Dr Ragupathy Venkatachalam

Staff details

Position Head of Department, Senior Lecturer in Economics
Email r.venkatachalam (@gold.ac.uk)
Phone +44 (0)20 7896 2099
Dr Ragupathy Venkatachalam

Dr Ragupathy Venkatachalam joined the Institute of Management Studies in 2016. He has previously taught economics at the Centre for Development Studies, Trivandrum, India and worked as a research fellow at the Artificial Intelligence Economics Research Center at the National Chengchi University, Taiwan.

He obtained his PhD from the University of Trento, Italy and a European Masters in Law and Economics from the University of Hamburg, University of Bologna and Université Paul Cézanne Aix-Marseille III. He has an MSc in Economics from the Madras School of Economics, Chennai, India and a BA (Hons) in Economics from Shri Ram College of Commerce, University of Delhi, India. He also serves as the associate editor of Economia Politica [Journal of Analytical and Institutional Economics].

His broad research areas include Endogenous Business Cycle Theory, Computable Economics, Behavioural Economics, Agent-Based Computational Economics and History of Economic Thought. His research focuses on the algorithmic modes of theorizing both at the micro and macro level, incorporating insights from computability theory and constructive mathematics.

Research Interests

  • Macroeconomic Dynamics
  • Agent-Based Modelling
  • Computable Economics
  • Endogenous and Nonlinear Business Cycle Theory
  • History of Economic Thought
  • Classical Behavioural Economics (along the lines developed by Herbert Simon)
  • Mathematical Foundations of Economic Theory

Publications and research outputs

Edited Book

Venkatachalam, Ragupathy, ed. 2023. Artificial Intelligence, Learning and Computation in Economics and Finance. Cham, Switzerland: Springer. ISBN 9783031152931

Chen, Shu-Heng; Kao, Ying-Fang; Venkatachalam, Ragupathy and Du, Ye-Rong, eds. 2018. Complex Systems Modeling and Simulation in Economics and Finance. US: Springer.

Edited Journal

Sen, Amartya; Agarwal, Bina; Quadrio Curzio, Alberto; Cerniglia, Floriana; Venkatachalam, Ragupathy and Thomson, Jennifer, eds. 2022. Women, Pandemics and the Global South, Economia Politica, 39(1). 1120-2890

Velupillai, Kumaraswamy and Venkatachalam, Ragupathy, eds. 2021. Special Issue: Commemorating the Birth Centennial of Herbert Simon, Computational Economics, 57(3). 0927-7099

Book Section

Venkatachalam, Ragupathy and Wang, Shu G.. 2023. Computational Thinking in Economics and Finance: Introductory Remarks. In: Ragupathy Venkatachalam, ed. Artificial Intelligence, Learning and Computation in Economics and Finance. Cham, Switzerland: Springer, pp. 1-12. ISBN 9783031152931

Venkatachalam, Ragupathy. 2022. Resemblances and Disjunctions: Art, Mathematics and Economic Models. In: Stratos Myrogiannis and Constantinos Repapis, eds. Economics and Art Theory. Abingdon: Routledge, pp. 103-127. ISBN 9780367615383

Venkatachalam, Ragupathy and Zambelli, Stefano. 2021. Sraffa, Money and Distribution. In: Ajit Sinha, ed. A Reflection on Sraffa’s Revolution in Economic Theory. Cham, Switzerland: Palgrave Macmillan, pp. 455-497. ISBN 9783030472054

Venkatachalam, Ragupathy and Zambelli, Stefano. 2021. Sraffa, Money and Distribution: a reply to Velupillai. In: Ajit Sinha, ed. A Reflection on Sraffa’s Revolution in Economic Theory. Cham, Switzerland: Palgrave Macmillan. ISBN 9783030472054

