Economics in nouns and verbs
نویسندگان
چکیده
Standard economic theory uses mathematics as its main means of understanding, and this brings clarity reasoning logical power. But there is a drawback: algebraic restricts modeling to what can be expressed only in quantitative nouns, forces leave out matters do with process, formation, adjustment, creation—matters nonequilibrium. For these we need different one that allows verbs well nouns. Algorithmic expression such means. It verbs—processes—as nouns—objects quantities. fuller description economics, include heterogeneity agents, actions objects, realistic models behavior ill-defined situations. The world algorithms reveal action-based object-based, organic, possibly ever-changing, not fully knowable. it strangely wonderfully alive.
منابع مشابه
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ژورنال
عنوان ژورنال: Journal of Economic Behavior and Organization
سال: 2023
ISSN: ['0167-2681', '1879-1751']
DOI: https://doi.org/10.1016/j.jebo.2022.10.036