The object of this article is to review the previous models and offer some new ones based on Marx's theories of national income, capital accumulation, growth, cycles, and cyclical growth. Marx did not anywhere put together his various discussions of these points in a systematic manner, let alone in formal models; so these are not direct translations, but derivations and extrapolations from his discussions and hints. It is suggested only that, by using Marx's insights, combined with the later technical developments of academic economics, one can imagine some consistent models and can say that these may be very fruitful even for modern theorists.
Skip Nav Destination
Howard J. Sherman; Marxist Models of Cyclical Growth. History of Political Economy 1 March 1971; 3 (1): 28–55. doi: https://doi.org/10.1215/00182702-3-1-28
Download citation file: