A Marx 'crises' model: The reproduction schemes revisited

Marco Veronese Passarella

No PKWP1610, Working Papers from Post Keynesian Economics Society (PKES)

Abstract: This paper builds upon the Marxian reproduction schemes. It aims to test the impact of some of the most apparent 'stylised facts' which characterise the current phase of capitalism on an artificial two-sector growing economy. It is shown that, simplified though they are, the Marxian reproduction schemes allow framing a variety of radical and other ‘dissenting’ renditions of the recent economic and financial crises of early-industrialised countries with a flexible and sound analytical model.

Keywords: Marx; Crisis; Reproduction Schemes; Post-Keynesian Economics (search for similar items in EconPapers)
JEL-codes: B50 E11 E12 (search for similar items in EconPapers)
Pages: 25
Date: 2016-05
New Economics Papers: this item is included in nep-hme, nep-mac and nep-pke
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