Computable Constructive Behavioural Economic Dynamics

Author : Stefano Zambelli
Publisher : Routledge
ISBN 13 : 1135272530
Total Pages : 464 pages
Book Rating : 4.31/5 ( download)

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Download or read book Computable, Constructive & Behavioural Economic Dynamics written by Stefano Zambelli and published by Routledge. This book was released on 2010-02-25 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book contains thirty original articles dealing with important aspects of theoretical as well as applied economic theory. While the principal focus is on: the computational and algorithmic nature of economic dynamics; individual as well as collective decision process and rational behavior, some contributions emphasize also the importance of classical recursion theory and constructive mathematics for dynamical systems, business cycles theories, growth theories, and others are in the area of history of thought, methodology and behavioural economics. The contributors range from Nobel Laureates to the promising new generation of innovative thinkers. This volume is also a Festschrift in honour of Professor Kumaraswamy Vela Velupillai, the founder of Computable Economics, a growing field of research where important results stemming from classical recursion theory and constructive mathematics are applied to economic theory. The aim and hope is to provide new tools for economic modelling. This book will be of particular appeal to postgraduate students and scholars in one or more of the following fields: computable economics, business cycles, macroeconomics, growth theories, methodology, behavioural economics, financial economics, experimental and agent based economics. It might be also of importance to those interested on the general theme of algorithmic foundations for social sciences.

Author : Stefano Zambelli
Publisher : Routledge
ISBN 13 : 1135272522
Total Pages : 812 pages
Book Rating : 4.24/5 ( download)

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Download or read book Computable, Constructive & Behavioural Economic Dynamics written by Stefano Zambelli and published by Routledge. This book was released on 2010-02-25 with total page 812 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book contains thirty original articles dealing with important aspects of theoretical as well as applied economic theory. While the principal focus is on: the computational and algorithmic nature of economic dynamics; individual as well as collective decision process and rational behavior, some contributions emphasize also the importance of classical recursion theory and constructive mathematics for dynamical systems, business cycles theories, growth theories, and others are in the area of history of thought, methodology and behavioural economics. The contributors range from Nobel Laureates to the promising new generation of innovative thinkers. This volume is also a Festschrift in honour of Professor Kumaraswamy Vela Velupillai, the founder of Computable Economics, a growing field of research where important results stemming from classical recursion theory and constructive mathematics are applied to economic theory. The aim and hope is to provide new tools for economic modelling. This book will be of particular appeal to postgraduate students and scholars in one or more of the following fields: computable economics, business cycles, macroeconomics, growth theories, methodology, behavioural economics, financial economics, experimental and agent based economics. It might be also of importance to those interested on the general theme of algorithmic foundations for social sciences.

Author : K. Vela Velupillai
Publisher : Routledge
ISBN 13 : 1134253370
Total Pages : 513 pages
Book Rating : 4.71/5 ( download)

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Download or read book Computable Foundations for Economics written by K. Vela Velupillai and published by Routledge. This book was released on 2012-07-26 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: Computable Foundations for Economics is a unified collection of essays, some of which are published here for the first time and all of which have been updated for this book, on an approach to economic theory from the point of view of algorithmic mathematics. By algorithmic mathematics the author means computability theory and constructive mathematics. This is in contrast to orthodox mathematical economics and game theory, which are formalised with the mathematics of real analysis, underpinned by what is called the ZFC formalism, i.e., set theory with the axiom of choice. This reliance on ordinary real analysis and the ZFC system makes economic theory in its current mathematical mode completely non-algorithmic, which means it is numerically meaningless. The book provides a systematic attempt to dissect and expose the non-algorithmic content of orthodox mathematical economics and game theory and suggests a reformalization on the basis of a strictly rigorous algorithmic mathematics. This removes the current schizophrenia in mathematical economics and game theory, where theory is entirely divorced from algorithmic applicability – for experimental and computational exercises. The chapters demonstrate the uncomputability and non-constructivity of core areas of general equilibrium theory, game theory and recursive macroeconomics. The book also provides a fresh look at the kind of behavioural economics that lies behind Herbert Simon’s work, and resurrects a role for the noble classical traditions of induction and verification, viewed and formalised, now, algorithmically. It will therefore be of particular interest to postgraduate students and researchers in algorithmic economics, game theory and classical behavioural economics.

Author : Kumaraswamy Velupillai
Publisher : Springer Nature
ISBN 13 : 3030581314
Total Pages : 447 pages
Book Rating : 4.12/5 ( download)

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Download or read book Keynesian, Sraffian, Computable and Dynamic Economics written by Kumaraswamy Velupillai and published by Springer Nature. This book was released on 2021-03-08 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores an alternative approach to the conventional, market-based, view of economic theory and economic policy, at theoretical, numerical and applicable levels. The chapters provide a theoretical, empirical, and algorithmic approach to marcodynamics, Sraffian economics, and current policy issues. Post-Keynesian macroeconomics, business cycle theory, the trade cycle, microfoundations, and the Philips Machine are also covered. This book aims to challenge orthodox ideas and provide a lens through which to honour the work of Stefano Zambelli. It will be of relevant to students and academics interested in economics.

