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Energy and productivity-based theory of cycle and crisis: the monistic approach of Vladimir Bazarov (1874-1939)

Author

Listed:
  • Eric Magnin

    (LADYSS - Laboratoire Dynamiques Sociales et Recomposition des Espaces - UP1 - Université Paris 1 Panthéon-Sorbonne - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique - UPCité - Université Paris Cité)

  • Nikolay Nenovsky

    (LEFMI - Laboratoire d’Économie, Finance, Management et Innovation - UR UPJV 4286 - UPJV - Université de Picardie Jules Verne, HSE - Vysšaja škola èkonomiki = National Research University Higher School of Economics [Moscow], UNWE - University of National and World Economy [Sofia])

Abstract

Vladimir Bazarov (1874-1939) tried to construct a monistic theory of cycles and crises on the basis of energy. His analysis of energy principles leads him, in a second step, to put the emphasis on productive forces and labour productivity, whose behaviour plays a determining role in the manifestation of both the cycle and the crisis. Finally, in empirical and statistical terms, the dynamics of labour productivity and of most of the economic series in Bazarov's model are considered to be the result of a moving stochastic equilibrium (different from the purely mechanic dynamic equilibrium).

Suggested Citation

  • Eric Magnin & Nikolay Nenovsky, 2024. "Energy and productivity-based theory of cycle and crisis: the monistic approach of Vladimir Bazarov (1874-1939)," Post-Print hal-04699898, HAL.
    • Handle: RePEc:hal:journl:hal-04699898
    DOI: 10.1080/09672567.2024.2392543
    as

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    More about this item

    Keywords

    Economic cycles and crisis; Energy economy; Labour productivity; Russian economic thought; Vladimir Bazarov; B24; B31; E32;
    All these keywords.

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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