Explorations in Computable Economics
Three topics are discussed as pointers towards issues at the frontiers of computable economics: effectivizing the fundamental theorems of welfare economics; computable production theory; the effectivity of tâtonnement. Furthermore, in the appendix, an attempt is made to analyse the notion of finding a formally simplest theory of economic fluctuations. Some discursive notes on multiple equilibria in economic models and their possible generation due to various formal uncomputabilities is also presented.
Keywords: effective decentralization, effective tâtonnement, fluctuations, minimum description length, multiple equilibria, production functions, universal Turing machine, welfare economics
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