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1 results

  • 8 - Artificial Economics and the Agent/Structure Problem

  • from Part II - Complementary Topics and Discussions
  • Ruben Mercado
  • Book:
    Artificial Economics
    Published online:
    28 October 2021
    Print publication:
    04 November 2021, pp 128-137

  • 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.