Computational methods and classical-Marxian economics

This article surveys computational approaches to classical-Marxian economics. These approaches include a range of techniques-such as numerical simulations, agent-based models, and Monte Carlo methods-and cover many areas within the classical-Marxian tradition. We focus on three major themes in classical-Marxian economics, namely price and value theory; inequality, exploitation, and classes; and technical change, profitability, growth and cycles. We show that computational methods are particularly well-suited to capture certain key elements of the vision of the classical-Marxian approach and can be fruitfully used to make significant progress in the study of classical-Marxian topics.