Don't blame the economists. It is an inverse problem!

Gómez Ramírez, Jaime (2013). Don't blame the economists. It is an inverse problem!. "European Journal of Futures Research", v. 1 (n. 1); pp. 1-7. ISSN 2195-4194. https://doi.org/10.1007/s40309-013-0013-6.

Description

Title: Don't blame the economists. It is an inverse problem!
Author/s:
  • Gómez Ramírez, Jaime
Item Type: Article
Título de Revista/Publicación: European Journal of Futures Research
Date: 4 August 2013
ISSN: 2195-4194
Volume: 1
Subjects:
Freetext Keywords: Inverse problem, Complexity economics, Bio-inspired homeostasis, Subjective expected utility
Faculty: E.T.S.I. Industriales (UPM)
Department: Automática, Ingeniería Electrónica e Informática Industrial [hasta 2014]
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

The seriousness of the current crisis urgently demands new economic thinking that breaks the austerity vs. deficit spending circle in economic policy. The core tenet of the paper is that the most important problems that natural and social science are facing today are inverse problems, and that a new approach that goes beyond optimization is necessary. The approach presented here is radical in the sense that it identifies the roots in key assumptions in economic theory such as optimal behavior and stability to provide an inverse thinking perspective to economic modeling, of use in economic and financial stability policy. The inverse problem provides a truly multidisciplinary platform where related problems from different disciplines can be studied under a common approach with comparable results.

More information

Item ID: 29136
DC Identifier: http://oa.upm.es/29136/
OAI Identifier: oai:oa.upm.es:29136
DOI: 10.1007/s40309-013-0013-6
Official URL: http://link.springer.com/article/10.1007/s40309-013-0013-6
Deposited by: Memoria Investigacion
Deposited on: 15 Jan 2015 15:18
Last Modified: 15 Jan 2015 15:18
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