Venkatachalam, Ragupathy and Kao, Ying-Fang. 2021. Uniqueness in Planar Endogenous Business Cycle Theories. In: Kumaraswamy Velupillai, ed. Keynesian, Sraffian, Computable and Dynamic Economics: Theoretical and Simulational (Numerical) Approaches. Basingstoke: Palgrave Macmillan, pp. 273-310. ISBN 9783030581305

Chen, Shu-Heng and Venkatachalam, Ragupathy. 2018. The Use of Contextual Knowledge in a Digital Society. In: William Lawless; Ranjeev Mittu and Don Sofge, eds. Computational context: The value, theory and application of context with AI. Boca Raton, Florida: CRC Press. ISBN 9781138320642

Chen, Shu-Heng; Du, Ye-Rong; Kao, Ying-Fang; Venkatachalam, Ragupathy and Yu, Tina. 2018. On Complex Economic Dynamics: Agent-Based Computational Modeling and Beyond. In: Shu-Heng Chen; Ying-Fang Kao; Ragupathy Venkatachalam and Ye-Rong Du, eds. Complex Systems Modeling and Simulation in Economics and Finance. Cham: Springer, pp. 1-14. ISBN 978-3-319-99624-0

Chen, Shu-Heng; Kao, Ying-Fang; Chie, Bin-Tzong; Meyer, Timo and Venkatachalam, Ragupathy. 2017. Size Effects in Agent-Based Macroeconomic Models: An Initial Investigation. In: Utomo Sarjono Putro; Manabu Ichikawa and Manahan Siallagan, eds. Agent-Based Approaches in Economics and Social Complex Systems IX. 15 Post-Proceedings of The AESCS International Workshop 2015: Springer. ISBN 978-981-10-3661-3

Chen, Shu-Heng; Chie, Bin-Tzong; Kao, Ying-Fang; Magerl, Wolfgang and Venkatachalam, Ragupathy. 2017. Heterogeneity, Price Discovery and Inequality in an Agent-Based Scarf Economy. In: Shu-Heng Chen; Ying-Fang Kao; Ragupathy Venkatachalam and Ye-Rong Du, eds. Complex Systems Modeling and Simulation in Economics and Finance. Cham, Switzerland: Springer International Publishing, pp. 113-139. ISBN 9783319996240

Chen, Shu-Heng; Kao, Ying-Fang and Venkatachalam, Ragupathy. 2017. Computational Behavioural Economics. In: Roger Frantz; Shu-Heng Chen; Kurt Dopfer; Floris Heukelom and Shabnam Mousavi, eds. Routledge Handbook of Behavioral Economics. Routledge. ISBN 9781138821149

Chen, Shu-Heng and Venkatachalam, Ragupathy. 2017. Agent-Based Models and their Development Through the Lens of Networks. In: Yuji Aruka and Alan Kirman, eds. Economic Foundations for Social Complexity Science: Theory, Sentiments, and Empirical Laws. Singapore: Springer, pp. 89-106. ISBN 978-981-10-5704-5

K, Velupillai Vela and Venkatachalam, Ragupathy. 2016. Frank Plumpton Ramsey. In: Gilbert Faccarello and Heinz D. Kurz, eds. Handbook on the History of Economic Analysis Volume I. UK: Elgar, pp. 587-591. ISBN 978 1 84980 110 2

Article

Venkatachalam, Ragupathy and Kumar, Sunil Mitra. 2022. Economic Structures and Dynamics: A Morphogenetic View. Structural Change and Economic Dynamics, 61, pp. 474-485. ISSN 0954-349X

Agarwal, Bina; Venkatachalam, Ragupathy and Cerniglia, Floriana. 2022. Women, pandemics and the Global South: an introductory overview. Economia Politica, 39(1), pp. 15-30. ISSN 1120-2890

Venkatachalam, Ragupathy and Zambelli, Stefano. 2022. Self-replacing prices with credit and debt. Structural Change and Economic Dynamics, 60, pp. 451-466. ISSN 0954-349X

