Economics and Finance

   

Introducing Marx General Equilibrium Economics

Authors: Erman ZENG

The quantitative Marxism function system is developed on the basis of the labor theory of value as the micro foundation including Marx labour value function, Marx surplus value function, Marx production function. The heterogeneous aggregation problem is overcome by using matrix analysis of the macro input-output data resulting price eigenvalues and product value thus the details about an economic system such as the rate of profit, the surplus rate of value, the elasticity of capital output. The falling tendency of the rate of profit may not be true if the economy undergoes an general equilibrium.

Comments: 46 Pages.

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Submission history

[v1] 2017-01-06 02:06:16
[v2] 2017-01-09 04:09:17

Unique-IP document downloads: 32 times

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