Computable Economics : The Arne Ryde Memorial Lectures [ electronic resource ] / by K. Velupillai.
By: Velupillai, K.
Material type:
TextPublisher: Oxford Scholarship Online, 2003ISBN: 9780198295273 ( e-book ).Subject(s): Economics and Finance | Macro- and Monetary EconomicsGenre/Form: Electronic booksOnline resources: https://doi.org/10.1093/0198295278.001.0001 View to click Summary: In a discipline such as economics, increasingly devoted to its computational content, the mathematical underpinnings of the computability assumptions of economic fundamentals have not been investigated systematically or reasonably exhaustively. In this book, such an attempt is made for the first time. Choice theory, adaptively rational behaviour, induction, learning, arithmetical games, computational complexity of decision processes, growth theory, and the theory of economic fluctuations are given recursion theoretic (i.e, computable) interpretations. Economic theoretic questions, posed recursion theoretically, lead to answers that are ambiguous: undecidable choices, uncomputable learning processes, algorithmically unplayable games, etc., become standard answers. The book also claims that a recursion theoretic formalization of economic analysis makes the subject intrinsically inductive and computational.
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E-Book
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WWW | Available | EB585 |
In a discipline such as economics, increasingly devoted to its computational content, the mathematical underpinnings of the computability assumptions of economic fundamentals have not been investigated systematically or reasonably exhaustively. In this book, such an attempt is made for the first time. Choice theory, adaptively rational behaviour, induction, learning, arithmetical games, computational complexity of decision processes, growth theory, and the theory of economic fluctuations are given recursion theoretic (i.e, computable) interpretations. Economic theoretic questions, posed recursion theoretically, lead to answers that are ambiguous: undecidable choices, uncomputable learning processes, algorithmically unplayable games, etc., become standard answers. The book also claims that a recursion theoretic formalization of economic analysis makes the subject intrinsically inductive and computational.
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