Núm. 37 (2012)
Artículos

Upper and Lower Bounds for Capital and Wages

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  • Alberto Benítez Sánchez,
  • Alejandro Benítez Sánchez
Alberto Benítez Sánchez
Departamento de Economía, UAM-Iztapalapa
Biografía
Alejandro Benítez Sánchez
Instituto Tecnológico de Tijuana
Biografía
DOI: https://doi.org/10.24275/ETYPUAM/NE/372012/Benitez
Publicado diciembre 1, 2012
Palabras clave
  • capital theory,
  • income distribution,
  • Marx,
  • Sraffa,
  • wage-profit curve
Aviso de derechos de autor/a

Resumen

The paper considers the division of a production system into departments i and ii introducing a further division of department i into a homothetic and a complementary sector. It shows the existence of nontrivial upper and lower bounds for the capital stock and the wages that depend on this division contributing, among other results, to explain the quasilinearity of the wage-profit curve found in some empirical researches.
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Citas

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