| No | SDES-2021-10 |
|---|---|
| Title | Computational Methods and Classical-Marxian Economics |
| Author | Jonathan Cogliano, Roberto Veneziani and Naoki Yoshihara |
| Abstract | This article surveys computational approaches to classical-Marxian economics. These approaches include a range of techniques - such as numerical simulations, agent-based models, and Monte Carlo methods - and cover many areas within the classical-Marxian tradition. We focus on three major themes in classical-Marxian economics, namely price and value theory; inequality, exploitation, and classes; and technical change, profi tability, growth and cycles. We show that computational methods are particularly well-suited to capture certain key elements of the vision of the classical-Marxian approach and can be fruitfully used to make signi ficant progress in the study of classical-Marxian topics. |
| Revised version published in | Journal of Economic Surveys |