English, Article, Journal or magazine article edition: A CELLULAR AUTOMATA MODEL OF THE GENERAL RATE OF PROFIT Claudio Castelo Branco Puty

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Bookmark: http://trove.nla.gov.au/version/123269
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A CELLULAR AUTOMATA MODEL OF THE GENERAL RATE OF PROFIT
Author
  • Claudio Castelo Branco Puty
Physical Description
  • preprint
Notes
  • We present a simulation exercise of classical free competition in which individual capitals attracted by prospective rates of profit move across industries in their Moore neighborhoods. Capitals, in general, never settle down to a fully equalized general rate of profit position and the most common characteristic of the series of cross sectional average rate of profit is the never ending gravitation around the average rate of profit determined by the number of capitals in the lattice-economy. The statistical properties that emerge from the interaction of our agents resembles stable distributions chracterized by skewness and heavy tails.
  • RePEc:anp:en2005:006
Language
  • English
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