Wednesday, December 29, 2010

proleg part II corporate agency

more agents and specs
 in no particular order of importance or interconnection:

 multi located corporate/plants  operating in  and trading between N bounded markets and  M currency zones
in T  basic time periods
 bounded market N has in period t h households and l wagelings

bounded markets sovereignly self  bounded

each currency zone  under pinned by a  ab nihilo zero cost "credit-money " issuing  central bank

there are no fixed factors of production
 S types of "labor " A types of  "plants "   and R  types of "land " can be "produced"
 in various periods of production with various inputs inside  bounded markets 
household inputs "produce " the S types of labor

prolegomena to a global economic model posted in parts

soon GEM will be put into construction ...but for now just some prelim proposed specification guidelines :


   there will be no utility functions
the stockholding class agents will be heterogenious
 households will be viewed as specialized firms out to maximize  job "income "

Tuesday, December 7, 2010

site mission

advanced solutions to contemporary problems


"Constant revolutionizing of production, uninterrupted disturbance of all social conditions, everlasting uncertainty and agitation ....all fixed, fast-frozen relations, with their train of ancient and venerable prejudices and opinions, are swept away, all new-formed ones become antiquated before they can ossify. All that is solid melts into air, all that is holy is profaned, and humanity is at last compelled to face with sober senses its real conditions of life, and its relations with itself."

" exploitation of the world market gives a cosmopolitan character to production and consumption in every country.... it has drawn from under the feet of industry the national ground on which it stood.

 All old-established national industries have been destroyed or are daily being destroyed. They are dislodged by new industries, whose introduction becomes a life and death question for all advanced and advancing  nations...  whose products are consumed, not only at home, but in every quarter of the globe.

 In place of the old wants, satisfied by the production of the country, we find new wants, requiring for their satisfaction the products of  the entire planet .

In place of the old local and national seclusion and self-sufficiency, we have intercourse in every direction, universal inter-dependence of nations. 

  ..... the rapid improvements of  technology... draw all, even the most unemerged of  nations into the maelstrom .

 The cheap prices of commodities are the heavy artillery  battering  down all ... national walls ... forcing the  obstinate haters of all things  foreign to capitulate... compelling all peoples, on pain of extinction, to adopt  ....the modern mode of production....

globalization  calls  into our   benighted  midst,... a world after its own image."