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An introductory overview of the methods, models and interdisciplinary links of artificial economics, a new way of doing economics.
List of contents
Introduction; Part I. Artificial Economics and Mainstream Economics: 1. The Artificial Agent; 2. Artificial Markets; 3. Artificial Games; 4. Artificial Economics versus Mathematics?; Part II. Complementary Topics and Discussions: 5. Artificial Intelligence; 6. Artificial Evolution; 7. Artificial Complexity; 8. Artificial Economics and the Agent/Structure Problem.
About the author
Ruben Mercado is a Professor at the Latin American Faculty of Social Sciences and a member of the editorial board for the journal Computational Economics. He holds a Ph.D. in economics from The University of Texas at Austin. His research specializes in computational economics, economic modeling and economic development. In the past, he has taught at the University of Texas at Austin, Bryn Mawr College, the Technological and Higher Studies Institute of Monterrey, and the Universities of Buenos Aires, Quilmes and San Martín. He has also been a Senior Economist at the United Nations Development Program, a Chair for the Study of Western Hemispheric Trade at the Lozano Long Institute of Latin American Studies, and a consultant for the World Bank and the Inter-American Development Bank. He is a co-author of the pioneering textbook Computational Economics (2006).
Summary
An introductory overview of the methods, models and interdisciplinary links of artificial economics. Addresses the differences between the assumptions and methods of artificial economics and those of mainstream economics. This is one of the first books to fully address, in an intuitive and conceptual form, this new way of doing economics.
Additional text
'Ruben Mercado's Artificial Economics is a readable, stimulating introduction to the modeling principles and to the main techniques used in this field. The book focuses on intuitive and conceptual aspects, and it is easily accessible to readers independently of their background. It presents the different techniques using selected, distilled examples, and it complements each approach with a discussion of its links to other disciplines in the social sciences that approach the same problems from different perspectives.' Segismundo Izquierdo, Universidad de Valladolid
