Alternative Developing Tools for Economics

Yuji Aruka

Chapter Chapter 7 in Evolutionary Economics, 2024, pp 111-133 from Springer

Abstract: Abstract An innovative feature of this book is its econocentric structure, focusing on digital designs. From the outset, econocentrism is linked with monetary exchange as the core engine of capitalism. Needless to say, monetary exchange and its ledger system will undergo significant innovations soon, sychronizing with the new stage of communication style backed by pervasiveness of quantum computing. In fact, the new coronavirus pandemic has changed lifestyles worldwide, which are unlikely ever to return to their original form. This great transformation will change the nature of the socio-economic system itself, which will be centered on digital designs. At present, money is stating to undergo a major revolution. Many books dealing with digital designs and innovations have been published, but few if any of them focus on monetary and analytical methods in the way that this present volume does. Dealing with the new attributes brought about by this great change will be beyond the scope of traditional economics. Digital tools such as blockchain, cryptocurrency, and crypt assets as well as distributive ledger systems, require new modes of analysis. First, the evolution of money and complex thinking necessary for understanding that change must be analyzed. Furthermore, the way that goods markets are mutually coordinated and the future of the labor market must be understood, points that are emphasized in the first section of the book. Second, other computational approaches to social dilemmas, crypt graphics, and the supply chain are introduced in the latter part. To facilitate understanding of the core engine of market capitalism, the detailed settlement mechanism in terms of an AI market experimentAI market experiment are also presented.

Keywords: Changes of the style of production; AI market experiment; Transductive reasoning; Horizontal visibility graph; Network structure of time series (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/978-981-97-1382-0_7

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