Economics, Control Theory, and the Phillips Machine
Brian Hayes
No 1101, ASSRU Discussion Papers from ASSRU - Algorithmic Social Science Research Unit
Abstract:
Can the same mathematical control laws that smooth out oscillations in the flight of an airplane also moderate economic cycles of boom and bust? Attempts to bring together the intellectual traditions of control engineering and economics go back at least as far as the hydraulic analog computer of A. W. H. Phillips, circa 1950. Today, economic policymakers remain committed to the ideal of controlling business cycles; it remains an open question whether tools from control theory might help to refine their strategies.
Date: 2011
New Economics Papers: this item is included in nep-his and nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
http://www.assru.economia.unitn.it/files/DP_01_2011.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to www.assru.economia.unitn.it:80 (No such host is known. )
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:trn:utwpas:1101
Access Statistics for this paper
More papers in ASSRU Discussion Papers from ASSRU - Algorithmic Social Science Research Unit Contact information at EDIRC.
Bibliographic data for series maintained by assru.tm@gmail.com ().