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Seven Kinds of Computable and Constructive Infelicities in Economics

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  • K. Vela Velupillai

    (Tottvägen 11 (1 tr), 16954 Solna, Sweden)

Abstract

At least seven kinds of misconceptions about constructive and computable mathematics prevail in economics. In this paper, the infelicitous claims of computable or constructive frameworks for the excess demand functions of microeconomics, constructive general equilibrium theory and computable general equilibrium modeling, agent-based economics, search theory, game theory, index number theory and Neo Ricardian economics and the fundamental theorems of welfare economics are considered. The claims are shown to be misleading from the point of view of formal computability theory or constructive mathematics (especially but not only when based on Brouwerian Intuitionistic Logic).

Suggested Citation

  • K. Vela Velupillai, 2016. "Seven Kinds of Computable and Constructive Infelicities in Economics," New Mathematics and Natural Computation (NMNC), World Scientific Publishing Co. Pte. Ltd., vol. 12(03), pages 219-239, November.
    • Handle: RePEc:wsi:nmncxx:v:12:y:2016:i:03:n:s1793005716500150
    DOI: 10.1142/S1793005716500150
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    References listed on IDEAS

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    Cited by:

    1. Abigail N. Devereaux, 2019. "The nudge wars: A modern socialist calculation debate," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(2), pages 139-158, June.

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