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Alexander Ryzhenkov on “Heredity and Variability in Macroeconomics: System Dynamic Models of Economic Growth and Cycles”

February 10, 2023 @ 11:00 am - 12:00 pm EST

Virtual Event Virtual Event
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Please join WPI System Dynamics online Friday, Feb 10th 11AM ET (Boston time).

In this Collective Learning Meeting (CLM), the System Dynamics Society’s Economics SIG and WPI System Dynamics will host Alexander Ryzhenkov who will present

Heredity and Variability in Macroeconomics:
System Dynamic Models of Economic Growth and Cycles

Short Description: This work is based on the Marx theory of extended capitalist reproduction. Tutorial (theoretical) system dynamics models of increasing returns and industrial cycles will be presented.

Question(s) for the Audience:

  • How relevant are presented models for the modern technologically and institutionally advanced capitalist economy?
  • What are prospective avenues for further advance from abstract to concrete?
  • Could socially efficient counter-cyclical policies be designed and practically implemented?

Biography: The author’s information is reflected at https://www.ieie.su/persons/ryzhenkov-av.html

Call-in details: https://bit.ly/CLM-2023-02-10