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Computational methods and classical-Marxian economics
Cogliano, Jonathan; Veneziani, Roberto; Yoshihara, Naoki - 2020
This article surveys computational approaches to classical-Marxian economics. These approaches include a range of techniques - such as numerical simulations, agent-based models, and Monte Carlo methods - and cover many areas within the classical-Marxian tradition. We focus on three major themes...
Persistent link: https://www.econbiz.de/10012295695
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Marx's analysis of ground-rent : theory, examples and applications
Basu, Deepankar - 2018
This paper offers a unified analytical treatment of Marx's theory of ground-rent, building on the analysis that is … ground-rent that is appropriated by the owners of land, and also decompose it into the three components that Marx highlighted …: absolute rent, differential rent I, and differential rent II. I argue that the power of Marx's analysis lies in the fact that …
Persistent link: https://www.econbiz.de/10011811320
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Karl Marx : an early post-Keynesian? : a comparison of Marx's economics with the contributions by Sraffa, Keynes, Kalecki and Minsky
Hein, Eckhard - 2019
This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post … influenced by Marx's work. First, the relationship between Marx's theory of value and Sraffa's reformulation of the classical … theory of prices and distribution is reviewed. Then the relationship between Marx's and Keynes's monetary theory is examined …
Persistent link: https://www.econbiz.de/10011994938
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A history of the relationship between interest rate and profit rate in heterodox approaches
Zolea, Riccardo - In: International journal of political economy : a journal … 51 (2022) 2, pp. 121-136
Persistent link: https://www.econbiz.de/10013277469
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Bankers as immoral? : some parallels and differences between Aquinas's views usury and Marxian views of banking and credit
Lambert, Thomas - In: Economic thought 11 (2023) 2, pp. 31-44
Marx, should mostly reflect the value of labor embodied in them, and for that reason, labor should be compensated fully for …
Persistent link: https://www.econbiz.de/10014477032
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The Environmental Aspect of "Making People Rich as the Top Priority" in China: a Marxian Perspective
Faber, Malte; Petersen, Thomas - 2012
provide a solution addressing this development, this paper analyzes what Karl Marx had to say on the long-run dynamics of the … of economic activity on nature. Marx, who studied environmental and resource issues in detail, thought that the … decouple economic growth from ensuing environmental strain, Marx may well be right after all in his prediction that the …
Persistent link: https://www.econbiz.de/10011422231
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Globalisation and inequality: A dynamic general equilibrium model of unequal exchange
Veneziani, Roberto; Yoshihara, Naoki - 2016
A dynamic general equilibrium model that generalises Roemer's [23] economy with a global capital market is analysed. An axiomatic analysis of the concept of unequal exchange (UE) between countries is developed at general dynamic equilibria. The class of UE definitions that satisfy three...
Persistent link: https://www.econbiz.de/10011788893
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Strong subjectivism in the Marxian theory of exploitation : a critique
Veneziani, Roberto; Yoshihara, Naoki - 2009
This paper critically analyses the strongly subjectivist approach to exploitation theory recently proposed by Matsuo ([7]), in the context of general convex economies with heterogeneous agents. It is proved that the Fundamental Marxian Theorem is not preserved in his subjectivist approach,...
Persistent link: https://www.econbiz.de/10003933905
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Exploitation as the unequal exchange of labour : an axiomatic approach
Yoshihara, Naoki; Veneziani, Roberto - 2009
In subsistence economies with general convex technology and rational optimising agents, a new, axiomatic approach is developed, which allows an explicit analysis of the core positive and normative intuitions behind the concept of exploitation. Three main new axioms, called Labour Exploitation in...
Persistent link: https://www.econbiz.de/10003933908
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Technology, distribution and the rate of profit in the US economy : understanding the current crisis
Basu, Deepankar; Vasudevan, Ramaa - 2011
This paper offers a synoptic account of the state of the debate within Marxist scholars regarding the current structural crisis of capitalism, identifies two broad streams within the literature dealing, in turn, with aggregate demand and profitability problems, and proceeds to concentrate on an...
Persistent link: https://www.econbiz.de/10009381706