It is interesting to revisit an old debate had in these articles: Baumol, William J. 1983. “Marx and the Iron Law of Wages,” The American Economic Review 73.2: 303–308.Hollander, Samuel. 1984. “Marx and Malthusianism: Marx’s Secular Path of Wages,” The American Economic Review 74.1: 139–151.Hollander, Samuel. 1986. “Marx and Malthusianism: Reply,” The American Economic Review 76.3: 548–550.Ramirez, Miguel D. 1986. “Marx and Malthusianism: Comment,” The American Economic Review 76.3:...
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