Complexity of markets

Computation in economic mechanisms

What is the computational power of a market? What is the computational complexity of the work that markets do? Socialist calculation debate. Computational complexity and command-and-control-economics.

Classic: Cosma Shalizi: In Soviet Union, Optimization Problem Solves You.


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Eremeev, A. V. 2017. “On Computational Complexity of the Electric Power Flow Optimization Problem in Market Environment.” Journal of Applied and Industrial Mathematics 11 (4): 500–505.
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Levine, Matt. 2016. “Are Index Funds Communist?”, August 24, 2016.
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Mises, Ludwig von. 2016. Economic Calculation In the Socialist Commonwealth. Lulu Press, Inc.
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———. n.d. “Algorithmic Mechanism Design,” 44.
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