Toward a Productive Interaction Between Simulations and Theory in Economic Science

  • Yoshinori Shiozawa


A productive interaction between simulation and theory is required. This is not a simple appeal for a new collaboration. A paradigm change depends on it. More than 30 years have passed since everybody talked about paradigm change in economics. But no such thing occurred. In 1907’s, necessity was evident but no way was indicated for the change. Arrival of agent based simulation may change the situation. It may break the long stagnation of economics and may produce a long wanted paradigm change. For this to happen, a good productive interaction between simulation and theory is necessary. The precondition to this collaboration is to conceive the real problems which lie at the base of economic science.


General Equilibrium Rational Expectation Productive Interaction Neoclassical Economic Trade Theory 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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© Springer 2007

Authors and Affiliations

  • Yoshinori Shiozawa
    • 1
  1. 1.Graduate School for Creative CitiesOsaka City UniversityUSA

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