The paper aims to survey the conventional labor force statistical concepts and practices used by selected East Asian governments and to propose a series of alternative frameworks for improved labor force statistics. These frameworks include the US Bureau of Labor Statistics (BLS)' multiple...

This article reviews Peter Hudis and Richard Wolff's recent contributions to feasible and viable Marxian alternatives to both capitalism and historical socialism. Both Hudis’ reinterpretation of Marx’s major writings and Wolff’s proposal for building a WSDE-based economy are important...

This is a preliminary note for building and creating interactive models of the spread of the novel coronavirus. This note explains the basic idea of various epidemic models and show how to use some of built-in functions in Wolfram Mathematica to visualize solutions of these epidemic models

The Marxian circuit of capital model is one useful analytical framework that allows us to identify the requirement for the reproduction of the capitalist economic activities over time. This paper revisits the core ideas of Marx-Foley-Basu’s mathematical model of the circuit of capital to...

One important contribution made by both David Ricardo and Karl Marx is their nonlinear dynamical reasoning for understanding key macroeconomic variables. This note aims to reconstruct some crucial aspects of their nonlinear business cycle theories utilizing the computational power of Wolfram...

The Korean government’s non-pharmaceutical interventions to the COVID-19 epidemic have successfully lowered the number of infected patients and the overall mortality rate. Nonetheless, the public health authority’s various mitigation strategies and vaccination efforts have faced several...

The Marxian circuit of capital model is one useful analytical framework that allows us to identify the requirement for the reproduction of the capitalist economic activities over time. This paper revisits the core ideas of Marxian model of the circuit of capital to explain the main...

The Marxian circuit of capital model is one useful analytical framework that allows us to identify the requirement for the reproduction of the capitalist economic activities over time. This paper revisits the core ideas of Marx and Foley’s mathematical formulation of the circuit of capital...

The aggregate production function used in Solow growth models assumes the constancy in relative income distribution between owners of capital and labor input. The paper revisits this fundamental assumption implied by constant returns to scale property of the aggregate production function from...