A Marxist Neo-classical Growth Model with Competitive Labor Market

摘要

In this paper, I present the model to investigate dynamics of assetdifferential between the rich and the poor. Under the assumption that labor force isexchanged through competitive labor market, the model can determine accumulating pathof total capital in the society but not the individual path of capital accumulation. Namely,there exists indeterminacy. What we can say is that the agent who wants to be the capitalistbecomes the capitalist actually.