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Is Economics Entering its Post-Witchcraft Era?

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Author Info
Potgieter, Petrus H.
Rosinger, Elemér E.
Abstract

Recently, an awareness is emerging in economics about the fact that important problems are not solvable algorithmically, that is, by any finite number of steps. This statement can be made mathematically exact and this paper reviews the contributions that have been made in this regard, related to standard topics in economics.

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File URL: http://mpra.ub.uni-muenchen.de/3340/
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File URL: http://mpra.ub.uni-muenchen.de/5402/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 3340.

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Date of creation: 25 May 2007
Date of revision: 22 Oct 2007
Handle: RePEc:pra:mprapa:3340

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Related research
Keywords: Computability economics general equilibrium theory Arrow's impossibility theorem Debreu's theorem Game Theory Malleus Maleficiarum

Find related papers by JEL classification:
A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Richter, Marcel K. & Wong, Kam-Chau, 1999. "Computable preference and utility," Journal of Mathematical Economics, Elsevier, vol. 32(3), pages 339-354, November. [Downloadable!] (restricted)
  2. Bridges, Douglas S. & Richman, Fred, 1991. "A recursive counterexample to Debreu's theorem on the existence of a utility function," Mathematical Social Sciences, Elsevier, vol. 21(2), pages 179-182, April. [Downloadable!] (restricted)
  3. Rassenti, Stephen & Reynolds, Stanley S. & Smith, Vernon L. & Szidarovszky, Ferenc, 2000. "Adaptation and convergence of behavior in repeated experimental Cournot games," Journal of Economic Behavior & Organization, Elsevier, vol. 41(2), pages 117-146, February. [Downloadable!] (restricted)
  4. H. Reiju Mihara, 1997. "Arrow's Theorem, countably many agents, and more visible invisible dictators," Public Economics 9705001, EconWPA, revised 07 May 1997. [Downloadable!]
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This page was last updated on 2008-11-17.


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