> Thanks for that summary. I have to say, this looks (like Parecon) to be
> a very complicated system for simulating a market, while the market is
> itself a complicated system for simulating a planned economy (planned by
> Walras's auctioneer). This seems like a remarkable waste of effort.
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Capitalism is not a simulation of anything.
IIRC, there was a discussion a few years ago on pen-l as to whether Walras even mentioned an auctioneer and the answer was no. You'd have to check the archives or ask Michael Perelman for more info.
Ian