Recasting Input-Output Networks in a Marxist Framework

This study shows the differences between structural changes in various economies by treating I-O (Input-Output) tables as weighted directed networks and applying the best suited centrality measure to those networks. This is important especially in the context of the ongoing global economic crisis, which continues to be a challenge for economists. The theoretical premise is that the Marxian distinction between production and non-production activities is essential to understanding the dynamics of capitalism. Therefore, to explore the structural changes one must include a sectoral reclassification based on such a distinction. The essay argues that network analysis of reconstructed I-O tables in a Marxian framework reveals different and important patterns across countries, for example, United States, Germany and Spain.