Hyun Woong Park

Hyun Woong Park

Assistant Professor
Position Type
Faculty
Service
- Present
Specialization
Finance, Political Economy
Biography

I am currently an assistant professor in Economics at Denison University. I joined Denison in 2017. I teach finance courses for the financial economics concentration within the department of economics.

Degree(s)
Ph.D. University of Massachusetts Amherst, USA. M.A. Yonsei University, South Korea. B.A. Handong Global University, South Korea

Learning & Teaching

Courses
  • Econ 101 Introductory Macroeconomics
  • Econ 302 Intermediate Microeconomics
  • Econ 405 Financial Markets
  • Econ 430 Organizational Finance

Research

Research Overview
Financial Economics, Theory of Banking, Marxian Economics
Research Details

My research agenda has been developing in two areas. First is finance and banking theory with a focus on financial fragility and contemporary financial intermediation. The second is Marxian Economics, specific topics including labor theory of value, technical change & the rate of profit, and the circuit of capital model.

Works

Publications

Selected Publications:

  • A Review of the Macro-Monetary Interpretation of Marxian Labor Theory of Value, Marxism 21, 16(1), 2019.
  • Securitized Banking, Procyclical Bank Leverage, and Financial Instability, Structural Change and Economic Dynamics, https://doi.org/10.1016/j.strueco.2018.10.001, 2018
  • Some Notes on the Temporal Single-System Interpretation of Marxian Value Theory, The Review of Social and Economics Studies (사회경제평론), 56, 2018
  • Unproductive Activities and the Rate of Surplus Value at the Industry Level in Korea, 1995-2015, Journal of Contemporary Asia, forthcoming, 2018 (coauthored with Dong-Min Rieu)
  • (WP version) Unproductive Activities and the Rate of Surplus Value at the Industry Level in Korea, 1995-2015 , University of Massachusetts Amherst Economics Working Papers. 2018-07, 2018. (coauthored with Dong-Min Rieu)
  • Liquidity, Bank Runs, and Fire Sales under Local Thinking, North American Journal of Economics and Finance, Vol.46, pp.89-102, 2018 (coauthored with Thomas Bernardin).
  • (WP version) Liquidity, Bank Runs, and Fire Sales under Local Thinking, PERI Working Paper Series No.461, University of Massachusetts Amerst, 2018. (coauthored with Thomas Bernardin)
  • The Monetary Expression of Labor Time in a Dynamic Leontief Model, Marxism 21, Vol.13, No.2, 2016
  • Overdetermination: Althusser versus Resnick and Wolff, Rethinking Marxism, 25(3), 2013
  • The Concept of Value in Cognitive Capitalism Theory: A Critical Review of Recent Developments, Marxism 21, 9(1), 2012 (in Korean)
  • A Note on the Temporary Single System Interpretation, Yonsei Review, 2006 (in Korean)

Working Papers:

  • A Puzzle about the MELT: An Equilibrating Mechanism or Just A Coincidence? University of Massachusetts Amherst Economics Working Papers. 2018-15, 2018. (coauthored with Dong-Min Rieu; under review)
  • An Analysis of the Temporal Single-System Model of Value, Price, and the Rate of Profit
  • Technical Change and the Rate of Profit When Output is Driven by Price-Value Deviation
  • Leveraged-led Growth in the Circuit of Capital Model with a Banking Sector
  • Growth and Profitability in the Circuit of Capital Model with a Financial Intermediary
  • An Empirical Study of a Marxian Exchange Rate
  • Turnover Time and its Relation to the Rate of Profit (with Zhun Xu)
  • Endogeneity of Money and the State in Marx’s Theory of Non-commodity Money

Service

Professional Memberships
  • Editorial Board, Korean Journal of Political Economy, 2015-present
  • Board member, Korean Association For Political Economy, 2015-present