Parallel Processing Economic System Composed of Individuals under Satisfying Principle

Masaaki Yoshida ()
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Masaaki Yoshida: Senshu Univ., Dept. of Economics

A chapter in Complexity and Diversity, 1997, pp 196-198 from Springer

Abstract: Abstract If we treat time as an irreversible flow, then neoclassical economics which interpret our economy as an equilibrium of behaviors of optimizing agents cannot serve even an approximation. It is because that the neoclassical equilibrium system cannot be attained in the case that each agent makes irreversible decision independently as in our actural economy. To comprehend such an economy appropriately, we constructed a parallel processing economic model composed of agents under satisfying principle in Keynes’ text and made a simulation system. This system serves a foundation to analize our economy as a complex system, and in addition provides a technical foundation for IO-analysis and a micro-foundation for the reproduction theory.

Keywords: Complexity; irreversible time; satisfying principle; neural network; Keynes (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-4-431-66862-6_40

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DOI: 10.1007/978-4-431-66862-6_40

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