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Economic Dynamics and Computation—Resurrecting the Icarus Tradition

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  • 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.

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  • 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
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    References listed on IDEAS

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    1. Hugo Sonnenschein, 1973. "The Utility Hypothesis and Market Demand Theory," Discussion Papers 51, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    2. Lange, Oskar, 1970. "Introduction to Economic Cybernetics," Elsevier Monographs, Elsevier, edition 1, number 9780080066523.
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    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.

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