They present a model of Endogenous Growth with Cycles in a Swarm Economy.
The term ``Endogenous Growth'' will appear
misleading to the
reader who expects to find a model of sustained growth in line
with New Growth Theory. As a matter of fact, the artificial economy
described eventually reaches a ``steady state''.
However, the trigger for the {\it take off} is hard-wired in the
behavior of self-interested agents who face a complex environment
which they try to tame. The emergence of original entrepreneurs
lead to the growth of this ``Schumpeterian'' economy. Business
cycles are caused both by the failure of sub-efficient firms and
by the change in wealth distribution in this pure-credit economy.
The model appears flexible enough to address an ample spectrum
of issues, by modifying only marginally the original code: one
of the great advantages of the Object-Oriented paradigm.
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