Here is the lemmygrad post I made it at (don’t wanna have to copy everything over).
Please give the post lots of 
, the post would really appreciate it
Don’t be afraid to ask questions.
Here is the lemmygrad post I made it at (don’t wanna have to copy everything over).
Please give the post lots of , the post would really appreciate it
Don’t be afraid to ask questions.
9.) The sector income then acts as a proxy for reproducibility. If the income is negative, then the sector is not sustainable and the prices must be updated. A future direction can be to have some dynamic model where each sector can adjust its prices if it is finding that the income is negative. A problem though that you will have to address if you do move in this direction is you will have to have a mechanism for modeling prices in a semi-realistic fashion and address appropriate labor reallocation.
If a sector’s income is very high then perhaps it is because the prices are very high. But the prices won’t be high in a real market economy if the supply of the product is also very high, as competition would result in competitive firms within the sector lowering prices for market advantage. A high supply would result in a downward pressure on prices. This downward pressure causes the income to lower over time, and firms would start to move out of this sector and labor will be reallocated to other sectors. This also occurs in reverse for sectors with a high demand but low supply. This mechanism is important for the operation of the law of value.
To test Wright’s non-standard value you’ll need to introduce an exploiting class. For the purpose of the simulation you would have to add some population that consumes but does not contribute labor to production. You can have separate consumption vectors for the working class and the exploiting class. The net product n would then be sum of the worker’s and the exploiter’s consumption, n = cW + cK. Start with the exploiting class consumption = 0, and you can slowly increase it to check the impact it has on prices.
For a micro model which with no exploitation and is simple commodity production you can find his paper The Emergence of the Law of Value in a Dynamic Simple Commodity Economy. For a different micro model with exploitation (but abstracts away from different commodities and input output tables) you can check out his Implicit Microfoundations for Macroeconomics or his The Social Architecture of Capitalism, both papers have similar simulations. But value isn’t discussed in the last two papers.
For a macro model, with the emergence of value and prices corresponding to values, you can check out Convergence to Natural Prices in Simple Production for simple commodity production with no exploitation and Classical Macrodynamics and the Labor Theory of Value for a macro model with exploitation.
Also, for a theoretical discussion of the work you can either check out his thesis, The Law of Value or specific papers such as a discussion paper where he discusses his non-standard value Nonstandard Labor Values, or a more detailed paper Marx’s Transformation Problem and Pasinetti’s Vertically Integrated Subsystems
I find this field fascinating and I love simulations. Hopefully I can share something of my own one day. So I’d like to congratulate you, and also love to hear about any updates!
All of those sound interesting, I will check them out.
I would love to share them. Hopefully I have something good by the end of the week.
I am very well aware that the dynamism is important for the law of value. I have tried making simulations of micro actors in the past to simulate commodity exchange, but those tended to become computationally intensive beyond what my cheap laptop could handle. (Either that, or trying model various effects to make it more accurate would start becoming like a full time job, forcing me to focus on my actual studies instead. )
This simulation is intended only to model a single time step (for now, adding more time steps comes in once I perfect the simulation for a single time step).
I was in that same boat with my micro models. It got to where I felt like I had to add X, but to add X properly it felt like I also needed to handle Y, and so on and so on. So I get the struggle! I can have a problem of not knowing when and how to set the level of abstraction and not let the perfect be the enemy of the good. I have so many scrap projects that stall out because of this. And proletariat science unfortunately has to deal with the fact that we have other jobs that take away our time.
I will give it another look now that I understand what you were doing with the 1000 prices and that you did disaggregate. It isn’t bad code, it just isn’t my first language!
Don’t know when I will get back, but I hope do it soon as I genuinely love this sort of stuff!