Adam Smith’s inquiry into the emergence and stability of the self-organization of the division of labor in commodity exchange is considered using statistical equilibrium methods from statistical physics. We develop a statistical equilibrium model of …
This paper investigates the economic dynamics of Brazil in the 2000-2016 period, based on the profit rate and its determinants (technology, distribution,and demand), linking it with the financialization of the economy. Between 2003 …
Economic modeling struggles often with a lack of realism. The reason for that is that economic theory for the last 100 years has focused on simplifying assumptions which reduced important aspects of the economic reality. Concentrating on fix-point …
O presente trabalho discute a teoria monetária de Marx frente aos desenvolvimentos do capitalismo do século XXI. Defendemos que o dinheiro é uma mercadoria mesmo no capitalismo moderno porque mercadoria é uma forma social, portanto, o dinheiro tem …