Computational methods and classical-Marxian economics

Arbeitspapier

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 in classical-Marxian economics, namely price and value theory; inequality, exploitation, and classes; and technical change, profitability, growth and cycles. We show that computational methods are particularly well-suited to capture certain key elements of the vision of the classical-Marxian approach and can be fruitfully used to make significant progress in the study of classicalMarxian topics.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 913

Classification and Topics

• Classification: Wirtschaft ; Computational Techniques; Simulation Modeling ; Current Heterodox Approaches: Socialist; Marxian; Sraffian ; Economic Methodology
• Subject: Computational Methods ; Agent-Based Models ; Classical Economists ; Marx

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Cogliano, Jonathan ; Veneziani, Roberto ; Yoshihara, Naoki
• Event: Veröffentlichung
• (who): Queen Mary University of London, School of Economics and Finance
• (where): London
• (when): 2020

Further information

• Handle: http://hdl.handle.net/10419/247182
• Last update: 10.03.2025, 11:45 AM CET