I had joined a group called BLK WEALTH CREATORS claiming that the teacher was ex Black roc. They asked me to open an institution account with PROVEX. For about 2/3 months they showed me profits.then suddenly they removed me from the group and refused to return my funds. In the group others were putting screenshots of making laks of ruppes profit. Then I observed they were always same people. So be aware as th his may be a scam.

Hi everyone,

I am looking for a standard introduction to new institutional economics, I'm especially interested in the transaction cost theory and market transparency. Does anyone here have any recommendations?

Thanks in advance!

Hello, I am a graduate student in economics trying to study agent based modelling. I came to it through reading works like Ronald Coase's Theory of Social Cost, Elinor Ostrom's work that I posted here earlier, and a mix of Austrian economics, modern empirical methods, and Microeconomic Theory by Mas Colell during my undergraduate education.

For those who don't really know what's involved, here is a good website dedicated to the field.

Basically- it uses Java and other object oriented programming languages, to create computer programs with extremely heterogeneous individuals, firms, banking sectors, rule of law, societal norms, etc. Early examples include Axelrod's 1980's game theory competitions to this fantastic lecture by GMU professor Robert Axtell. Recent papers in macroeconomics (where I'm interested in doing field work) include Anteoine Mandel's Agent-based dynamics in disaggregated growth models and Mauro Gallegati's An Agent-Based Decentralized Matching Macroeconomic Model. Though, work with agent based modelling techniques has included institutional design, (non)cooperative game theory, and any number of fields institutional economics has dipped it's toes into.

ACE methods are also being used in sociology, epidemiology, political science, and any number of fields. The formulation of computer programs allows for the strict study of the spatial and inter temporal dynamics of modern economies without the traditional equilibrium assumptions of classical schools, while allowing for formal societal and institutional factors to be put in place.

Figured I'd just mass post some links here for people to sift through. There is a trove of information to be gained.

Hey all. Before I just start dumping more random agent based modelling papers I've been reading and how they relate to new institutional economics, I was wondering if anyone of the regular readers had any particular topics they'd be interested in reading more about?

Since this is such a small subreddit, I figured it'd be best to try and grow some sense of communal learning/reading to actually get some comments going on posted work.