Brotherhood of St Laurence

Economic class and the distribution of income : a time-series analysis of the UK economy, 1955-2010 / (Record no. 6993)

000 -LEADER
fixed length control field 02454nam a22003254a 4500
001 - CONTROL NUMBER
control field 26941
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 111111t2011 xx || 00| 0 en
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 1749-8363
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Cuestats, Juan Carlos
110 ## - MAIN ENTRY--CORPORATE NAME
Corporate name or jurisdiction name as entry element University of Sheffield. Department of Economics
245 10 - TITLE STATEMENT
Title Economic class and the distribution of income : a time-series analysis of the UK economy, 1955-2010 /
246 00 - VARYING FORM OF TITLE
Title proper/short title Sheffield Economic Research paper series ; no. 2011012
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc. Sheffield, U.K.
Name of publisher, distributor, etc. University of Sheffield. Department of Economics
Date of publication, distribution, etc. 2011
300 ## - PHYSICAL DESCRIPTION
Extent PDF
490 ## - SERIES STATEMENT
Series statement Sheffield Economic Research Paper Series
International Standard Serial Number 1749-8363
500 ## - GENERAL NOTE
General note April 2011 Includes Bibliography and appendix INTO AND OUT OF WORK
520 ## - SUMMARY, ETC.
Summary, etc. This paper contributes to our understanding of the determinants and dynamics of a Marxian surplus-value rate using quarterly UK data, 1955-2010, and the Johansen (1988, 1991) cointegration and vector error correction model (VECM). A conceptual model is introduced to define surplus-value and its component parts, before elaborating on theoretical issues which are important in estimating the rate. In the empirical analysis we seek to explain distributive conflict, paying attention to three forces which are traditionally seen as drivers of power in distributional struggle: (i) political party; (ii) the size of the 'reserve army' of the unemployed; (iii) working class militancy. Our results suggest a positive impact of unemployment on the rate of surplus-value, and that falling working class militancy tends to raise the rate. Political party also affects the rate of surplus-value with a negative impact on the rate emanating from movement to left-wing government. This analysis demonstrates the ongoing relevance of Marxian economics in providing an alternative, robust and significant explanation of distribution in the post-war UK economy.
521 ## - TARGET AUDIENCE NOTE
Target audience note Economic class and the distribution of income.pdf
650 10 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Income Distribution
Topical term following geographic name as entry element Great Britain
9 (RLIN) 2590
650 10 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Econometrics
Topical term following geographic name as entry element
9 (RLIN) 99
650 10 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Labour Supply
Topical term following geographic name as entry element
9 (RLIN) 76
650 10 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Economic History
Topical term following geographic name as entry element
9 (RLIN) 918
650 10 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Employment
Topical term following geographic name as entry element Statistics - Great Britain
9 (RLIN) 16063
690 10 - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element Economic Conditions
9 (RLIN) 15777
690 10 - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element Statistical Analysis
9 (RLIN) 15823
690 10 - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element Unemployment
9 (RLIN) 70
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Philp, Bruse
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="http://library.bsl.org.au/showitem.php?handle=1/2485">http://library.bsl.org.au/showitem.php?handle=1/2485</a>
Materials specified Electronic copy
Public note
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Electronic
Classification part

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