WIRTSCHAFT
NEU DENKEN
..und erhalte nach deinen Interessen
zusammengestellte Inhalte direkt in dein Postfach!

A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model Part II

Frank Beckenbach
Review of Evolutionary Political Economy, 2020
Level: advanced
Perspectives: Complexity Economics, Evolutionary Economics, Marxian Political Economy
Topic: Criticism of Capitalism, Labour & Care, Money & Debt
Format: Working paper/Journal article
Link: https://kobra.uni-kassel.de/bitstream/handle/123456789/11783/Beckenbach2020_Article_AValue_theoreticApproachToEcon.pdf?sequence=1&isAllowed=y

This part is devoted to simulation experiments based on the simulation model developed in part I from the value-theoretic reconstruction of the main parts of Marx’s critique of Political Economy. After introducing the main parameters and the range of their variation (Section 1), a singular run as well as a sensitivity analysis for the chosen standard configuration (‘moderation regime’) is presented in Section 2. This is accomplished by configurations depicting characteristics of the capitalist development emphasized by Marx, i.e. the social conflict regime (Section 3) and the crisis regime (Section 4). Finally, an assessment of the simulation results (Section 4 ) is given, and conclusions as well as research requirements are discussed (Section 5).


Comment from our editors:

This paper allows for looking at the effects of changes in central Marxian categories, based on a reconstruction of Marxian value theory in a prior paper (https://www.exploring-economics.org/en/discover/a-value-theoretic-approach-to-economic-dynamics/)

Go to: A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model Part II

This material has been suggested and edited by:

Spenden

Um sich weiterhin für Pluralismus und Vielfalt in der Ökonomik einzusetzen, benötigt das Netzwerk Plurale Ökonomik e.V. Unterstützung von Leuten wie dir. Deshalb freuen wir uns sehr über eine einmalige oder dauerhafte Spende.

Spenden