Equilibrium/dynamic equations for economics?
Currently reading Capital volume 1 by Marx. One of my gripes throughout reading is that it seems that he treats his equations as stagnant. Many of his thoughts from my perspective treat owners/companies individually instead of as competitors.
I was wondering if there’s any equation/visualization that takes the variables of one company and compares them to another one.
This makes more sense to me personally, but Marx criticizes increased productivity leading to lower prices as a “contradiction” in the capitalist mode, as you want to try to maximize the capital you gain. This criticism works I suppose in a vacuum, but when competition is factored in, you realize that lowering costs gets you more of a market share, and therefore more surplus value/capital by selling more commodities.
I’ve only read 12 chapters so I’ll give him the benefit of the doubt that he will eventually get to comparing the capitalists he complains about in the market as competitors against each other, but the lack of factoring in market competition between capitalists is just something I noticed in the first third of the book.
If someone thinks I am misrepresenting Marx, let me know.
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