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  Citation Number 2
 Views 50
 Downloands 10
LINKING AGENT-BASED COMPUTATIONAL ECONOMICS TO POST KEYNESIAN ECONOMICS
2017
Journal:  
Uluslararası Yönetim İktisat ve İşletme Dergisi
Author:  
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:

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Uluslararası Yönetim İktisat ve İşletme Dergisi

Journal Type :   Uluslararası

Metrics
Article : 997
Cite : 9.248
2023 Impact : 0.354
Uluslararası Yönetim İktisat ve İşletme Dergisi