6 papers
The Evolution of Intersectoral Financial Relations between Industry and Agriculture in China's Planned Economy Period
Jiyuan Lyu
This paper examines intersectoral financial relations between industry and agriculture during 1949--1977 through four channels: fiscal, price, quantity procurement, and foreign tra…
A Geometric Approach to the Transformation Problem of Values
Jiyuan Lyu
The reduction of complex labour to simple labour is an unresolved difficulty in Marx's labour theory of value, and a key obstacle that has prevented the transformation problem from…
Fixed Capital, the Cost Criterion, and the Falling Rate of Profit
Jiyuan Lyu
Existing studies that introduce the concept of fixed capital into the Okishio Theorem show that, under an unchanged real wage, cost-reducing technical progress still necessarily ra…
Feasible Sets and the Transformation of Values
Jiyuan Lyu
This paper proposes a change in perspective on the ``transformation of values'' problem: from ``searching for a single constant solution'' to ``characterizing the allocation space…
Minimum Wages, Firm Size Distribution, and the Labor Share
Jihyuan Liuh, Jiyuan Lyu
The sustained decline of the labor share challenges the classic Kaldor facts. This paper proposes a ``weighting effect'' mechanism: because large firms systematically adopt more ca…
Mean-Field Analytical Solution of the Mesa Boltzmann Wealth Model
Jihyuan Liuh, Jiyuan Lyu
The Boltzmann wealth model provided by the Mesa framework is a classic example in agent-based modeling, yet its statistical properties are typically analyzed only through numerical…