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Macroeconomic Model of Generalized Feudal System

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  • HARIT, ADITYA

Abstract

This paper presents an economic model that explores the optimisation of tax rates and reaching an equilibrium within a generalised feudal economy. This model examines the relationships between agricultural output, taxation and income distribution among the prominent societal classes of the feudal system. This societal class comprises the village headman, feudal lord, king, peasants, and merchants. Through the tools of Calculus methods, I try to derive the optimal conditions for maximising the tax rates of these societal class as per the agricultural production function. Additionally, I try to integrate a business cycle model which try to reflect economic fluctuations.

Suggested Citation

  • Harit, Aditya, 2024. "Macroeconomic Model of Generalized Feudal System," MPRA Paper 121771, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:121771
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    References listed on IDEAS

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    1. Botham, Craig, 2021. "Craft guilds: rent-seeking or guarding against the grabbing hand?," LSE Research Online Documents on Economics 112746, London School of Economics and Political Science, LSE Library.
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      More about this item

      Keywords

      Feudalism; Economic Dependency; Optimization; Business Cycle;
      All these keywords.

      JEL classification:

      • A19 - General Economics and Teaching - - General Economics - - - Other
      • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
      • N00 - Economic History - - General - - - General
      • P0 - Political Economy and Comparative Economic Systems - - General
      • P00 - Political Economy and Comparative Economic Systems - - General - - - General

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