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...

The main purpose of this paper is to build a family of tutorial Goodwinian (essentially Marxist) models of capital accumulation through industrial cycles that are less complicated than the author's models of the extended capitalist reproduction in the USA already published. The subordinate...