One minute I’m being told the problem is impossible to solve, the next minute I’m being told its solved already… hmmmm…
Total shekels spent / number of sandwiches
Presumably this must be “per unit of time”.. lets say 1 week. But the number of shekels spent in a week is not clear. It could easily be more than the total shekels in existence because the money can get spent repeatedly… or it could be much less than the total shekels in existence.
Total shekels spent = Total shekel units * velocity.
Fine now?
you have programmed a hunger function right?
and be sure to make some of your robot consumers fussy eaters
loltastic
Unfortunately value does not have any direct relation with the number of labor hours that goes into making a product or service. So, you search will be vain.
And I keep wondering how this paragraph in any way illustrates the case you put forward in the first paragraph. Please explain.
Me too. Also it seems like this is an awfully violent set of assumptions.
That formulation suffers from the same sort of problem. I don’t think LvM would have pronounced the problem impossible to solve, if it were that easy.
I guess the ultimate question I want to answer is “how much do things cost”, and I’m not talking about “right now” and “in dollars” because the answer would be too easy (I’d just look at the prices in the shops and I’d have my answer). What I mean is the more general question “how much would things cost, given a currency system X, and at time T”. This question would be my ultimate aim, and I can see a path to getting there, but just for now I’m going to create a drastically simplified form of this question and try and answer that (a journey of a thousand miles has to start with a first step). That simplified version is my “sandwich society” question.
Does that help?
ok enjoy your model building. just dont expect it to mean anything when you are done. cya in 50 years.
Again, if you are simply looking for a model that takes set of preferences, each associated with an agent, and a given endowment of money and assets, then there are many, many versions of this that have already been explored. It’s a tradition with a very long history and many variants, going back to Walras. I won’t give any specific references, since a quick search on google scholar will give you some papers.
Are you trying to predict how human beings would act in the future? That’s impossible to know.
Well this has been my problem all along - I’m generally pretty good with google, but I have no idea what to search for - I don’t know what this problem is called 
By the way I want to make it clear what I’m not interested in. I’m not interested in papers which are about the relative price of one type of good compared to another. I’m also not interested if the currency is gold or otherwise non-fiat. I’m also not interested if the paper is only about changes in price over time. I’m only interested in papers about how goods attain their nominal price in the first place.
marginal pairs, lol.
Here’s my prediction about your behavior: I predict that you will not commit suicide in the next 5 minutes. If I get a reply I’ll know I was right 
Please stop lol’ing at me, are you a child?
Saying “marginal pairs” is insufficient to solve the sandwich society problem.
You might be right with this kind of predictions 99 out of 100 times. How do you make the same thing happen within a real economy with people buying and selling goods? And what’s the purpose behind your attempt to predict human behavior?
mickanomics, what you’re proposing sounds to me to be something similar to what Enrico Barone proposed in the calculation debate. Barone assumed he had all information required, like for example: consumer preferences, available factors of production, etc., and with all this he could solve the calculation problem by sorting out the differential equation that brings about the best possible allocation of available resources. Okay, it’s possible to have the best allocation of resources when you have all required data, but the problem is in the real world you don’t get so much data. The best one can do is trust the pricing system, with all it’s defects and let entrepreneurs do the job of producing and allocating resources.
I reiterate, nominal prices depend on the preference scale of consumers. It’s merely an application of the subjective theory of value.
Well its tricky and I won’t be 100% accurate - its just a matter of degree.
Peter Schiff is forever making predictions about what people are going to do in the future, would you criticize him for that?
I’d prefer to say model rather than predict, because in the most part the behaviors involved in my sandwich society are simply the types of behaviors that one could have observed in real people every day for millennia. For example people tend to seek food when they are hungry. Is that really a prediction?
The purpose of my modelling of peoples behavior is to anser the sandwich society question.
I’ve got to get back to work right now…