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The Epistemology of Simulation, Computation and Dynamics in Economics Ennobling Synergies, Enfeebling 'Perfection'

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  • K. Vela Velupillai
  • Stefano Zambelli

Abstract

Lehtinen and Kuorikoski ([73]) question, provocatively, whether, in the context of Computing the Perfect Model, economists avoid - even positively abhor - reliance on simulation. We disagree with the mildly qualified affirmative answer given by them, whilst agreeing with some of the issues they raise. However there are many economic theoretic, mathematical (primarily recursion theoretic and constructive) - and even some philosophical and epistemological - infelicities in their descriptions, definitions and analysis. These are pointed out, and corrected; for, if not, the issues they raise may be submerged and subverted by emphasis just on the unfortunate, but essential, errors and misrepresentations

Suggested Citation

  • K. Vela Velupillai & Stefano Zambelli, 2010. "The Epistemology of Simulation, Computation and Dynamics in Economics Ennobling Synergies, Enfeebling 'Perfection'," ASSRU Discussion Papers 1002, ASSRU - Algorithmic Social Science Research Unit.
    • Handle: RePEc:trn:utwpas:1002
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    References listed on IDEAS

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    Keywords

    Simulation; Computation; Computable; Analysis; Dynamics; Proof; Algorithm;
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