Publishing my initial model for hypercapitalism

skilesare

I posted a stupid question a couple of weeks ago and got some good feedback.

@ChristianKl suggested that I start building a model of hypercapitalism for people to play with. I have the first one ready! It isn't quite to the point where people can start submitting bots to play in the economy, but I think it shows that the idea is worth more thought.

Analysis:

http://www.hypercapital.info/news/2015/4/19/a-published-model-of-hypercapitalism

Runnable Code - fork it and mess around with it:

http://runnable.com/VTBkszswv6lIdEFR/hypercapitalism-sample-economy-for-node-js-and-hello-world

I'd love some more feedback and opinions.

A couple of other things for context:

hypercapital.info - all about hypercapitalism

Overcoming bias about our money

Information Theory and the Economy

I posted a stupid question a couple of weeks ago and got some good feedback.

Analysis:

http://www.hypercapital.info/news/2015/4/19/a-published-model-of-hypercapitalism

Runnable Code - fork it and mess around with it:

http://runnable.com/VTBkszswv6lIdEFR/hypercapitalism-sample-economy-for-node-js-and-hello-world

I'd love some more feedback and opinions.

A couple of other things for context:

hypercapital.info - all about hypercapitalism

Overcoming bias about our money

Information Theory and the Economy

The economic rent is in the fact that there wasn't an apple tree on your the walk to the store.

And we come full circle to me pointing out again that this is NOT the meaning in which mainstream economics uses the word "rent".

You do want to popularize your theory, right? That means explaining things using terminology that your target audience knows and understands. Unless you have a very good reason, changing the meaning of pretty standard terms leads to much confusion.

this is NOT the meaning in which mainstream economics uses the word "rent"

Wikipedia has an article on "economic rent", so it probably is an existing term, although I have never heard it before.

Seems like "rent" is an income from a (generally) limited resource, while "economic rent" is an extra income from a resource that (locally, temporarily) acts like a limited resource.

Just like apples are generally not a limited resource, but if you need an apple, and your time is limited, and there is only one shop on your wa... (read more)

5skilesare11y

Hmm...I'll have to look into this more. There certainly is a difference between 'rent' and 'economic rent'. I'm really don't think I'm misusing economic rent. You can call it profit if you want. In the model, some nodes have a better ability to extract profit than others. Or we can call it 'make moneyness'.