IDEAS home Printed from https://ideas.repec.org/a/bla/metroe/v55y2004i2-3p239-264.html
   My bibliography  Save this article

Economic Dynamics and Computation—Resurrecting the Icarus Tradition

Author

Listed:
  • K. Vela Velupillai

Abstract

Computation over the reals, without abandoning the paradigm of the digital computer, raises difficult issues at the interface between recursion theory, numerical analysis and dynamical systems. In this paper an attempt is made to provide economic and mathematical justifications for returning to the analogue computing traditions that were once felicitously practised in economics.

Suggested Citation

  • K. Vela Velupillai, 2004. "Economic Dynamics and Computation—Resurrecting the Icarus Tradition," Metroeconomica, Wiley Blackwell, vol. 55(2‐3), pages 239-264, May.
    • Handle: RePEc:bla:metroe:v:55:y:2004:i:2-3:p:239-264
    DOI: 10.1111/j.0026-1386.2004.00192.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.0026-1386.2004.00192.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.0026-1386.2004.00192.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lange, Oskar, 1970. "Introduction to Economic Cybernetics," Elsevier Monographs, Elsevier, edition 1, number 9780080066523.
    2. Hugo Sonnenschein, 1973. "The Utility Hypothesis and Market Demand Theory," Discussion Papers 51, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. K. Vela Velupillai, 2008. "JAPANESE CONTRIBUTIONS TO NONLINEAR CYCLE THEORY IN THE 1950s," The Japanese Economic Review, Japanese Economic Association, vol. 59(1), pages 54-74, March.
    2. Troy Tassier, 2013. "Handbook of Research on Complexity, by J. Barkley Rosser, Jr. and Edward Elgar," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 39(1), pages 132-133.
    3. K. Vela Velupillai, 2007. "A Computable Economist�s Perspective on Computational Complexity," Department of Economics Working Papers 0723, Department of Economics, University of Trento, Italia.
    4. Kumaraswamy Velupillai, 2003. "Economics and the complexity vision: chimerical partners or elysian adventurers," Department of Economics Working Papers 0307, Department of Economics, University of Trento, Italia.
    5. Antonio Doria, Francisco, 2011. "J.B. Rosser Jr. , Handbook of Research on Complexity, Edward Elgar, Cheltenham, UK--Northampton, MA, USA (2009) 436 + viii pp., index, ISBN 978 1 84542 089 5 (cased)," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1-2), pages 196-204, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Buda, Rodolphe, 1999. "Market Exchange Modelling Experiment, Simulation Algorithms, and Theoretical Analysis," MPRA Paper 4196, University Library of Munich, Germany, revised 2000.
    2. Chiappori, Pierre-Andre & Ekeland, Ivar & Browning, Martin, 2007. "Local disaggregation of negative demand and excess demand functions," Journal of Mathematical Economics, Elsevier, vol. 43(6), pages 764-770, August.
    3. Gibson, Clark C. & Ostrom, Elinor & Ahn, T. K., 2000. "The concept of scale and the human dimensions of global change: a survey," Ecological Economics, Elsevier, vol. 32(2), pages 217-239, February.
    4. Kenneth W. Clements & E. A. Selvanathan & Saroja Selvanathan, 1992. "Henri Theil’s Contributions to Demand Analysis," Palgrave Macmillan Books, in: Ronald Bewley & Tran Hoa (ed.), Contributions to Consumer Demand and Econometrics, chapter 5, pages 74-104, Palgrave Macmillan.
    5. Buda, Rodolphe, 1999. "Quantitative Economic Modeling vs Methodological Individualism ?," MPRA Paper 4004, University Library of Munich, Germany.
    6. Xindong He & Linhong Wu & Guoqiang Shen & Xingfan Peng & Lei Huang, 2023. "A Spatiotemporal Analysis of Ecological–Economic Coupling Coordination in the Chengdu–Chongqing Urban Agglomeration," Land, MDPI, vol. 12(7), pages 1-20, July.
    7. Stoker, Thomas M., 1982. "Completeness, distribution restrictions and the form of aggregate functions," Working papers 1345-82., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    8. Hubert Gabrisch, 2020. "Elements, origins and future of Great Transformations: Eastern Europe and global capitalism," The Economic and Labour Relations Review, , vol. 31(2), pages 172-190, June.
    9. Kesavan, Thulasiram, 1988. "Monte Carlo experiments of market demand theory," ISU General Staff Papers 198801010800009854, Iowa State University, Department of Economics.
    10. Wang, Baotai & Klein, Erwin & Rao, U. L. Gouranga, 1995. "Inflation and stabilization in Argentina," Economic Modelling, Elsevier, vol. 12(4), pages 391-413, October.
    11. Sabiou M. Inoua & Vernon L. Smith, 2020. "Adam Smith’s Theory of Value: A Reappraisal of Classical Price Discovery," Working Papers 20-10, Chapman University, Economic Science Institute.
    12. Bottazzi, Jean-Marc & Hens, Thorsten & Loffler, Andreas, 1998. "Market Demand Functions in the Capital Asset Pricing Model," Journal of Economic Theory, Elsevier, vol. 79(2), pages 192-206, April.
    13. Vernon L. Smith & Sabiou M. Inoua, 2019. "Classical Economics: Lost and Found," Working Papers 19-15, Chapman University, Economic Science Institute.
    14. Y Veneris, 1993. "Reliable Design under Conflicting Social Values," Environment and Planning B, , vol. 20(2), pages 145-162, April.
    15. K. Vela Velupillai, 2011. "The Phillips Machine, the Analogue Computing Tradition in Economics and Computability," Economia politica, Società editrice il Mulino, issue 1, pages 39-62.
    16. Lehmann-Waffenschmidt, Marco, 1995. "On the equilibrium price set of a continuous perturbation of exchange economies," Journal of Mathematical Economics, Elsevier, vol. 24(5), pages 497-519.
    17. Cornelis A. Los, 2005. "The Degree of Stability of Price Diffusion," Finance 0508006, University Library of Munich, Germany.
    18. P. A. Chiappori & I. Ekeland, 1999. "Aggregation and Market Demand: An Exterior Differential Calculus Viewpoint," Econometrica, Econometric Society, vol. 67(6), pages 1435-1458, November.
    19. K. Vela Velupillai & Stefano Zambelli, 2011. "Computing in Economics," Chapters, in: John B. Davis & D. Wade Hands (ed.), The Elgar Companion to Recent Economic Methodology, chapter 12, Edward Elgar Publishing.
    20. Lokshin, Michael, 2009. "A survey of poverty research in Russia: Does it follow the scientific method?," Economic Systems, Elsevier, vol. 33(3), pages 191-212, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:metroe:v:55:y:2004:i:2-3:p:239-264. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0026-1386 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.