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Turing's Economics. A Birth Centennial Homage

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  • Velupillai Kumaraswamy Vela
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    Abstract

    In this paper, in homage to Alan Turing's birth centennial, I try to develop what may be calledTuring's Economics. I characterize the contents of such an «economics» in terms of the conceptualand mathematical tools developed by Alan Turing. It is shown, in more and less detail, how these conceptsand tools could be used in core areas of economic theory to raise fundamental queries on claimsof computability - and answer them precisely. The conclusion is that the field of Turing's Economicswould - should - contribute to a reorientation of economics in the direction of serious considerations ofmathematical epistemology.

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    Bibliographic Info

    Article provided by Società editrice il Mulino in its journal Economia politica.

    Volume (Year): (2013)
    Issue (Month): 1 ()
    Pages: 13-32

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    Handle: RePEc:mul:jb33yl:doi:10.1428/73098:y:2013:i:1:p:13-32

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    Keywords: J.E.L. B41; C63; C65; C68; D58;

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    1. Stefano Zambelli, 2004. "Production of Ideas by Means of Ideas: A Turing Machine Metaphor," Metroeconomica, Wiley Blackwell, vol. 55(2-3), pages 155-179, 05.
    2. Tesfatsion, Leigh, 2006. "Agent-Based Computational Economics: A Constructive Approach to Economic Theory," Handbook of Computational Economics, in: Leigh Tesfatsion & Kenneth L. Judd (ed.), Handbook of Computational Economics, edition 1, volume 2, chapter 16, pages 831-880 Elsevier.
    3. Dixon, Peter B. & Parmenter, B.R., 1996. "Computable general equilibrium modelling for policy analysis and forecasting," Handbook of Computational Economics, in: H. M. Amman & D. A. Kendrick & J. Rust (ed.), Handbook of Computational Economics, edition 1, volume 1, chapter 1, pages 3-85 Elsevier.
    4. K.Vela Velupillai, 2012. "The Epistemology of Simulation, Computation and Dynamics in Economics," ASSRU Discussion Papers 1218, ASSRU - Algorithmic Social Science Research Unit.
    5. Francesco Luna, 2004. "Research and Development in Computable Production Functions," Metroeconomica, Wiley Blackwell, vol. 55(2-3), pages 180-194, 05.
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