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Computational Economics and Economic Theory: Substitutes or Complements

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  • Kenneth L. Judd

Abstract

This essay examines the idea and potential of a computational approach to theory,' discusses methodological issues raised by such computational methods, and outlines the problems associated with the dissemination of computational methods and the exposition of computational results. We argue that the study of a theory need not be confined to proving theorems, that current and future computer technologies create new possibilities for theoretical analysis, and that by resolving these issues we can create an intellectual atmosphere in which computational methods will make substantial contributions to economic analysis.

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File URL: http://www.nber.org/papers/t0208.pdf
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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Technical Working Papers with number 0208.

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Date of creation: Feb 1997
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Publication status: published as Judd, Kenneth L. "Computational Economics And Economic Theory Substitutes Or Complements?," Journal of Economic Dynamics and Control, 1997, v21(6,Jun), 907-942.
Handle: RePEc:nbr:nberte:0208

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