For the model in this post, there is no assumption of equal profit rates, no structual mechansim for enforcing equalizafion of r, so the profit is simply a residual.

Not exactly. It's more so that in this model, there is no class other than the working class. There is also no mechanism for profit rate equalization because this model doesn't have time steps. The only purpose of the model is to investigate the relationship between prices and economic stability.

I do have a model that I have just about finished coding that incorporates the idea of time, movement, wage rates and external trade. The post for that is in the works.

Maybe the third model in the series model will have profits and a capitalist class in it. The second version is still a massive upgrade, so I want to release it first.

Profit equalization is also something I don't plan on assuming. The agents in my 3rd model will try to maximize profits, and maybe profit equalization might emerge.

Although, the sectors in the 2nd model do hire more workers when the sector's income is high, which is something like a profit maximization behaviour. Of course, the sectors in my 2nd model can't choose prices (it wouldn't make sense, since all gross outputs are fully sold), so it's not true profit maximization behavior. The sectors in my models (so far) are also not individual firms, which limits their agency as agents.

[–] Sebrof@hexbear.net 2 points 2 days ago (1 children)

Yeah and I noticed that the profits don't go toward any class consumption. But I realize that this is fine as it is the scope of this first model - I just wanted to clarify the assumptions that a Sraffian model uses. And I agree, that in computational models one shouldn't assume it - one checks if they emerge. That's the more fascination approach. It would be interesting to see if a future model generates an equalization of profit rates and/or equalization of wage rates if the wage rate is an endogenous variable determined by a labor market.

I have models that I would like to share as well. I don't know if I should post them here or on lemmygrad (a place I don't go to often enough). If you have any suggestions for a community let me know.

In the meantime thanks for the great discussion! I don't have more questions at the moment but I'm looking forward to updates!

Thanks again! And best of luck in your future projects cyber-lenin rat-salute-2

[–] sodium_nitride@hexbear.net 2 points 2 days ago

I don't know if I should post them here or on lemmygrad (a place I don't go to often enough). If you have any suggestions for a community let me know.

Posting it on the free chat should be fine. Stuff gets traction there. Also, you could try posting in Chapo then linking to the lemmygrad. I think that could boost the engagement numbers and get lots of community interaction.