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Cyclical Growth: The Interdependent Dynamics of Industry and Agriculture

  • Conference paper
Competition, Instability, and Nonlinear Cycles

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 275))

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Abstract

Accumulation is one side of the golden coin of capitalism; the creation of the proletariat is the other. Historically, accumulation has meant the simultaneous dispossession of people and concentration of property, so that the dispossessed face the propertied in the free labor market (see Marx, I, pp. 614, 620, 624).

Thanks to Felix Jimenez for working through the equations and saving me from many mistakes.

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References

  • R.M. Goodwin, A Growth Cycle, in: E. K. Hunt J. G. Schwartz (eds), A Critique of Economic Theory (Harmondsworth) 1972.

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Author information

Authors and Affiliations

  1. Department of Economics, New School for Social Research, 65 Fifth Ave, New York, N.Y., 10003, USA

    Edward J. Nell

Authors
  1. Edward J. Nell
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Editor information

Editors and Affiliations

  1. Economics Department, Graduate Faculty, New School for Social Research, 65 Fifth Avenue, New York, N. Y., 10003, USA

    Willi Semmler

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© 1986 Springer-Verlag Berlin Heidelberg

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Nell, E.J. (1986). Cyclical Growth: The Interdependent Dynamics of Industry and Agriculture. In: Semmler, W. (eds) Competition, Instability, and Nonlinear Cycles. Lecture Notes in Economics and Mathematical Systems, vol 275. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-51699-3_13

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  • DOI: https://doi.org/10.1007/978-3-642-51699-3_13

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-16794-5

  • Online ISBN: 978-3-642-51699-3

  • eBook Packages: Springer Book Archive

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