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Turing’s Economics-- A Birth Centennial Homage

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  • K. Vela Velupillai
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    Abstract

    In this paper, in homage to Alan Turing’s birth centennial, I try to develop what may be called Turing’s Economics. I characterize the contents of such an ‘economics’ in terms of the conceptual and mathematical tools developed by Alan Turing. It is shown, in more and less detail, how these concepts and tools could be used in core areas of economic theory to raise fundamental queries on claims of computability – and answer them precisely. The conclusion is that the field of Turing’s Economics would – should – contribute to a reorientation of economics in the direction of serious considerations of mathematical epistemology

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    File URL: http://www.assru.economia.unitn.it/files/DP_13_2012_II.pdf
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    Paper provided by ASSRU - Algorithmic Social Science Research Unit in its series ASSRU Discussion Papers with number 1224.

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    Date of creation: 2012
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    Handle: RePEc:trn:utwpas:1224

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    Keywords: Computability; Problem Solving; Undecidability; Epistemology; Computational economics;

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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. Francesco Luna, 2004. "Research and Development in Computable Production Functions," Metroeconomica, Wiley Blackwell, vol. 55(2-3), pages 180-194, 05.
    3. Leigh Tesfatsion, 2006. "Agent-Based Computational Economics: A Constructive Approach to Economic Theory," Computing in Economics and Finance 2006 527, Society for Computational Economics.
    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. 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.
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