Computable Economics - The Arne Ryde Memorial Lectures

Zusatztext Velupillai's Lund lectures and his book represents a major contribution in the field of economic dynamic analysis. Dynamics is the author's lifelong research programme. Informationen zum Autor Kumaraswamy Velupillai, University of Trento and Madras School of Economics Klappentext In the field of economic analysis! computability in the formation of economic hypotheses is seen as the way forward. In this book! Professor Velupillai implements a theoretical research program along these lines. Choice theory! learning rational expectations equlibria! the persistence of adaptive behavior! arithmetical games! aspects of production theory! and economic dynamics are given recursion theoretic (i.e. computable) interpretations. Zusammenfassung In the field of economic analysis, computability in the formation of economic hypotheses is seen as the way forward. In this book, Professor Velupillai implements a theoretical research program along these lines. Choice theory, learning rational expectations equlibria, the persistence of adaptive behaviour, arithmetical games, aspects of production theory, and economic dynamics are given recursion theoretic (i.e. computable) interpretations. These interpretations lead to new kinds of questions being posed by the economic theorist. In particular, recurison theoretic decision problems replace standard optimisation paradigms in economic analysis. Economic theoretic questions, posed recursion-theoretically, lead to answers that are ambiguous: undecidable choices, uncomputable learning processes, and algorithmically unplayable games become standard answers. Professor Velupillai argues that a recursion theoretic formalisation of economic analysisComputable Economicsmakes the subject intrinsically inductive and computational.

Product details

• Authors: K. Velupillai, K. (Department of Economics and the Ce Velupillai, K. (Department of Economics and the Centre for Experimental and Computational Economics Velupillai, Kumaraswamy Velupillai, Velupillai K.
• Publisher: Oxford University Press
• Languages: English
• Product format: Hardback
• Released: 01.02.1999
• EAN: 9780198295273
• ISBN: 978-0-19-829527-3
• No. of pages: 236
• Series: Arne Ryde Memorial Lectures; Arne Ryde Memorial Lectures; Ryde Lectures
• Subjects: Social sciences, law, business > Business > Economics; BUSINESS & ECONOMICS / Economics / Theory, MATHEMATICS / Applied, COMPUTERS / Machine Theory, Economic theory & philosophy, Mathematical theory of computation, Applied mathematics, Economic theory and philosophy