Modular economics: Difference between revisions
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[[Modular Economics]] refers to a standardized system of economic analysis based on interrelated modules which simulate the components of an economic system. The goal is to bring the study of economics closer to the more objective sciences and enable new types of financial, monetary and economic reform. | [[Modular Economics]] refers to a standardized system of economic analysis based on interrelated modules which simulate the components of an economic system. The goal is to bring the study of economics closer to the more objective sciences and enable new types of financial, monetary and economic reform. | ||
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All schools of economic thought can be utilized, uniting the strengths of each. Modules are interchangeable, and thus, modules can be tested for past accuracy and continuously observed. If a module based on a theory leads to more accuracy than another, then it may be more highly considered and preferred. Observations can be made using the modules preferred by the observer. | All schools of economic thought can be utilized, uniting the strengths of each. Modules are interchangeable, and thus, modules can be tested for past accuracy and continuously observed. If a module based on a theory leads to more accuracy than another, then it may be more highly considered and preferred. Observations can be made using the modules preferred by the observer. | ||
Latest revision as of 22:59, 29 September 2026
Modular Economics refers to a standardized system of economic analysis based on interrelated modules which simulate the components of an economic system. The goal is to bring the study of economics closer to the more objective sciences and enable new types of financial, monetary and economic reform.
Modular Economics depends on a standardized, universal system which allows modules to interrelate and exist on hierarchical levels, similar to classes in computer science. Scilab is currently considered the most preferred platform for creating the standardized system, due to its open license. The standardized system allows for interconnectivity and relationships between modules.
This system utilizes econometrics and dynamical system analysis for simulations (usually based on Ordinary Differential Equations (ODE)s). Modules may contain static numbers, simulations, functions, or collections of other modules.
All schools of economic thought can be utilized, uniting the strengths of each. Modules are interchangeable, and thus, modules can be tested for past accuracy and continuously observed. If a module based on a theory leads to more accuracy than another, then it may be more highly considered and preferred. Observations can be made using the modules preferred by the observer.