Will Marx be proved right?
Version of Record online: 29 NOV 2006
Volume 1, Issue 1, pages 13–16, December 2006
How to Cite
Glyn, A. (2006), Will Marx be proved right?. Oxonomics, 1: 13–16. doi: 10.1111/j.1752-5209.2006.00005.x
- Issue online: 29 NOV 2006
- Version of Record online: 29 NOV 2006
Abstract. Marx argued that, as capitalism evolved, workers would receive a declining share of national income. The experience of the last century has not supported this prediction. But the entry of the vast labour forces of China and India into the world economy might just prove Marx right after all. In any case, it suggests that study of the shares of national income going to different factors of production will be interesting once more.