Workgroup for Marxist Macroeconomic Modelling (to see the PDF Call for Papers document click here)

Call for Papers
for the 17th Forum of the World Association for Political Economy ‘Political Economy vs Economics in a turbulent multipolar world’ 2-4 August 2024, Panteion University, Athens, Greece

Macroeconomic modelling plays an important role for both socialist and capitalist economies.

Particularly for the former macroeconomic modelling is crucial for economic planning.

Macroeconomic modelling – geared especially towards economic policy – has a long and turbulent

course within the science of the economy. This workgroup of the WAPE Forum aims to study this

course and to promote macroeconomic modelling within the Marxist tradition.

All economic models are by their very nature simplifications of reality that are based on a set of

assumptions that reflect the fundamental hypotheses of the modeler. In recent years Mainstream

Economics – both Neoliberal and New Keynesian – have embraced Dynamic Stochastic General

Equilibrium (DSGE) models (that is a class of models that bases its outcomes on microeconomic

principles and behavioural assumptions that are directly derived from mainstream economics core

assumptions). However, Marxist Political Economy argues that these Mainstream Economics

assumptions misrepresent actual human behaviour, disregard social relations and are

fundamentally unrealistic. On the other hand, whilst Marxist Political Economy was a pioneer in

economic modelling, during the recent decades has somehow lapsed behind in expanding and

developing its macroeconomic modelling intuitions.

As we navigate through a turbulent multipolar world, characterized by rapid geopolitical shifts and

economic uncertainties, the relevance and accuracy of economic models come under scrutiny. The

insights of Marxist Political Economy on the subject can be a valuable contribution in the

discussion. Focusing on subjects such as the effect of variations in the historical evolution

institutions, of sectoral variations in the level of competition, or the effects of variations in the

distribution of income and wealth, etc. is critical for the reorientation of economic models towards
realism and the formation of economic policies opposing capitalist exploitation and supporting socialist transition.
Topics of Interest:
We invite submissions addressing various aspects of macroeconomic modelling, including but not


1. History of macroeconomic modelling

2. Marcoeconomic models for economic policy: from Fel’dman and Tibergen to nowadays

3. Modelling different conceptions of competition

4. Modelling different conceptions of economic agents (classes, individuals etc.)

5. Modelling changes in the distributions of income and wealth

6. Modelling international economic relations (trade, portfolio and investment flows,

exchange rates, capital flights etc.) and imperialist conflicts

7. Modelling economic development and socialist transition: from A. Lewis and
E. Preohbrazhensky to nowadays

Submission Guidelines:

Abstracts and full papers should be submitted to with the subject line Marxist Macroeconomic Modelling.
Abstracts (up to 300 words) should clearly outline the research question, methodology,
data sources, findings, and its significance to the broader theme of the conference.

Please include a brief biography (up to 150 words), highlighting your academic affiliation
and key research interests.

Important Dates:

Abstract Submission Deadline:
29 April 2024
Notification of Acceptance: 20 May 204

Full Paper Submission Deadline: 1 July 2024

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