From General Equilibrium to Algorithmic Equilibrium
Bin Li · Qeios · 2024
Based on the Algorithmic Thinking Theory, this essay introduces the concept of “Algorithmic Equilibrium,” which can really exist and be used to replace, re-interpret, and/or synthesize all other kinds of equilibria, and to allow the coexistence of equilibria and various dis-equilibria in a unified, dynamic, and developmental panorama, thus exhibiting a grand synthesis of economics.