Kao, Ying-Fang and Venkatachalam, Ragupathy. 2021. Human and Machine Learning. Computational Economics, 57, pp. 889-909. ISSN 0927-7099

Velupillai, Kumaraswamy and Venkatachalam, Ragupathy. 2021. Herbert Alexander Simon: 15th June, 1916–9th February, 2001 A Life. Computational Economics, 57(3), pp. 795-797. ISSN 0927-7099

Velupillai, Kumaraswamy and Venkatachalam, Ragupathy. 2021. Preface: Special Issue of Computational Economics Commemorating the Birth Centennial of Herbert Simon. Computational Economics, 57(3), pp. 791-793. ISSN 0927-7099

Chen, Shu-Heng; Chie, Bin-Tzong; Kao, Ying-Fang and Venkatachalam, Ragupathy. 2019. Agent-Based Modeling of a Non-tâtonnement Process for the Scarf Economy: The Role of Learning. Computational Economics, 54, pp. 305-341. ISSN 0927-7099

Kumar, Sunil Mitra and Venkatachalam, Ragupathy. 2019. Caste and credit: A woeful tale? Journal of Development Studies, 55(8), pp. 1816-1833. ISSN 0022-0388

Chen, Shu-Heng and Venkatachalam, Ragupathy. 2017. Agent-Based Modelling as a Foundation for Big Data. Journal of Economic Methodology, 24(4), pp. 362-383. ISSN 1350-178X

Zambelli, Stefano; Fredholm, Thomas and Venkatachalam, Ragupathy. 2017. Robust measurement of national technological progress. Structural Change and Economic Dynamics, 42, pp. 38-55. ISSN 0954-349X

Chen, Shu-Heng and Venkatachalam, Ragupathy. 2017. Information aggregation and computational intelligence. Evolutionary and Institutional Economics Review, 14(1), pp. 231-252. ISSN 1349-4961

Venkatachalam, Ragupathy and Kumaraswamy, Velupillai Vela. 2016. Notes on a 'Constructive Proof of the Existence of a Collateral Equilibrium'. Computational Economics, 48(1), pp. 179-181. ISSN 0927-7099

Kumaraswamy, Velupillai Vela; Venkatachalam, Ragupathy and Zambelli, Stefano. 2014. Albert Aftalion and Business Cycle Theory: A Note. Economia Politica, XXXI(3), pp. 487-490. ISSN 1120-2890

Catturani, Ivana and Venkatachalam, Ragupathy. 2014. Optimal Interest Rates in Cooperative Banks with Non-member Customers. Journal of Entrepreneurial and Organizational Diversity, 3(1), pp. 181-200. ISSN 2281-8642

Venkatachalam, Ragupathy; Kumaraswamy, Velupillai Vela and Zambelli, Stefano. 2013. A Non-linear Model of the Trade Cycle: Mathematical Reflections on Hugh Hudson's Classic. Australian Economic Papers, 52(2), pp. 115-125. ISSN 0004-900X

Kao, Ying-Fang; Venkatachalam, Ragupathy; Kumaraswamy, Velupillai Vela and Zambelli, Stefano. 2012. Noncomputability, Unpredictability, Undecidability, and Unsolvability in Economic and Finance Theories. Complexity, 18(1), pp. 51-55. ISSN 1076-2787

Venkatachalam, Ragupathy and Velupillai, Kumaraswamy. 2012. Origins and Early Development of the Nonlinear Endogenous Mathematical Theory of the Business Cycle. Economia Politica. Journal of Analytical and Institutional Economics, XXIX(1), pp. 45-80. ISSN 1120-2890

Film/Video

Venkatachalam, Ragupathy. 2022. Interview with Prof. Anwar Shaikh on Capitalism.

Venkatachalam, Ragupathy. 2022. Interview with Prof. Jayati Ghosh on Development Policy, Gender and Trade.

Venkatachalam, Ragupathy. 2022. Interview with Prof. Vela Velupillai on Algorithmic Economics.