Brotherhood of St Laurence

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Economic class and the distribution of income : a time-series analysis of the UK economy, 1955-2010 /

by Cuestats, Juan Carlos | University of Sheffield. Department of Economics | Philp, Bruse.

Publisher: Sheffield, U.K. University of Sheffield. Department of Economics 2011Description: PDF.Other title: Sheffield Economic Research paper series ; no. 2011012.Online Access: Electronic copy Notes: April 2011 Includes Bibliography and appendix INTO AND OUT OF WORKSummary: 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.Availability: (1)

A road map for European ageing research /

by Futurage Project.

Publisher: Sheffield, U.K. University of Sheffield 2011Description: PDF.Online Access: Electronic copy Notes: October 2011 Appendices pp. 89-106 Bibliography pp. 107-109 Index pp. 112-116Summary: This document contains the research agenda that will enable Europe to respond successfully to the unprecedented demographic challenges it faces. Its twin starting points are the high priority allocated to population ageing, by Member States and the European Union as a whole, and the fundamental importance of scientific research as the driver of innovations in public policy, in a wide range of clinical and other professional practices, and in the development of products and services. The combination of science and innovation will be the cornerstone of Europe's future success, both in terms of economic growth and the promotion of social quality for all citizens, and that equation lies at the heart of this Road Map.Availability: (1)

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