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8 - Artificial Economics and the Agent/Structure Problem

from Part II - Complementary Topics and Discussions

Published online by Cambridge University Press:  28 October 2021

Ruben Mercado
Ruben Mercado
Affiliation:
Latin American Faculty of Social Sciences
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Summary

Chapter 8 presents the main positions in economics and in the social sciences regarding the agent/structure problem, and explores some contributions that can be made from artificial economics. First, it presents and discusses the individualist/reductionist, structuralist/holistic, and intermediate positions, regarding the agent/structure problem. Then presents simple artificial economics examples of the generation of endogenous preferences, agents' behavioral changes derived from their economic interaction, and of the demographic effects of the introduction of a market institution into an artificial economy.

Keywords

agent/structure problemreductionismstructuralismholismendogenous preferencesendogenous behavioral changeinstitutional change
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Chapter
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Artificial Economics
Methods, Models, and Interdisciplinary Links
 , pp. 128 - 137
Publisher: Cambridge University Press
Print publication year: 2021

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