Any initial thoughts on modeling yet?

Any initial thoughts on modeling yet?

 

Even if done with sticks 'n stones

Reading Man Economy and State, perhaps some logical models will arrive in a flash.  As of yet, Rothbard seems to be establishing that you can't really model the order of percieved value with a mathematical value.  The values have to be ordinal but backed by a price range perhaps. 

If and when I get around to doing something I imagine it will be a form of crusoe economy generator.  Best thing for this is to find a good example from a Rothbard speech and distill it into some logic.

I have done a modified Goodwin model based on the classical assumption that pQ = mV. I have posted some results at http://johanraft.wordpress.com The normal (wrong) assumption made in the Goodwin model is that Q = σK, with Q = physical output, K = physical capital and σ = constant. These assumptions give useless results. I show, however that since Q = mV/p that σ, the output/capital ratio is not constant but is a function of p, σ = σ(p) = V/p. Based on the href="http://financialminorityreport.com/index.php/2010/03/my-thoughts-on-the-diminisioning-productivity-of-debt/">marginal productivity of debt curve it can be inferred that V = 3 when p = 1 so that σ(p) = 3/p gives interesting empirical results.