This paper presents a Classical Marxian Two‐Sector Endogenous Cycle (CMTSEC) model, merging Dutt's two‐sector Classical convergence model with labor dynamics drawn from the …
Contemporary capitalism is characterized by periods of vigorous economic growth and periods of slow or even negative growth. This book draws on the classical political economy …
H Sasaki, Y Asada, R Sonoda - 2024 - mpra.ub.uni-muenchen.de
This study extends Goodwin's growth cycle model by considering low-and high-skilled workers. Using the parameters obtained from the Japanese economy data, we conduct …
Marx'circuit of capital describes the circular process of transformation of money to commodities and of commodities to money, the unified process of capital turnover from …
J Cajas Guijarro - Available at SSRN 4617880, 2023 - papers.ssrn.com
This paper extends the two-dimensional Goodwin model of distributive cycles by incorporating endogenous technical change, inspired on some insights originally formulated …
The analysis of a sustained long-run equilibrium path of economic growth goes back to Marx's discussion of the schemes of reproduction and capital accumulation. In this paper, we …
The labor theory of value is the cornerstone of the classical and Marxian political economy because it explains the creation and valuation of wealth in capitalist societies and remains …
The labour theory of value (LTV) is the cornerstone of the classical and Marxian political economy for it explains the creation and valuation of wealth in capitalist societies and it …
This paper introduces a Classical Marxian Two-Sector Endogenous Cycle (CMTSEC) model, merging Dutt's (1988) two-sector model of Classical convergence with labor …