Examining social processes with agent-based modelsThe Review of Austrian Economics - Tập 24 - Trang 1-17 - 2010
Chad W. Seagren
It is plain that the Austrian revival that began in the 1970s has yet to succeed in convincing the mainstream of the academy to jettison their physics-based mathematical models in favor of the sort of models and forms of argumentation that contemporary Austrians advocate. Agent-based computational modeling is still in its relative infancy but is beginning to gain recognition among economists disen...... hiện toàn bộ
Financial crisis of metaphorThe Review of Austrian Economics - Tập 23 - Trang 223-242 - 2010
Peter J. Phillips
This paper presents an analysis of the mathematical models of the prevailing orthodoxy within the field of financial economics in light of the financial crisis. The financial crisis presents a challenge to the language of orthodox financial economics. From an Austrian perspective, this challenge to the language of orthodox financial economics is centred on a small number of pressure points stemmin...... hiện toàn bộ