Hyun Woong Park

Hyun Woong Park

Assistant Professor
Position Type
- Present
Finance, Political Economy

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.

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

Learning & Teaching

  • Econ 101 Introductory Macroeconomics
  • Econ 302 Intermediate Microeconomics
  • Econ 429 Financial Economics I
  • Econ 430 Financial Economics II
  • Econ 440 Economics of Banking


Financial Economics, Theory of Banking, Marxian Economics

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.


  • A Division of the Capitalist Class and the Market for Money Capital, forthcoming in Metroeconomica. [WP]
  • A Mathematical Formulation of the Dual Nature of Unproductive Labor, forthcoming in Review of Radical Political Economics (coauthored with Dong-Min Rieu)
  • Unproductive Activities and the Rate of Surplus Value at the Industry Level in Korea, 1995-2015, Journal of Contemporary Asia, 50(2), 2020 (coauthored with Dong-Min Rieu) [WP]
  • An Input-Output Reconstruction of the Macro-Monetary Interpretation of Marxian Theory, Marxism 21, 16(3), 2019. [WP]
  • 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, 49, June, 2019.
  • Some Notes on the Temporal Single-System Interpretation of Marxian Value Theory, The Review of Social and Economics Studies (사회경제평론), 56, 2018
  • 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]
  • 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:


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