Towards a Not-Too-Rational Macroeconomics

Axel Leijonhufvud
Additional contact information
Axel Leijonhufvud: Center for Computable Economics

Working Papers from University of California at Los Angeles, Center for Computable Economics

Abstract: Economics deals with complex dynamic systems. Until now, analytical limitations have forced economic theorists both to oversimplify the structure of the system and to exaggerate the rationality of the typical agent. Massively parallel computers will enable us to simulate and investigate the properties of systems consisting of large numbers of interacting, adaptive agents. Computable Economics aims to exploit this opportunity. The paper discusses a number of problems in macroeconomics and its microfoundations for which the computable approach promises to be fruitful.

Published in the Southern Economic Journal, Vol. 60, 1993

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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: http://EconPapers.repec.org/RePEc:wop:callce:_001

Access Statistics for this paper

More papers in Working Papers from University of California at Los Angeles, Center for Computable Economics
Contact information at EDIRC.
Series data maintained by Thomas Krichel ().