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QUANTITATIVE EMPIRICAL RESEARCH IN MARXIST POLITICAL ECONOMY: A SELECTIVE REVIEW
Author(s) -
Basu Deepankar
Publication year - 2017
Publication title -
journal of economic surveys
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.657
H-Index - 92
eISSN - 1467-6419
pISSN - 0950-0804
DOI - 10.1111/joes.12218
Subject(s) - marxist philosophy , extant taxon , profitability index , economics , empirical research , politics , neoclassical economics , value (mathematics) , positive economics , political science , law , epistemology , mathematics , finance , philosophy , statistics , evolutionary biology , biology
This paper surveys quantitative empirical research in some key areas of Marxist political economy. Following an introductory section on the value controversy, the paper surveys quantitative empirical research on the following topics: (a) Marxist national accounts, (b) classical‐Marxist theory of relative prices, (c) probabilistic political economy, (d) profitability analysis and (e) classical‐Marxian theories of growth and technical change. I end by highlighting two important puzzles in the extant literature.