New Economic Model Predicts Equilibrium Growth and Crisis Patterns
The article introduces a new approach called Marxian Productivity Development Economics. It combines Marxian ideas with a neoclassical framework to study economic growth. The researchers use mathematical models to show how technical progress and equilibrium play a role in economic systems. They find that only when an economy reaches a specific balance, there are no business cycles. Otherwise, potential crises may occur. The study also suggests a model for optimal economic growth based on economic and social factors.