KALEÇKI’S MICROECONOMICS RECONSIDERED
Keyword(s):
Kaleçki’s microeconomics is recast in a strategic framework. The transformation is made in two steps. First, the relationship between capitalist and worker is modeled as a cooperative game. It is shown that the outcome is ‘more favorable’ to the capitalist than any other point on the payoff frontier. The game is then converted into a perfectly antagonistic game. The saddle-point is shown to be the outcome of a capitalist maximization problem
2018 ◽
Vol 5
(2)
◽
pp. 15
Keyword(s):
Keyword(s):
2011 ◽
Vol 68
(3)
◽
pp. 528-536
◽
Keyword(s):
Keyword(s):
Keyword(s):