A microeconomic, agent based framework to dynamic economics is
formulated in a materialist approach. An axiomatic foundation of a
non-equilibrium microeconomics is outlined. Economic activity is
modelled as transformation and transport of commodities (materials)
owned by the agents. Rate of transformations (production intensity),
and the rate of transport (trade) are defined by the agents. Economic
decision rules are derived from the observed economic behaviour. The
non-linear equations are solved numerically for a model economy.
Numerical solutions for simple model economies suggest that the some of
the results of general equilibrium economics are consequences only of
the equilibrium hypothesis. We show that perfect competition of selfish
agents does not guarantee the stability of economic equilibrium, but
cooperativity is needed, too.
paper we wish to illustrate that Neumann’s economic model is in
with the thermodynamic description of chemical systems. It is not a
copy, but a
transformation to the special problem of equilibrium growth. It is not
application of thermodynamic results or formula but it is the
thermodynamics. That interpretation explains Neumann’s statement: “It
which type of theoretical model belongs to our assumptions”.
On the greatest