IDEAS home Printed from https://ideas.repec.org/a/eee/jeborg/v70y2009i1-2p72-80.html
   My bibliography  Save this article

Can economic systems be seen as computing devices?

Author

Listed:
  • Bartholo, R.S.
  • Cosenza, C.A.N.
  • Doria, F.A.
  • de Lessa, C.T.R.

Abstract

We briefly discuss ideas about computable economics, and comment on the contributions of A.A. Lewis and K.V. Velupillai. We then sketch the mathematical background for the Tsuji et al. (Tsuji, M., da Costa, N.C.A., Doria, F.A., 1998. The incompleteness of theories of games. Journal of Philosophical Logic 27, 553-564) result on the undecidability and incompleteness of game theory and of the theory of competitive markets, using that result in the concluding sections of the paper to examine the (possible) empirical interpretation of economic and social systems as computing devices.

Suggested Citation

  • Bartholo, R.S. & Cosenza, C.A.N. & Doria, F.A. & de Lessa, C.T.R., 2009. "Can economic systems be seen as computing devices?," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 72-80, May.
  • Handle: RePEc:eee:jeborg:v:70:y:2009:i:1-2:p:72-80
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0167-2681(08)00206-0
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. K. Vela Velupillai, 2005. "The unreasonable ineffectiveness of mathematics in economics," Cambridge Journal of Economics, Oxford University Press, vol. 29(6), pages 849-872, November.
    2. Koppl, Roger, 2008. "Thinking impossible things: A review essay," Journal of Economic Behavior & Organization, Elsevier, vol. 66(3-4), pages 837-847, June.
    3. Prasad, Kislaya, 1991. "Computability and randomness of Nash equilibrium in infinite games," Journal of Mathematical Economics, Elsevier, vol. 20(5), pages 429-442.
    4. Stefano Zambelli, 2004. "Production of Ideas by Means of Ideas: A Turing Machine Metaphor," Metroeconomica, Wiley Blackwell, vol. 55(2-3), pages 155-179, May.
    5. K. Vela Velupillai, 2007. "Sraffa's Mathematical Economics - A Constructive Interpretation," Department of Economics Working Papers 0702, Department of Economics, University of Trento, Italia.
    6. Kislaya Prasad, 2004. "Constructive and Classical Models for Results in Economics and Game Theory," Metroeconomica, Wiley Blackwell, vol. 55(2-3), pages 141-154, May.
    7. Kumaraswamy Velupillai, "undated". "The Computable Approach to Economics," Working Papers _005, University of California at Los Angeles, Center for Computable Economics.
    8. K. Vela Velupillai, 2007. "Variations on the Theme of Conning in Mathematical Economics," Department of Economics Working Papers 0703, Department of Economics, University of Trento, Italia.
    9. Lewis, Alain A., 1992. "Some aspects of effectively constructive mathematics that are relevant to the foundations of neoclassical mathematical economics and theory of games," Mathematical Social Sciences, Elsevier, vol. 24(2-3), pages 209-235, November.
    10. Lewis, Alain A., 1992. "On turing degrees of Walrasian models and a general impossibility result in the theory of decision-making," Mathematical Social Sciences, Elsevier, vol. 24(2-3), pages 141-171, November.
    11. Kumaraswamy Velupillai, 2003. "Essays on computable economics, methodology and the philosophy of science," Department of Economics Working Papers 0308, Department of Economics, University of Trento, Italia.
    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. R. S. Bartholo & C. A. Cosenza & F. A. Doria & M. Doria & A. Teixeira, 2011. "On Exact and Approximate Solutions for Hard Problems: An Alternative Look," ASSRU Discussion Papers 1103, ASSRU - Algorithmic Social Science Research Unit.
    2. Koppl, Roger, 2010. "Some epistemological implications of economic complexity," Journal of Economic Behavior & Organization, Elsevier, vol. 76(3), pages 859-872, December.

    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:eee:jeborg:v:70:y:2009:i:1-2:p:72-80. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: http://www.elsevier.com/locate/jebo .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.