Neumannian Economy in Multi-Agent Approach. Investigation of Stability and Instability in Economic GrowthReport as inadecuate




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Interdisciplinary Description of Complex Systems : INDECS, Vol.2 No.1 June 2004. -

Axiomatic foundation of non-equilibrium microeconomics is outlined. The economic activity is modelled as transformation and transport of commodities materials owned by the agents. Rate of transformations production intensity, and the rate of transport trade are defined by

the agents. Economic decision rules are derived from the observed economic behaviour. The non-linear equations are solved numerically for the Neumannian economy. The emergence of the equilibrium market structure appears as an order out of chaos process.

economics; irreversibility; growth; chaos



Author: Katalin Martinás - ; Department of Atomic Physics, Eötvös Loránd University, Budapest

Source: http://hrcak.srce.hr/



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