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econ.TH2022
Singularity of Input-Output Matrices: Structural Linkages and Spectral Properties
Mohit Arora, Deepankar Basu
Analyzing 5 historical and 670 contemporary input-output (IO) tables, we show that all of these IO matrices are singular. We map this phenomenon onto underlying production network…
econ.TH2022★ 1 cited
Marx after Okishio: Falling Rate of Profit with Constant Rate of Exploitation
Deepankar Basu, Oscar Orellana
Can cost-reducing technical change lead to a fall in the long run rate of profit if class struggle manages to keep the rate of exploitation constant? In a general circulating capit…