LINKING AGENT-BASED COMPUTATIONAL ECONOMICS TO POST KEYNESIAN ECONOMICS

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Uluslararası Yönetim İktisat ve İşletme Dergisi
Volume:13 Issue:1
LINKING AGENT-BASED COMPUTATIONAL ECONOMICS TO POST KEYNESIAN ECONOMICS

LINKING AGENT-BASED COMPUTATIONAL ECONOMICS TO POST KEYNESIAN ECONOMICS

Authors : M Oğuz ARSLAN

Pages : 1-17

Doi:10.17130/ijmeb.20173126260

View : 34 | Download : 8

Publication Date : 2017-01-01

Article Type : Research Paper

Abstract :Agent-based computational economics is relatively a new methodology in economics. It is defined as ‘the computational modeling of economic processes including whole economies as open-ended dynamic systems of interacting agents’. Contrary to fundamental assumptions of neoclassical and mainstream approaches, agent-based computational economics assumes that a agents are heterogeneous and bounded rational decision makers in an economy, b an economy is a non-linear, complex and adaptive system. Moreover, these assumptions seem to hold true for Post Keynesian economics to a large extent. Given that, this study attempts to bring out similarities and potential links between these two economic thoughts.
Keywords : Ekonomik Metodoloji, Post Keynesyen İktisat, Ajan Tabanlı Hesaplamalı İktisat

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