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: 22/10/2026

• QuantEcon page. Link.

• Thomas Sargent’s page. Link.

• John Stachurski’s page. Link.

• “An Introduction to Economic Dynamics” by Raghavendra, Piiroinen.

• “Economic Networks” by Sargent, Stachurski. Link.

• “From Dynamics to Novelty: An Agent-Based Model of the Economic System” by Recio et al.

• “Intelligent Agent-Based Modeling in Economics” By Gyawali et al. Link.

• “Large Language Models as Simulated Economic Agents” by Horton et al. Link.

• “An AI can simulate an economy millions of times to create fairer tax policy” by Heaven. Link.

• Economics Simulation. Hacker News post. Link.

• “Economics Simulation” by Norvig. Link.

• “Emergent Bartering Behaviour in Multi-Agent Reinforcement Learning” by Johanson et al. Google DeepMind. Link.

• “Economic Simulations with AI”. Digital Economy Lab. Link.

• “Economy of Minds” by Qi et al. Link.

• “Simulated Economy” by Fantl. Blogposts. Link.

• “ABIDES-Economist: Agent-Based Simulation of Economic Systems with Learning Agents” by Dwarakanath et al. Link.

• abcEconomics. Link.

• “The AI Economist Economic Policy Design using Deep Reinforcement Learning and AI Simulations” by Zheng. Link.

• “Economic Models: Simulations of Reality” by Ouliaris. Link.