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Education, Growth And Distribution: Classical-Marxian Economic Thought And A Simple Model

Author

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  • Amitava Krishna Dutt
  • Roberto Veneziani

Abstract

This paper examines the interaction between education, growth and distribution from a classical-Marxian perspective. It first briefly examines classical-Marxian ideas on the relation between education and growth and income distribution. Drawing on these ideas to the extent that they are relevant for contemporary capitalist economies, it then develops a simple dynamic model of growth and distribution to analyze the effects of the spread of education on profitability, accumulation, distribution and growth.

Suggested Citation

  • Amitava Krishna Dutt & Roberto Veneziani, 2011. "Education, Growth And Distribution: Classical-Marxian Economic Thought And A Simple Model," Cahiers d’économie politique / Papers in Political Economy, L'Harmattan, issue 61, pages 157-186.
    • Handle: RePEc:cpo:journl:y:2011:i:61:p:157-186
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    Citations

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    Cited by:

    1. Roberto Veneziani & Luca Zamparelli & Amitava Krishna Dutt, 2017. "Heterodox Theories Of Economic Growth And Income Distribution: A Partial Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1240-1271, December.
    2. Amitava Krishna Dutt & Roberto Veneziani, 2010. "A Classical-Marxian Model Of Education, Growth And Distribution," UMASS Amherst Economics Working Papers 2010-10, University of Massachusetts Amherst, Department of Economics.
    3. Amitava Krishna Dutt & Roberto Veneziani, 2019. "Education and ‘human capitalists’ in a classical-Marxian model of growth and distribution," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 43(2), pages 481-506.
    4. Stamegna, Marco, 2022. "Wage inequality and induced innovation in a classical-Marxian growth model," MPRA Paper 113805, University Library of Munich, Germany.

    More about this item

    Keywords

    Classical political economy; Marx; education; income distribution; growth; skill premium;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • I20 - Health, Education, and Welfare - - Education - - - General
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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