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

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  • K. Vela Velupillai

Abstract

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.

Suggested Citation

  • K. Vela Velupillai, 2010. "Introduction to the Phillips Machine and the Analogue Computing Tradition in Economics," ASSRU Discussion Papers 1008, ASSRU - Algorithmic Social Science Research Unit.
    • Handle: RePEc:trn:utwpas:1008
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    1. William C. Brainard & Herbert E. Scarf, 2005. "How to Compute Equilibrium Prices in 1891," American Journal of Economics and Sociology, Wiley Blackwell, vol. 64(1), pages 57-83, January.
    2. Stefano Zambelli, 2011. "Flexible Accelerator Economic Systems As Coupled Oscillators," Journal of Economic Surveys, Wiley Blackwell, vol. 25(3), pages 608-633, July.
    3. Richard Stone, 1951. "Simple Transaction Models, Information and Computing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 19(2), pages 67-84.
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    5. Lange, Oskar, 1970. "Introduction to Economic Cybernetics," Elsevier Monographs, Elsevier, edition 1, number 9780080066523.
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    Cited by:

    1. Shu-Heng Chen & Sai-Ping Li, 2011. "Econophysics: Bridges over a Turbulent Current," Papers 1107.5373, arXiv.org.

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