Affiliations: The New School for Social Research, New York, NY, USA | College of Technology, The City University of New York, New York, NY, USA
Abstract: Bertrand Munier is one of the world's leading experts on bounded rationality, international economics, and the financialization of commodities markets. In this paper, we examine some major issues regarding agent based modeling of commodity markets. We discuss how Munier's market mechanism is positioned with respect to classical market theories, evaluate Munier's assertions on trend and volatility of commodity prices, and propose that alternative financial mechanism might be considered more fully in the analysis of the financialization of these markets. Finally, we conclude that commodity markets may prove somewhat more complex than Munier's assumptions would allow for.
