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Emmanuel Farjoun and Moshe Machover: Laws of Chaos (Probabilistic Political Economy ) (1983)

Emmanuel Farjoun and Moshe Machover: Laws of Chaos (Probabilistic Political Economy ) (1983)

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Probabilistic Political Economy "Laws of Chaos" in the 21st Century https://sites.google.com/site/iwright/probabilisticpoliticaleconomy The publication in 1983 of "Laws of Chaos, A Probabilistic Approach to Political Economy" by Emmanuel Farjoun and Moshe Machover was an event of genuine theoretical innovation in the field of political economy. The book was a response to the impasse reached by the input-output method of representing an economy, in particular when applied to the theory of economic value. Farjoun and Machover's innovations include the systematic introduction of probabilistic modelling, statistical mechanics, and probabilistic laws to the field of political economy. They rejected the adequacy of deterministic models to capture essential features of a dynamic and distributed market economy, which they viewed as a complex system characterised by a huge number of degrees of freedom. Employing probabilistic arguments, Farjoun and Machover developed a broad model of the capitalist economy that, in contrast to deterministic approaches, had a more immediate connection to empirical reality and yielded important and theoretically distinct, macroeconomic conclusions, including probabilistic laws governing the relationship between price and labour-content, the distribution of the profit rate, and the tendency of labour productivity to increase. La publicación en 1983 de "Laws of Chaos, A Probabilistic Approach to Political Economy" (Leyes del Caos, un enfoque probabilístico a la Economía Política), de Emmanuel Farjoun y Moshe Machover, fue un acontecimiento de verdadera innovación teórica en el campo de la economía política. El libro era una respuesta al impasse alcanzado por el método de matrices de entradas-salidas(input-output) de representar un sistema económico, en particular cuando se aplica a la teoría del valor económico. Las innovaciones Farjoun y Machover incluyen la introducción sistémica de modelos probabilísticos, basados en mecánica estadística y en leyes probabilísticas en el campo de la economía política. Rechazaron que los modelos deterministas sean adecuados para capturar las características esenciales de una economía de mercado dinámica y distribuida, que se la considera como un sistema complejo, caracterizado por un gran número de grados de libertad. El empleo de argumentos probabilísticos por parte de Farjoun y Machover, ha permitido el desarrollo de un modelo general de la economía capitalista que, en contraste con los enfoques deterministas, tenía una relación más inmediata con la realidad empírica y dio paso a un importante y distinto desarrollo teórico, a conclusiones macroeconómicas, incluidas las leyes probabilísticas que rigen la relación entre el precio y de mano del contenido del Valor-Trabajo, la distribución de la tasa de ganancia, y la tendencia a incrementar de la productividad del trabajo.

Probabilistic Political Economy "Laws of Chaos" in the 21st Century https://sites.google.com/site/iwright/probabilisticpoliticaleconomy The publication in 1983 of "Laws of Chaos, A Probabilistic Approach to Political Economy" by Emmanuel Farjoun and Moshe Machover was an event of genuine theoretical innovation in the field of political economy. The book was a response to the impasse reached by the input-output method of representing an economy, in particular when applied to the theory of economic value. Farjoun and Machover's innovations include the systematic introduction of probabilistic modelling, statistical mechanics, and probabilistic laws to the field of political economy. They rejected the adequacy of deterministic models to capture essential features of a dynamic and distributed market economy, which they viewed as a complex system characterised by a huge number of degrees of freedom. Employing probabilistic arguments, Farjoun and Machover developed a broad model of the capitalist economy that, in contrast to deterministic approaches, had a more immediate connection to empirical reality and yielded important and theoretically distinct, macroeconomic conclusions, including probabilistic laws governing the relationship between price and labour-content, the distribution of the profit rate, and the tendency of labour productivity to increase. La publicación en 1983 de "Laws of Chaos, A Probabilistic Approach to Political Economy" (Leyes del Caos, un enfoque probabilístico a la Economía Política), de Emmanuel Farjoun y Moshe Machover, fue un acontecimiento de verdadera innovación teórica en el campo de la economía política. El libro era una respuesta al impasse alcanzado por el método de matrices de entradas-salidas(input-output) de representar un sistema económico, en particular cuando se aplica a la teoría del valor económico. Las innovaciones Farjoun y Machover incluyen la introducción sistémica de modelos probabilísticos, basados en mecánica estadística y en leyes probabilísticas en el campo de la economía política. Rechazaron que los modelos deterministas sean adecuados para capturar las características esenciales de una economía de mercado dinámica y distribuida, que se la considera como un sistema complejo, caracterizado por un gran número de grados de libertad. El empleo de argumentos probabilísticos por parte de Farjoun y Machover, ha permitido el desarrollo de un modelo general de la economía capitalista que, en contraste con los enfoques deterministas, tenía una relación más inmediata con la realidad empírica y dio paso a un importante y distinto desarrollo teórico, a conclusiones macroeconómicas, incluidas las leyes probabilísticas que rigen la relación entre el precio y de mano del contenido del Valor-Trabajo, la distribución de la tasa de ganancia, y la tendencia a incrementar de la productividad del trabajo.

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Published by: Rodolfo J. Rodríguez R. on Dec 03, 2012
Copyright:Attribution Non-commercial

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09/17/2013

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OF
A
PROBABILISTIC
APPROAa
10
POIdTIcAL
EcoNoMy
EMMANUEL
Fm
AND
 
Emmanuel Farjoun,
born in 1944, is
a
professor
of
mathematics atthe Hebrew University of Jerusalem.
Moshe
Machover
was born in 1936. He has taught mathematics inthe Universities of Jerusalem and Bristol. He is now
a
Reader inMathematical Logic in the Department of History and Philosophy
of
Science at Chelsea College, London University.Both authors were born in Palestine, are activists
of
the SocialistOrganization in Israel
(MATZPEN)
and are editors of
Kharnsin,
thesocialist journal of Middle Eastern studies.
V
 
Emmanuel FarjounMoshC Machover
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