Imagination, Exchange and Business Enterprise in Smith and Shackle
Current discussion of the ‘microfoundations’ of economic theory is dominated by General Equilibrium theory. Even economists seeking to preserve what are euphemistically called ‘Keynesian insights’ search for a Walrasian basis for ‘Keynesian’ macrotheory.
With Shanghai stock exchange market as a research object, this paper studies the complexity of the stock exchange market using the cellular automata theory and model. With the fractal theory as a tool, the R/S method is used to compare the real and the simulated data, which verifies the validity of the simulation. In the CA model, with different initial values and rules, we can improve the study on complexity in the stork exchange market.