A Computational Approach to Ricardo’s and Marx’s Business Cycle Models

Authors

Hee-Young Shin, Wright State University - Main CampusFollow

Document Type

Article

Publication Date

8-10-2022

Identifier/URL

41589991 (Pure)

Abstract

The goal of this paper is to reconstruct both Ricardo's and Marx's nonlinear dynamic models of business cycle, utilizing computational power of Wolfram Mathematica. The paper aims to replicate Ricardo's and Marx's business cycle models and attempts to extend their original ideas to account for some new stylized facts of contemporary capitalist market economies such as financialization and increasing rentiers' income and corporate offshoring phenomenon.

Comments

This paper is a preprint

Repository Citation

Shin, H. (2022). A Computational Approach to Ricardo’s and Marx’s Business Cycle Models. SSRN.
https://corescholar.libraries.wright.edu/econ/316

DOI

10.2139/ssrn.4187298