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Computable, Constructive and Behavioural Economic Dynamics
The book contains thirty original articles dealing with important aspects of theoretical as well as applied economic theory. While the principal focus is on: the computational and algorithmic nature of economic dynamics; individual as well as collective decision process and rational behavior, some contributions emphasize also the importance of classical recursion theory and constructive mathematics for dynamical systems, business cycles theories, growth theories, and others are in the area of history of thought, methodology and behavioural economics. The contributors range from Nobel Laureates to the promising new generation of innovative thinkers. This volume is also a Festschrift in honour...
Models of Simon
Herbert Simon (1916-2001) is mostly celebrated for the theory of bounded rationality and satisficing. This book of essays on Models of Simon tackles these topics that the he broached in a professional career spanning more than 60 years. Expository material on the fundamental concepts he introduced are re-interpreted in terms of the theory of computability. This volume frames the behavioural issues of concern for economists, such as: hierarchy, causality, near-diagonal linear dynamical systems, discovery, the contrasts between the notion of heuristics, and the Church-Turing Thesis of Computability Theory. There is, consistently, an emphasis on the historical origins of the concepts Simon work...
Velupillai and Chen
In recent years, many thinkers have attempted to incorporate--or reintegrate--behavioural and psychological insights into traditional economic models and theoretical analyses. Under the banner of 'behavioural economics', they have, in particular, deconstructed the fundamental assumption that human beings and economic organizations take decisions, and make rational choices, in their own interests. This new four-volume collection from Routledge brings together foundational and the best cutting-edge research to create a unique 'mini library'. Edited by two leading scholars in the field, it has been designed to meet the need for an authoritative reference work to make sense of the origins of the...
Macroeconomic Theory and Economic Policy
Jean-Paul Fitoussi needs no introduction as one of the world's foremost Macroeconomists of his generation. This celebration of his work includes contributions from Nobel Prize - winning economists Robert W. Clower and Robert Solow as well as Olivier Blanchard and leading economic theorist, Edmond Malinvaud.
Computable Economics
In the field of economic analysis, computability in the formation of economic hypotheses is seen as the way forward. In this book, Professor Velupillai implements a theoretical research program along these lines. Choice theory, learning rational expectations equlibria, the persistence of adaptive behavior, arithmetical games, aspects of production theory, and economic dynamics are given recursion theoretic (i.e. computable) interpretations.
Social Fairness and Economics
This volume brings together papers inspired by the work of Duncan Foley, an extraordinarily productive economist who has made seminal contributions to a wide variety of areas. Foley’s work cannot be easily classified, but one thread that runs through it is a critical examination (along both ethical and analytical lines) of conventional neoclassical economic theory, particularly involving general equilibrium theories of value and money. Foley was a pioneer of complexity economics as well, which adopts approaches to these questions drawn from natural sciences, so the collection therefore has an interdisciplinary quality that will interest a wide variety of readers. Some of the chapters are i...
Popper and Economic Methodology
This new book, under the impressive editorship of Thomas Boylan and Paschal O'Gorman, explores a number of major themes central to the work of Karl Popper. The tensions that have resulted from Popperian thought are well documented. How can mainstream orthodox economics be falsifiable while privileging its core of rationality as unquestionable? This book includes expert contributions from thinkers such as Tony Lawson, K. Vela Velupillai and John McCall, who discuss this issue with renewed academic rigour.
Artificial Intelligence, Intellectual Property, Cyber Risk and Robotics
Artificial Intelligence (AI) is the most rapidly developing technology in the current Digital Age, but it is also the least defined, understood and adequately explained technological advance. This book brings together a group of leading experts who assess different aspects of AI from different disciplinary perspectives. The book argues that robots are not living systems but the creations of humans who must ultimately be accountable for the actions of the robots that they have invented. Robots do not have ownership entitlement. The book uses Intellectual Property Rights cases, evidence from roboticists, cybersecurity experts, Patent Court judges, technology officers, climate change scientists, economists, physicists and those from the legal profession to demonstrate that while AI can have very beneficial uses for many aspects of human economy and society, robots are not living systems autonomous from human decision making. This book will be useful to those in banking and insurance, cybersecurity, lawyers, judges, technology officers, economists, scientist inventors, computer scientists, large and small companies and postgraduate students.
Adventures in Nonlinear Dynamics
'Adventures in Nonlinear Dynamics', written by Vela K. Velupillai, covers the history of the boom, bust, and rebirth of an idea: how theories fall in and out of fashion in the field of economics.
