Macroeconomic Model of Generalized Feudal System

HARIT, ADITYA (2024): Macroeconomic Model of Generalized Feudal System.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Feudalism, Economic Dependency, Optimization, Business Cycle
• Subjects: A - General Economics and Teaching > A1 - General Economics > A19 - Other; C - Mathematical and Quantitative Methods > C0 - General > C02 - Mathematical Methods; N - Economic History > N0 - General > N00 - General; P - Economic Systems > P0 - General; P - Economic Systems > P0 - General > P00 - General

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