From Economic Agents to Agentic Economies: A Systems Blueprint for Economic World Models
TLDR
This paper proposes a six-level capability ladder for building economic world models as generative engines, surveying existing work and providing an implementation blueprint for future simulation environments.
Reasoning
The paper provides a clear taxonomy and systematic survey of economic world models, which is a strength. However, it lacks concrete experimental validation or real-world implementations, focusing instead on a conceptual roadmap and literature review.
Read-first score
Read-first score 36.5, weighted from topical fit, citation, graph, method, reproducibility, and recency signals. Original total remains 35.
Field roles
Rank sensitivity
Stability: volatile; rank range: 183.
Keyword Scores
Deep Analysis
Innovations
- A six-level capability ladder for economic world models, spanning fixed rule-based agents to sim-to-real economic twins
- An implementation roadmap for building generative economic world models with co-evolving agents, markets, and institutions
- A systematic literature survey mapping existing economic simulation work to the capability ladder and identifying underexplored higher-level capabilities
Methodology
The paper develops a conceptual framework by organizing economic world model systems into a six-level capability ladder and then conducts a systematic literature survey to classify existing work according to these levels, revealing the distribution of research across lower and higher capabilities.
Key Results
The literature survey finds that existing work is concentrated in lower-level agent and simulation environments, while systems featuring self-evolving agents, endogenous institutions, persistent empirical alignment, and validated economic mechanisms remain rare.
Limitations
- The work is a blueprint and literature survey, not an implemented or validated economic world model system
- The higher-level capabilities (self-evolving agents, endogenous institutions, sim-to-real twins) are aspirational and currently lack empirical realization
- The curated paper list provides a snapshot of the field and may not capture all relevant work or emerging developments