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Parallel Processing Economic System Composed of Individuals under Satisfying Principle

In: Complexity and Diversity

Author

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  • Masaaki Yoshida

    (Senshu Univ., Dept. of Economics)

Abstract

If we treat time as an irreversible flow, then neoclassical economics which interpret our economy as an equilibrium of behaviors of optimizing agents cannot serve even an approximation. It is because that the neoclassical equilibrium system cannot be attained in the case that each agent makes irreversible decision independently as in our actural economy. To comprehend such an economy appropriately, we constructed a parallel processing economic model composed of agents under satisfying principle in Keynes’ text and made a simulation system. This system serves a foundation to analize our economy as a complex system, and in addition provides a technical foundation for IO-analysis and a micro-foundation for the reproduction theory.

Suggested Citation

  • Masaaki Yoshida, 1997. "Parallel Processing Economic System Composed of Individuals under Satisfying Principle," Springer Books, in: Eiichi Ryoku Nakamura & Kiyoshi Kudo & Osamu Yamakawa & Yoichi Tamagawa (ed.), Complexity and Diversity, pages 196-198, Springer.
    • Handle: RePEc:spr:sprchp:978-4-431-66862-6_40
    DOI: 10.1007/978-4-431-66862-6_40
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