| 000 | 02467nam a22003254a 4500 | ||
|---|---|---|---|
| 001 | 26941 | ||
| 008 | 111111t2011 xx || 00| 0 en | ||
| 022 | _a1749-8363 | ||
| 100 |
_aCuestats, Juan Carlos _934637 |
||
| 110 |
_aUniversity of Sheffield. Department of Economics _934638 |
||
| 245 | 1 | 0 | _aEconomic class and the distribution of income : a time-series analysis of the UK economy, 1955-2010 / |
| 246 | 0 | 0 | _aSheffield Economic Research paper series ; no. 2011012 |
| 260 |
_aSheffield, U.K. _bUniversity of Sheffield. Department of Economics _c2011 |
||
| 300 | _aPDF | ||
| 490 |
_aSheffield Economic Research Paper Series _x1749-8363 |
||
| 500 | _aApril 2011 Includes Bibliography and appendix INTO AND OUT OF WORK | ||
| 520 | _aThis 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 | _aEconomic class and the distribution of income.pdf | ||
| 650 | 1 | 0 |
_aIncome Distribution _bGreat Britain _92590 |
| 650 | 1 | 0 |
_aEconometrics _b _999 |
| 650 | 1 | 0 |
_aLabour Supply _b _976 |
| 650 | 1 | 0 |
_aEconomic History _b _9918 |
| 650 | 1 | 0 |
_aEmployment _bStatistics - Great Britain _916063 |
| 690 | 1 | 0 |
_aEconomic Conditions _927427 |
| 690 | 1 | 0 |
_aStatistical Analysis _923773 |
| 690 | 1 | 0 |
_aUnemployment _970 |
| 700 |
_aPhilp, Bruse _934639 |
||
| 856 |
_uhttps://library.bsl.org.au/showitem.php?handle=1/2485 _3Electronic copy _z |
||
| 942 |
_cELECTRONIC _h |
||
| 999 |
_c6993 _d6993 |
||