Abstract
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
How to Cite
Correa, R., (2002) “KALEÇKI’S MICROECONOMICS RECONSIDERED”, American Review of Political Economy 1(1). doi: https://doi.org/10.38024/arpe.69
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