technical change itself (in the absence of power change) would bring about a fall in the rate of profit. Profit rate would not rise unless the technical change is so power-biased against the working-class that the wage-profit ratio can not be maintained. Our result conclusively supports the argument of the falling rate of profit due to a rising organic composition of capital as an underlying economic force., University of Massachusetts Amherst Department of Economics Economics Department working paper series 2019, 15 2019,15 (DE-627)557596734 (DE-576)281369925 (DE-600)2407593-0, https://scholarworks.umass.edu/econ_workingpaper/273/ Verlag kostenfrei, https://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1275&context=econ_workingpaper Verlag kostenfrei, http://hdl.handle.net/10419/227881 Resolving-System kostenfrei, https://scholarworks.umass.edu/econ_workingpaper/273/ LFER, LFER 2019-12-05T00:00:00Z |
| spellingShingle |
Chen, Weikai, Technical change, income distribution, and profitability in multisector linear economies, University of Massachusetts Amherst, Department of Economics, Economics Department working paper series, 2019, 15, This paper analyzes the effect of technical change on income distribution and profitability by comparing the long-run outcomes defined by a uniform profit rate in a multisector linear economy. We study three scenarios with (i) fixed real wage; (ii) fixed profit rate; or (iii) fixed wage-profit ratio, and show that any viable capital- using and labor-saving technical change itself (in the absence of power change) would bring about a fall in the rate of profit. Profit rate would not rise unless the technical change is so power-biased against the working-class that the wage-profit ratio can not be maintained. Our result conclusively supports the argument of the falling rate of profit due to a rising organic composition of capital as an underlying economic force. |
| title |
Technical change, income distribution, and profitability in multisector linear economies |
| title_auth |
Technical change, income distribution, and profitability in multisector linear economies |
| title_full |
Technical change, income distribution, and profitability in multisector linear economies Weikai Chen |
| title_fullStr |
Technical change, income distribution, and profitability in multisector linear economies Weikai Chen |
| title_full_unstemmed |
Technical change, income distribution, and profitability in multisector linear economies Weikai Chen |
| title_in_hierarchy |
2019, 15. Technical change, income distribution, and profitability in multisector linear economies (2019) |
| title_short |
Technical change, income distribution, and profitability in multisector linear economies |
| title_sort |
technical change income distribution and profitability in multisector linear economies |
| url |
https://scholarworks.umass.edu/econ_workingpaper/273/, https://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1275&context=econ_workingpaper, http://hdl.handle.net/10419/227881 |
