Thinking impossible things: A review essay

Koppl, Roger

doi:10.1016/j.jebo.2007.01.001

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Computable Economics1

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2008

2022

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Cited by 9 publications

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“…To show that a problem is undecidable, a mathematician must show that no possible combination of program and computer will get 1. In an article-length review of Velupillai's volume, Koppl (2008) provides a reader-friendly survey of the mathematical tools of computable economics. 2.…”

Section: Computable Economicsmentioning

confidence: 99%

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Computable Entrepreneurship

Koppl

2008

Entrepreneurship Theory and Practice

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The mathematics of "computable economics" proves that entrepreneurship policy is unlikely to succeed if it presumes policy makers can replace the unplanned results of the entrepreneurial market process with ex ante judgments about which enterprises are best. It is mathematically impossible for policy makers or their assignees to make the required computations of opportunity costs. Some business professors dream of finding a grand algorithm that will allow them to guide entrepreneurial decisions and to judge in advance which decisions are good and which bad. The logic of computable economics, however, reveals this dream to be a form of magical thinking.

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Section: Computable Economicsmentioning

confidence: 99%

“…. In an article-length review of Velupillai's volume,Koppl (2008) provides a reader-friendly survey of the mathematical tools of computable economics. 2.…”

mentioning

confidence: 99%