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Introduction to the Phillips Machine and the Analogue Computing Tradition in Economics

  • K. Vela Velupillai
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    In this paper I try to argue for the desirability of analog computation in economics from a variety of perspectives, using the example of the Phillips Machine. Ultimately, a case is made for the underpinning of both analog and digital computing theory in constructive mathematics. Some conceptual confusion in the meaning of analog computing and its non-reliance on the theory of numerical analysis is also discussed.

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    Paper provided by ASSRU - Algorithmic Social Science Research Unit in its series ASSRU Discussion Papers with number 1008.

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    Date of creation: 2010
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    Handle: RePEc:trn:utwpas:1008
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    1. Robert W. Dimand & John Geanakoplos, 2005. "Celebrating Irving Fisher," American Journal of Economics and Sociology, Wiley Blackwell, vol. 64(1), pages 3-18, 01.
    2. Stefano Zambelli, 2010. "Flexible Accelerator Economic Systems as Coupled Oscillators," ASSRU Discussion Papers 1004, ASSRU - Algorithmic Social Science Research Unit.
    3. William C. Brainard & Herbert E. Scarf, 2000. "How to Compute Equilibrium Prices in 1891," Cowles Foundation Discussion Papers 1272, Cowles Foundation for Research in Economics, Yale University.
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