Saturday, April 27, 2013

Agent-based Computational Economics and Economics based on the theory of complex systems



Lately I am interested in theories or methods in the science (Is it a science ?) of the economy. I know of two different approaches, which do not believe from the beginning, that everything is in equilibrium and only external shocks are the basis for anything, which can not be predicted by the theory. These are the agent-based computational method and the practice of modeling the economy as a complex system.
Does anybody know whether there is an approach, which combines this two methods?

No comments:

Post a Comment