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.

Download: PDF

Submission history

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

Unique-IP document downloads: 211 times is a pre-print repository rather than a journal. Articles hosted may not yet have been verified by peer-review and should be treated as preliminary. In particular, anything that appears to include financial or legal advice or proposed medical treatments should be treated with due caution. will not be responsible for any consequences of actions that result from any form of use of any documents on this website.

Add your own feedback and questions here:
You are equally welcome to be positive or negative about any paper but please be polite. If you are being critical you must mention at least one specific error, otherwise your comment will be deleted as unhelpful.

comments powered by Disqus