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INTER‐CLASS TRANSFERS IN A GOODWIN‐TYPE GROWTH MODEL
Author(s) -
Mainwaring Lynn
Publication year - 1993
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/j.1467-999x.1993.tb00789.x
Subject(s) - economics , class (philosophy) , growth model , aggregate (composite) , term (time) , resistance (ecology) , microeconomics , labour economics , computer science , materials science , physics , quantum mechanics , artificial intelligence , composite material , ecology , biology
In a discrete‐time version of Goodwin's growth‐cycle model, the effects of capitalist philanthropy on workers are analysed in comparative static and dynamic terms. In either case, aggregate incomes of both classes may suffer. Likewise, concessions obtained through trade‐union activity, and resistance to labour‐saving innovations have harmful long‐term effects on the working class.