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Shaping an Inductive Macroeconomics

The Heritage of Hyman Minsky

  • Conference paper
Distributed Computing and Artificial Intelligence, 12th International Conference

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 373))

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Abstract

In this paper I discuss how to develop an inductive model-building approach which, in my opinion, could give novel perspectives to macroeconomic investigation. For this end I explain reasons and ways to cope with this task. My analysis refers to three different level of thinking under which I try to develop a line of enquiry. Firstly, I focus on Hyman Minsky’s economic thought which offers a novel inductive argument. Secondly, I discuss how this inductive argument fosters a different use of the experimental method in Economics. Concluding, I argue how agent based modeling could benefit from a Minskyan vision of Economics supported by the experimental method.

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Authors and Affiliations

  1. Department of Philosophical, Pedagogical and Economic-Quantitative Sciences, University of Chieti-Pescara, Viale Pindaro 42, 65127, Pescara, Italy

    Marcello Silvestri

Authors
  1. Marcello Silvestri
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Correspondence to Marcello Silvestri .

Editor information

Editors and Affiliations

  1. Department of Electronics, Information and Communication Engineering, Osaka Institute of Technology, Osaka, Osaka, Japan

    Sigeru Omatu

  2. College of Engineering, Qatar University, Doha, Qatar

    Qutaibah M. Malluhi

  3. Department of Computing Science Faculty of Science, University of Salamanca, Salamanca, Spain

    Sara Rodríguez Gonzalez

  4. Department of Electronics and Computers Division of Computer Science and Managem, Koszalin University of Technology, Koszalin, Poland

    Grzegorz Bocewicz

  5. Department of Philosophical, Pedagogical and Economic-Quantitative Sciences, University of Chieti-Pescara, Pescara, Italy

    Edgardo Bucciarelli

  6. Department of Philosophical, Pedagogical and Economic-Quantitative Sciences, University of Chieti-Pescara, Pescara, Italy

    Gianfranco Giulioni

  7. Zayed University, Abu Dhabi Campus, Abu Dhabi, Utd.Arab.Emir.

    Farkhund Iqba

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Silvestri, M. (2015). Shaping an Inductive Macroeconomics. In: Omatu, S., et al. Distributed Computing and Artificial Intelligence, 12th International Conference. Advances in Intelligent Systems and Computing, vol 373. Springer, Cham. https://doi.org/10.1007/978-3-319-19638-1_47

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  • DOI: https://doi.org/10.1007/978-3-319-19638-1_47

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-19637-4

  • Online ISBN: 978-3-319-19638-1

  • eBook Packages: EngineeringEngineering (R0)

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