[OPE-L:3468] Re: accumulation: disequilibrium dynamics

Gerald Lev (glevy@pratt.edu)
Fri, 18 Oct 1996 06:16:44 -0700 (PDT)

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A few preliminary questions for Steve K re the model he summarized
verbally in [OPE-L:3465]:

(1) Is there competition in your model? If so, what form of competition
and how many branches of production?

(2) Is the size of the working population allowed to vary with
accumulation, e.g. is the size of the IRA a variable?

(3) You introduce banking in a basic model without technical change. Why
didn't you consider technical change *before* considering the finance
sector? I.e. isn't it the demand by firms for money capital so that
they can purchase additional v and additional and BETTER c under
conditions of technological change and competition that is a source
for the demand that capitalists have for borrowing funds from banks?

(4) You introduce effective demand, but you don't introduce technical
change. What is the logic behind this ordering?

In Solidarity,