I am working on the problem of simulating the economy.
It seems one can use multi agent systems to simulate the economy.
"All models are wrong, but some are useful."
- E. P. Box
Perhaps: One can run low risk experiments on the simulated economy and one might learn something about the real economy.
Reading list:
Updated: 5/11/2026
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QuantEcon page. Link.
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Thomas Sargent’s page. Link.
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John Stachurski’s page. Link.
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“An Introduction to Economic Dynamics” by Raghavendra, Piiroinen.
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“Economic Networks” by Sargent, Stachurski. Link.
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“From Dynamics to Novelty: An Agent-Based Model of the Economic System” by Recio et al.
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“Intelligent Agent-Based Modeling in Economics” By Gyawali et al. Link.
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“Large Language Models as Simulated Economic Agents” by Horton et al. Link.
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“An AI can simulate an economy millions of times to create fairer tax policy” by Heaven. Link.
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Economics Simulation. Hacker News post. Link.
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“Economics Simulation” by Norvig. Link.
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“Emergent Bartering Behaviour in Multi-Agent Reinforcement Learning” by Johanson et al. Google DeepMind. Link.
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“Economic Simulations with AI”. Digital Economy Lab. Link.
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“Economy of Minds” by Qi et al. Link.
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“Simulated Economy” by Fantl. Blogposts. Link.
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“ABIDES-Economist: Agent-Based Simulation of Economic Systems with Learning Agents” by Dwarakanath et al. Link.
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abcEconomics. Link.
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“The AI Economist Economic Policy Design using Deep Reinforcement Learning and AI Simulations” by Zheng. Link.
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“Economic Models: Simulations of Reality” by Ouliaris. Link.
Related:
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“The Mathematics of Poverty, Inequality, and Oligarchy” by Boghosian, Borgers. Link. Forbes article. Link.
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Mandelbrot on Income Inequality. Link.
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“The Challenge of World Poverty” by Duflo, Banerjee. Link.
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“Economic inequality from statistical physics point of view” by Yakovenko. Link.
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Psychology and Economics course. Link.
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How can people contribute to a healthy economy? Gemini’s response: Link.
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Countries which recovered from poverty. Gemini’s response: Link.