LINKING AGENT-BASED COMPUTATIONAL ECONOMICS TO

Yıl 2017, , 1 - 17, 01.01.2017

M. Oğuz Arslan

https://doi.org/10.17130/ijmeb.20173126260

Öz

Agent-based computational economics is relatively a new methodology in economics. It is defined as ‘the computational modeling of economic processes including whole economies as open-ended dynamic systems of interacting agents’. Contrary to fundamental assumptions of neoclassical and mainstream approaches, agent-based computational economics assumes that a agents are heterogeneous and bounded rational decision makers in an economy, b an economy is a non-linear, complex and adaptive system. Moreover, these assumptions seem to hold true for Post Keynesian economics to a large extent. Given that, this study attempts to bring out similarities and potential links between these two economic thoughts

Anahtar Kelimeler

Economic Methodology, Post Keynesian Economics, Agent-based Computational Economics

LINKING AGENT-BASED COMPUTATIONAL ECONOMICS TO POST KEYNESIAN ECONOMICS

Öz

Agent-based computational economics is relatively a new methodology in economics. It is defined as ‘the computational modeling of economic processes including whole economies as open-ended dynamic systems of interacting agents’. Contrary to fundamental assumptions of neoclassical and mainstream approaches, agent-based computational economics assumes that a agents are heterogeneous and bounded rational decision makers in an economy, b an economy is a non-linear, complex and adaptive system. Moreover, these assumptions seem to hold true for Post Keynesian economics to a large extent. Given that, this study attempts to bring out similarities and potential links between these two economic thoughts.

Anahtar Kelimeler

Ekonomik Metodoloji, Post Keynesyen İktisat, Ajan Tabanlı Hesaplamalı İktisat

Kaynakça

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