Author : Stefano Zambelli
Publisher : John Wiley & Sons
ISBN 13 : 1118300432
Total Pages : 352 pages
Book Rating : 4.35/5 ( download)

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Download or read book Nonlinearity, Complexity and Randomness in Economics written by Stefano Zambelli and published by John Wiley & Sons. This book was released on 2012-01-17 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nonlinearity, Complexity and Randomness in Economics presents a variety of papers by leading economists, scientists, and philosophers who focus on different aspects of nonlinearity, complexity and randomness, and their implications for economics. A theme of the book is that economics should be based on algorithmic, computable mathematical foundations. Features an interdisciplinary collection of papers by economists, scientists, and philosophers Presents new approaches to macroeconomic modelling, agent-based modelling, financial markets, and emergent complexity Reveals how economics today must be based on algorithmic, computable mathematical foundations

Author : Ajit Sinha
Publisher : Springer Nature
ISBN 13 : 303047206X
Total Pages : 611 pages
Book Rating : 4.61/5 ( download)

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Download or read book A Reflection on Sraffa’s Revolution in Economic Theory written by Ajit Sinha and published by Springer Nature. This book was released on 2021-06-02 with total page 611 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a substantial collection of essays from a wide range of well respected scholars addressing several aspects of Piero Sraffa’s economics in light of continuing controversies over the interpretation that should be placed on his work. It moves beyond extant scholarship with an added emphasis on the philosophical dimension of Sraffa’s seminal work, Production of Commodities by Means of Commodities. Contributors probe new ways of thinking about the political economy of Sraffa and in doing so, alongside the comments to each contribution by other scholars, provide a cutting edge debate and discussion on non-mainstream economic theory. This book will be of interest to academics and advanced graduate students in economics, with additional interest from scholars in philosophy and the methodology of science.

Author : Thomas Boylan
Publisher : Routledge
ISBN 13 : 1136462015
Total Pages : 305 pages
Book Rating : 4.16/5 ( download)

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Download or read book Hahn and Economic Methodology written by Thomas Boylan and published by Routledge. This book was released on 2012-03-15 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hahn on Methodology: The Quest for Understanding addresses two fundamental questions: (i) what is distinctive about economic theorising?; (ii) what is the cognitive value of the outcome of this activity of economic theorising, i.e. economic theory. We will argue that for Hahn, economic theorising is distinctive with respect to four dimensions. Firstly, the aim of economic theory is neither to describe nor explain the real economic world, as in the physical sciences. Rather the aim is to achieve objective, but non-scientific, understanding. Secondly, the central question for economic theory remains for Hahn how to understand, but not to predict as in physics for instance, how decentralised choices interact and perhaps get co-ordinated. Thirdly, Hahn identifies ‘three commitments’ without which, he argues, economic theorising for him is not possible. Finally, economic theorising has a distinctive approach, which Hahn calls its ‘grammar of argumentation’ .

Author : J. Barkley Rosser
Publisher : Springer Science & Business Media
ISBN 13 : 1441988289
Total Pages : 325 pages
Book Rating : 4.87/5 ( download)

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Download or read book Complex Evolutionary Dynamics in Urban-Regional and Ecologic-Economic Systems written by J. Barkley Rosser and published by Springer Science & Business Media. This book was released on 2011-06-22 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the middle chapters from the first edition of J. Barkley Rosser's seminal work, From Catastrophe to Chaos, this book presents an unusual perspective on economics and economic analysis. Current economic theory largely depends upon assuming that the world is fundamentally continuous. However, an increasing amount of economic research has been done using approaches that allow for discontinuities such as catastrophe theory, chaos theory, synergetics, and fractal geometry. The spread of such approaches across a variety of disciplines of thought has constituted a virtual intellectual revolution in recent years. This book reviews the applications of these approaches in various subdisciplines of economics and draws upon past economic thinkers to develop an integrated view of economics as a whole from the perspective of inherent discontinuity.

Author : Sergey Khrissanoff
Publisher : FriesenPress
ISBN 13 : 1460207939
Total Pages : 625 pages
Book Rating : 4.32/5 ( download)

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Download or read book Economic Dynamics written by Sergey Khrissanoff and published by FriesenPress. This book was released on 2013 with total page 625 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics is considered as the commodity-financial exchange process. Two parallel networks are processed: commodity-production and financial. Economics is the set of the production-consumption elements and the channels or connections among them. Market is the transference process through the channels. The financial network processing is the reflection of the commodity-production network processing. The couples of the production and financial equations are based on the algebra of the multi-dimensional matrices. Different levels of the economics (micro-, macro-, global-) have the similar structures of difference dynamic equations.

Author : Sergey Khrissanoff
Publisher : FriesenPress
ISBN 13 : 1460267281
Total Pages : 576 pages
Book Rating : 4.88/5 ( download)

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Download or read book Methods in economic dynamics written by Sergey Khrissanoff and published by FriesenPress. This book was released on 2015-06-01 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic relations are considered as commodity-financial exchange process. Economic network is consisted of two parallel networks: commodity-production network and financial one. Economic network is the set of the production-consumption elements and the channels of connections among them. Market is the process of commodity transference through the channels. The financial network processing is the reflection of the commodity-production network processing. The pair of the production and financial equations is based on the algebra of cubic matrices. Different levels of the economics (micro-, macro-) have the similar structures of the difference equations which are the representation of economics as the dynamic systems in random media.