ABSTRACT
in chapter 9, the overall "philosophy" of cyclical-critical growth was described, and a simple numerical model of two-sector growth presented. In that model—using the crucial assumptions of conjunctural competition, sectorally specific differences in perception of information, and thresholds of perception—conditions were derived in which a crisis of effective demand/disproportionality, or realization crisis, occurs. An alternative form of crisis origination, liquidation crisis—based on a fall in the full-realization rate of profit relative to recent experience—was also introduced. The two types of crisis origination are combined with the prey-and-predator profit cycle, and the resulting growth path charted using simulations. This was described in a summary way in that chapter. The task of this chapter is to present the simulation model in detail, both to tease some new insights out of it, and to indicate ways in which it may be extended and used to examine additional layers of complexity in the accumulation process.
