9780415586207: Computable Foundations for Economics
Brossura
ISBN 10: 0415586208 ISBN 13: 9780415586207
Casa editrice: Routledge, 2010

Sinossi

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.

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Informazioni sull?autore

Vela Velupillai is a Professor of Economics, both in the faculty of economics and in its graduate school, CIFREM, at the University of Trento, Italy. He is also a Senior Visiting Professor at the Madras School of Economics.

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Editore
Routledge
Data di pubblicazione
2010
Lingua
Inglese
ISBN 10 
0415586208
ISBN 13 
9780415586207
Rilegatura
Copertina flessibile
Numero edizione
1
Numero di pagine
500
Contatto del produttore
Routledge
https://www.routledge-ny.com/

Stockst?dter Str. 20
Gro?ostheim
Bayern
Germania

Altre edizioni note dello stesso titolo

9780415355674: Computable Foundations for Economics

Edizione in evidenza

ISBN 10:  0415355672 ISBN 13:  9780415355674
Casa editrice: Routledge, 2010
Rilegato