"Explaining Levels of Inequality in OECD Nations by Using Rates of Surplus Value and Profit to Wage Ratios"

Thomas E. Lambert

Research output: Contribution to journalArticle

Abstract

"Two important concepts in the Marxist and Neo-Marxist literature are surplus value
(S/V) and the profit to wage (P-W) ratio. It has always been understood that these variables
are related to the levels of unemployment/underemployment, poverty, and inequality within a
society, but there have been no explicit and empirical attempts to link these variables together.
This article demonstrates that the variables S/V and P-W are good predictors of the level of
inequality within the economies of OECD nations over the last few decades."
Original languageEnglish
Pages (from-to)313-326
Number of pages14
JournalWorld Review of Political Economy
Volume3
Issue number3
Publication statusPublished - 2012
Externally publishedYes

Fingerprint

Wages
Surplus value
Profit
Predictors
Underemployment
Unemployment
Poverty

Keywords

  • Marxian economics
  • inequality
  • surplus value

Cite this

"Explaining Levels of Inequality in OECD Nations by Using Rates of Surplus Value and Profit to Wage Ratios". / Lambert, Thomas E. .

In: World Review of Political Economy, Vol. 3, No. 3, 2012, p. 313-326.

Research output: Contribution to journalArticle

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