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Primitive Accumulation, Growth And The Genesis Of Social Classes

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  • Jean‐François Jacques
  • Antoine Rebeyrol

Abstract

The aim of this paper is to show that inequalities of wealth can be necessary conditions to explain the apparition and rise of a capitalistic system. We try to highlight Marx's insights on primitive accumulation. Our dynamic framework is consistent with Roemer's idea of endogenous class stratification. We extend this calculation by incorporating some features of the Pasinetti–Samuelson–Modigliani model, and provide an example of possible microfoundations.

Suggested Citation

  • Jean‐François Jacques & Antoine Rebeyrol, 2010. "Primitive Accumulation, Growth And The Genesis Of Social Classes," Metroeconomica, Wiley Blackwell, vol. 61(3), pages 540-557, July.
    • Handle: RePEc:bla:metroe:v:61:y:2010:i:3:p:540-557
    DOI: 10.1111/j.1467-999X.2009.04080.x
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    References listed on IDEAS

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    1. Bourguignon, Francois, 1981. "Pareto Superiority of Unegalitarian Equilibria in Stiglitz' Model of Wealth Distribution with Convex Saving Function," Econometrica, Econometric Society, vol. 49(6), pages 1469-1475, November.
    2. Von Schlicht Ekkehart, 1975. "A Neoclassical Theory of Wealth Distribution," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 189(1-2), pages 78-96, January.
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    4. Stiglitz, Joseph E, 1969. "Distribution of Income and Wealth among Individuals," Econometrica, Econometric Society, vol. 37(3), pages 382-397, July.
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    7. Oded Galor & Omer Moav, 2006. "Das Human-Kapital: A Theory of the Demise of the Class Structure," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 73(1), pages 85-117.
    8. Thomas Piketty, 1997. "The Dynamics of the Wealth Distribution and the Interest Rate with Credit Rationing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 64(2), pages 173-189.
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    Cited by:

    1. Jean Cartelier, 2014. "Entrepreneurs and wage-earners: a monetary approach," EconomiX Working Papers 2014-19, University of Paris Nanterre, EconomiX.

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    More about this item

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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