The Epistemology of Simulation, Computation and Dynamics in Economics Ennobling Synergies, Enfeebling 'Perfection'

K. Vela Velupillai and Stefano Zambelli

No 1002, ASSRU Discussion Papers from ASSRU - Algorithmic Social Science Research Unit

Abstract: Lehtinen and Kuorikoski ([73]) question, provocatively, whether, in the context of Computing the Perfect Model, economists avoid - even positively abhor - reliance on simulation. We disagree with the mildly qualified affirmative answer given by them, whilst agreeing with some of the issues they raise. However there are many economic theoretic, mathematical (primarily recursion theoretic and constructive) - and even some philosophical and epistemological - infelicities in their descriptions, definitions and analysis. These are pointed out, and corrected; for, if not, the issues they raise may be submerged and subverted by emphasis just on the unfortunate, but essential, errors and misrepresentations

Keywords: Simulation; Computation; Computable; Analysis; Dynamics; Proof; Algorithm (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-cbe, nep-cmp and nep-hpe
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