Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/288643 
Year of Publication: 
2020
Citation: 
[Journal:] Review of Evolutionary Political Economy [ISSN:] 2662-6144 [Volume:] 1 [Issue:] 2 [Publisher:] Springer International Publishing [Place:] Cham [Year:] 2020 [Pages:] 221-243
Publisher: 
Springer International Publishing, Cham
Abstract: 
This part is devoted to simulation experiments based on the simulation model developed in part I from the value-theoretic reconstruction of the main parts of Marx’s critique of Political Economy. After introducing the main parameters and the range of their variation (Section 1), a singular run as well as a sensitivity analysis for the chosen standard configuration (‘moderation regime’) is presented in Section 2. This is accomplished by configurations depicting characteristics of the capitalist development emphasized by Marx, i.e. the social conflict regime (Section 3) and the crisis regime (Section 4). Finally, an assessment of the simulation results (Section 4) is given, and conclusions as well as research requirements are discussed (Section 5).
Subjects: 
Marx
Theory of value
Evolution
Social exploitation
Class antagonism
Accumulation
Reproduction
Profit rate
Crisis
Simulation
JEL: 
B14
B15
B51
B52
C63
E11
P10
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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