The Contingent Nature of the Revolution Predicted by Marx
Posted: 23 Aug 2001
A formalisation of Elster's interpretation of Marx's theory of revolution is presented in terms of a one sector model with continuous substitution, land as a factor of production and a particular population theory. A justification for calling such a model Marxian is given. Then, it is shown that the revolution may occur only if the drag caused by the fixed supply of land is greater than the force of technical progress.
Keywords: Marx, Revolution, Land
JEL Classification: B24, E11, O41
Suggested Citation: Suggested Citation