WHY CAN`T WE USE THE SAME CURE FOR ALL CRISES? -AN AGENT BASED MODELLING APPROACH-

Ileana Ciutacu, Denis Vîntu and Iulian Savulescu

Revista Economica, 2012, vol. Supplement, issue 5, 45-52

Abstract: Albert Einstein once said `everything is relative` and he was right . The results of this paper prove him right even when talking about economics, because in real life when we find ourselves in front of a crisis situation we try to solve or cure it using `old remedies` or what we know, but what we never seem to learn is that using the same inputs will not give us every time the same results. To reach this conclusion we designed and created a simple economy agent based model that was after that developed using NetLogo.

Date: 2012
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