IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/110155.html
   My bibliography  Save this paper

The Birth of a Unified Economics

Author

Listed:
  • Li, Bin

Abstract

The paper outlines an original thinking theory and its applications to economics. The author ascribes the flaws and divisiveness of economics mainly to the lack of a proper theory on how a person thinks. Human thoughts shall be entities, and thinking shall be behaviors, both featuring spatiotemporal. Simulating a computer, human thinking can be Kantianly and dually interpreted as computational operations which mean that Instructions, as the innate and general thinking tools, process information or data selectively, serially, and “roundaboutly”. Conditioning with operational speed, time, space and computing economy, the architecture reasonably leads to the results of knowledge stocks, Combinatorial Explosions, subjectivities, pluralities, conflicts, innovations, developments, “Semi-internalization”, convergences, divergences, “High-order Consistency”, etc., and hence a great deal of theoretical socio-economic puzzles are basically solved, including institution, organization, money, capital, Invisible Hand, business cycle, crisis, power, government, etc. This explosive framework could be a decisive breakthrough and a deconstruction of the mainstream equilibrium paradigm, and hence a grand synthesis or unification and a new comprehensive research program of economics.

Suggested Citation

  • Li, Bin, 2020. "The Birth of a Unified Economics," MPRA Paper 110155, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:110155
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/110155/1/MPRA_paper_110155.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Li, Bin, 2019. "How Could Cognitive Revolution Happen To Economics? An Introduction to the Algorithm Framework Theory," MPRA Paper 110504, University Library of Munich, Germany.
    2. Simon, Herbert A. & Schaeffer, Jonathan, 1992. "The game of chess," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 1, chapter 1, pages 1-17, Elsevier.
    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. Li, Bin, 2022. "Algorithmic Economics," MPRA Paper 113563, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ying-Fang Kao & Ragupathy Venkatachalam, 2021. "Human and Machine Learning," Computational Economics, Springer;Society for Computational Economics, vol. 57(3), pages 889-909, March.
    2. Gagen, Michael & Nemoto, Kae, 2006. "Variational optimization of probability measure spaces resolves the chain store paradox," MPRA Paper 4778, University Library of Munich, Germany.
    3. Sergio Monsalve, 2002. "Teoría de juegos: ¿hacia dónde vamos? (60 años después de von Neumann y Morgenstern)," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 4(7), pages 114-130, July-Dece.
    4. Martin Shubik, 1998. "Game Theory, Complexity and Simplicity. Part III: Critique and Prospective," Cowles Foundation Discussion Papers 1184, Cowles Foundation for Research in Economics, Yale University.
    5. Devetag, Giovanna & Warglien, Massimo, 2008. "Playing the wrong game: An experimental analysis of relational complexity and strategic misrepresentation," Games and Economic Behavior, Elsevier, vol. 62(2), pages 364-382, March.
    6. Sent, Esther-Mirjam, 2004. "The legacy of Herbert Simon in game theory," Journal of Economic Behavior & Organization, Elsevier, vol. 53(3), pages 303-317, March.
    7. Edward Castronova, 2002. "On Virtual Economies," CESifo Working Paper Series 752, CESifo.
    8. Li, Bin, 2019. "How Could Cognitive Revolution Happen To Economics? An Introduction to the Algorithm Framework Theory," MPRA Paper 110504, University Library of Munich, Germany.
    9. Ehud Kalai, 1995. "Games," Discussion Papers 1141, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    10. Li, Bin, 2022. "Algorithmic Economics," MPRA Paper 113563, University Library of Munich, Germany.
    11. Li, Bin, 2020. "Why is Algorithmic Theory a Necessary Basis of Economics?," MPRA Paper 110581, University Library of Munich, Germany.
    12. Cassey Lee, 2021. "Information Processing and Moral Problem Solving," Computational Economics, Springer;Society for Computational Economics, vol. 57(3), pages 911-922, March.

    More about this item

    Keywords

    economics; economic methodology; social science; theory; time;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
    • Z10 - Other Special Topics - - Cultural Economics - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:pra:mprapa:110155. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.