Wednesday, July 13, 2016

List of standard economics derived from information equilibrium

Here is a (possibly incomplete, and hopefully growing) list of standard economic results I have derived from information equilibrium. It will serve as a reference post. This does not mean these results are "correct", only that they exist given certain assumptions. For example, the quantity theory of money is only really approximately true if inflation is "high". Another way to say this is that information equilibrium includes these results of standard economics and could reduce to them in certain limits (like how quantum mechanics reduces to Newtonian physics for large objects).

In a sense, this is supposed to serve as an acknowledgement (or evidence) that information equilibrium has a connection to mainstream economics ... and that it's not completely crackpottery.

Supply and demand

http://informationtransfereconomics.blogspot.com/2013/04/supply-and-demand-from-information.html

Price elasticities

http://informationtransfereconomics.blogspot.com/2013/04/the-previous-post-with-more-words-and.html

Comparative advantage

http://informationtransfereconomics.blogspot.com/2016/04/comparative-advantage-from-maximum.html

AD-AS model

http://informationtransfereconomics.blogspot.com/2015/04/what-does-ad-as-model-mean.html

IS-LM

http://informationtransfereconomics.blogspot.com/2013/08/deriving-is-lm-model-from-information.html
http://informationtransfereconomics.blogspot.com/2014/03/the-islm-model-again.html
http://informationtransfereconomics.blogspot.com/2016/02/the-is-lm-model-as-effective-theory-at.html

Quantity theory of money

http://informationtransfereconomics.blogspot.com/2013/07/recovering-quantity-theory-from.html
http://informationtransfereconomics.blogspot.com/2015/05/money-defined-as-information-mediation.html

Cobb-Douglas functions

http://informationtransfereconomics.blogspot.com/2014/05/more-on-cobb-douglas-functions-and.html

Solow growth model

http://informationtransfereconomics.blogspot.com/2014/12/the-information-transfer-solow-growth.html
http://informationtransfereconomics.blogspot.com/2015/05/the-rest-of-solow-model.html
http://informationtransfereconomics.blogspot.com/2015/05/dynamics-of-savings-rate-and-solow-is-lm.html

The Kaldor facts as information equilibrium relationships

http://informationtransfereconomics.blogspot.com/2016/09/the-kaldor-facts.html

Gravity models

http://informationtransfereconomics.blogspot.com/2015/09/information-equilibrium-and-gravity.html

Utility maximization

http://informationtransfereconomics.blogspot.com/2015/03/utility-in-information-equilibrium-model.html

Asset pricing equation

http://informationtransfereconomics.blogspot.com/2015/05/the-basic-asset-pricing-equation-as.html

Euler equation

http://informationtransfereconomics.blogspot.com/2015/06/the-euler-equation-as-maximum-entropy.html

DSGE models

http://informationtransfereconomics.blogspot.com/2016/08/dsge-part-1.html
http://informationtransfereconomics.blogspot.com/2016/08/dsge-part-2.html
http://informationtransfereconomics.blogspot.com/2016/08/dsge-part-3-stochastic-interlude.html
http://informationtransfereconomics.blogspot.com/2016/08/dsge-part-4.html
http://informationtransfereconomics.blogspot.com/2016/08/dsge-part-5-summary.html

MINIMAC

http://informationtransfereconomics.blogspot.com/2015/06/minimac-as-information-equilibrium-model.html

Mundell-Fleming as Metzler diagram

http://informationtransfereconomics.blogspot.com/2016/06/metzler-diagrams-from-information.html

Diamond-Dybvig

http://informationtransfereconomics.blogspot.com/2015/04/diamond-dybvig-as-maximum-entropy-model.html

"Econ 101" effects of price ceilings or floors

http://informationtransfereconomics.blogspot.com/2016/05/what-happens-when-you-push-on-price.html

Cagan model

http://informationtransfereconomics.blogspot.com/2016/08/the-economy-at-end-of-universe-part-ii.html

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