Macroeconomic Model of Generalized Feudal System

Aditya Harit

MPRA Paper from University Library of Munich, Germany

Abstract: This paper presents an economic model that explores the optimisation of tax rates and reaching an equilibrium within a generalised feudal economy. This model examines the relationships between agricultural output, taxation and income distribution among the prominent societal classes of the feudal system. This societal class comprises the village headman, feudal lord, king, peasants, and merchants. Through the tools of Calculus methods, I try to derive the optimal conditions for maximising the tax rates of these societal class as per the agricultural production function. Additionally, I try to integrate a business cycle model which try to reflect economic fluctuations.

Keywords: Feudalism; Economic Dependency; Optimization; Business Cycle (search for similar items in EconPapers)
JEL-codes: A19 C02 N00 P0 P00 (search for similar items in EconPapers)
Date: 2024-08-20
New Economics Papers: this item is included in nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:121771

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