Ryženkov, Aleksandr V. - In: Feedback economics : economic modeling with system dynamics, (pp. 427-463). 2021
This chapter reveals how the deterministic nonlinear Lordon - Goodwin model (M-1) endogenously generates cycles of absolute and relative over-accumulation of capital parallel in important aspects to the Marx industrial cycle. This model hyperbolizes the acuteness of accumulation crises. By...