About Some Directions of Economic Theory Development

A. Leonidov
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A. Leonidov: The Lebedev Physical Institute of the Russian Academy of Sciences, Moscow, Russia

Journal of the New Economic Association, 2017, vol. 34, issue 2, 189-192

Abstract: The paper discusses some promising directions of theoretical economics related to analyzing problems with many interacting agents, i.e. at graphs with fixed or emergent topologies. A necessity of developing a statistical game theory is discussed; in which, similarly to statistical physics, one constructs an approximate aggregated description of a system in terms of a small number of representative collective variables. Development of aggregated description of systems with nontrivial local topology of economic interactions is of particular interest. A modern status of multi sector macroeconomic models is described portraying economic interaction through considering a weighted oriented graph corresponding to the input-output matrix as well as multiagent approach to optimization problems in which an optimal state is reached by agents exchanging services at the virtual market..

Keywords: multiagent systems; dynamics on graphs; macroeconomic dynamics (search for similar items in EconPapers)
JEL-codes: A1 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2017:i:34:p:189-192

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