This monograph examines the domain of classical political economy using the methodologies developed in recent years both by the new discipline of econo-physics and by computing science. This approach is used to re-examine the classical subdivisions of political economy: production, exchange, distribution and finance. The book begins by examining the most basic feature of economic life – production – and asks what it is about physical laws that allows production to take place. How is it that human labour is able to modify the world? It looks at the role that information has played in the process of mass production and the extent to which human labour still remains a key resource. The Ricardian labour theory of value is re-examined in the light of econophysics, presenting agent based models in which the Ricardian theory of value appears as an emergent property. The authors present models giving rise to the class distribution of income, and the long term evolution of profit rates in market economies. Money is analysed using tools drawn both from computer science and the recent Chartalist school of financial theory. Covering a combination of techniques drawn from three areas, classical political economy, theoretical computer science and econophysics, to produce models that deepen our understanding of economic reality, this new title will be of interest to higher level doctoral and research students, as well as scientists working in the field of econophysics.
This book sets out to address some basic questions drawing from classical political economy and information theory and using an econophysics methodology: What is information? Why is it valuable? What is the relationship between money and information?
Divorced after twenty-three years, garden designer Liz Clarke returns to Greenwich, Connecticut expecting to find the haven of her childhood. Her nostalgic memories are interrupted when her pregnant goddaughter discovers the bloody body of the garden tour chairwoman and hysterically calls Liz rather than 911. She shifts her focus from dirt to detecting to save Melissa from suspicion. The kitchen garden she designed for the annual tour gives Liz access to the world in which the social-climbing victim Staci Hooper made enemies. With help from her Irish lover and country music fan Sean Healey, Liz digs into motives and alibis. Was Lawrence Hooper planning to replace his current trophy wife with an even younger version-the cross-country rider, Deb Norcross? Or did his lover's sister Jean whom Staci displaced in the garden club want revenge? Maybe Staci's own lover Franco Rizoldi needed to quiet her in order to safeguard his marriage. The killer continues his deadly attacks, terrifying those Liz needs to protect, and she vows to root out the evil invading her garden. When waiting for the police to find the murderer feels slower than watching grass grow, Liz sifts through the clues and uncovers a very nasty snake in the garden indeed-one that will kill again if necessary. Kathleen Gregory Klein gardens on five acres on the Ware River in Gloucester, Virginia.
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