Land, technical progress and the falling rate of profit

Petith, Howard

[journal article]

dc.contributor.author	Petith, Howard	de
dc.date.accessioned	2011-05-01T02:54:00Z	de
dc.date.accessioned	2012-08-29T23:08:08Z
dc.date.available	2012-08-29T23:08:08Z
dc.date.issued	2008	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/24811
dc.description.abstract	The paper sets out a one sector growth model with a neoclassical production function in land and a capital–labour aggregate. If the elasticity of substitution between land and the capital–labour aggregate is less than one and if the rate of capital augmenting technical progress is strictly positive, then the rate of profit will fall to zero. This result holds regardless of the rate of land augmenting technical progress: no amount of technical advance in agriculture can stop the fall in the rate of profit. The paper also discusses the relation of this result to the classical and Marxist literature.	en
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.subject.other	Marx; classical economics; the falling rate of profit
dc.title	Land, technical progress and the falling rate of profit	en
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Journal of Economic Behavior & Organization	de
dc.source.volume	66	de
dc.publisher.country	NLD
dc.source.issue	3-4	de
dc.subject.classoz	Basic Research, General Concepts and History of Economics	en
dc.subject.classoz	Political Economy	en
dc.subject.classoz	Volkswirtschaftslehre	de
dc.subject.classoz	Allgemeines, spezielle Theorien und Schulen, Methoden, Entwicklung und Geschichte der Wirtschaftswissenschaften	de
dc.identifier.urn	urn:nbn:de:0168-ssoar-248113	de
dc.date.modified	2011-05-02T11:45:00Z	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	en
ssoar.gesis.collection	SOLIS;ADIS	de
ssoar.contributor.institution	http://www.peerproject.eu/	de
internal.status	3	de
dc.type.stock	article	de
dc.type.document	journal article	en
dc.type.document	Zeitschriftenartikel	de
dc.rights.copyright	f	de
dc.source.pageinfo	687-702
internal.identifier.classoz	10901
internal.identifier.classoz	1090300
internal.identifier.journal	196	de
internal.identifier.document	32
internal.identifier.ddc	330
dc.identifier.doi	https://doi.org/10.1016/j.jebo.2006.08.004	de
dc.description.pubstatus	Postprint	en
dc.description.pubstatus	Postprint	de
internal.identifier.licence	7
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_RETAINED

Files in this item

Name:: ssoar-jebo-2008-3-4-petith-land.pdf
Size:: 615.1Kb
Format:: PDF

View/Open

This item appears in the following Collection(s)

Allgemeines, spezielle Theorien und "Schulen", Methoden, Entwicklung und Geschichte der Wirtschaftswissenschaften
Basic Research, General Concepts and History of Economics
Volkswirtschaftslehre (allgemein)
Political Economy (general)

Show simple item record