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naturally from the companies model. During the modelling process I was rereading Steve Keen's 'Debunking Economics' and had also read some of the Goodwin modelling work while investigating the ratio of returns to labour and capital. It seemed to me that by combining the wealth, company and commodity m
nd GLV distributions will be found to give general and stable descriptions of many complex systems that have hitherto been seen as insoluble. What Dewar, Levy and Solomon's systems consist of are three critical elements; a source, a sink, and some sort of self-limiting behaviour. This model is poten
is simply a complicated and interesting sub-section of the MEP function of the earth as a whole. 202 EFTA00625330 Returning to the mathematics, Dewar [Dewar 2005] has produced a seminal paper that derives maximum entropy production from the first principles of information theory and simple maximum
s 3.4 Commodity models Background Modelling Results Discussion - Background - Modelling - Results - Discussion 4. Minsky goes Austrian a la Goodwin — Macroeconomic Models 4.1 Macroeconomic Models - Background 4.2 Macroeconomic Models - Modelling 4.3 Macroeconomic Models - Results 4.4 Macroeco
appears not to have percolated into the general physics community despite appearing to have general applicability. The ideas of Paltridge, Lorenz, Dewar and others, along with the mathematical techniques of Levy & Solomon, may not be familiar to many physicists, and I believe may be very powerful in
cs, and chaotic systems in general, is discussed in section 6 below. As discussed above, Lotka-Volterra models have been used in Marxian analysis by Goodwin and others, though the models can be somewhat complex. The models presented above seem more efficacious than the Goodwin type Lotka-Volterra model
ormation approach is more obvious mathematically, but like quantum mechanics, somehow seems to imply the necessary presence of an outside observer. Dewar's work, discussed in section 7.3 below may shed some light on this discussion. Both Atkins's and Ben-Naim's books are short and well written, and I
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