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An overview of a dynamic, stochastic, agent-based macroeconomic model that replicates many of the empirical distributions of capitalist economies, and also demonstrates that the ultimate drivers of economic inequality are markets, the wage system and exploitation.
30 talk followed by 15 minutes response to points raised by attendees (not recorded).
Accompanying paper: "The social architecture of capitalism", Physica A: Statistical Mechanics and its Applications, Volume 346, Issues 3–4, 2005, Pages 589-620.
https://www.sciencedirect.com/science/article/abs/pii/S0378437104010726
By Ian WrightAn overview of a dynamic, stochastic, agent-based macroeconomic model that replicates many of the empirical distributions of capitalist economies, and also demonstrates that the ultimate drivers of economic inequality are markets, the wage system and exploitation.
30 talk followed by 15 minutes response to points raised by attendees (not recorded).
Accompanying paper: "The social architecture of capitalism", Physica A: Statistical Mechanics and its Applications, Volume 346, Issues 3–4, 2005, Pages 589-620.
https://www.sciencedirect.com/science/article/abs/pii/S0378437104010726