Professor Ragupathy Venkatachalam

Ragupathy's research focuses on the interface between computation and economics, economic dynamics, discrimination, causal inference, history and methodology of economics.

Staff details

Position

Professor of Economics

Department

Institute of Management Studies

Email

r.venkatachalam (@gold.ac.uk)

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.

Publications and research outputs

Edited Book

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

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

Book Section

Computational Thinking in Economics and Finance: Introductory Remarks 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
Resemblances and Disjunctions: Art, Mathematics and Economic Models 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
Sraffa, Money and Distribution 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

Sraffa, Money and Distribution: a reply to Velupillai 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
Uniqueness in Planar Endogenous Business Cycle Theories 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
The Use of Contextual Knowledge in a Digital Society 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
On Complex Economic Dynamics: Agent-Based Computational Modeling and Beyond 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
Size Effects in Agent-Based Macroeconomic Models: An Initial Investigation 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
Computational Behavioural Economics 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
Heterogeneity, Price Discovery and Inequality in an Agent-Based Scarf Economy 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
Agent-Based Models and their Development Through the Lens of Networks 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
Frank Plumpton Ramsey 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

Against Standardisation: Reflections on Decolonisation, Logic and Economics Venkatachalam, Ragupathy; Diviya, . and Kumar, Sunil Mitra. 2025. Against Standardisation: Reflections on Decolonisation, Logic and Economics. New Mathematics and Natural Computation, ISSN 1793-0057
Poor economics and its missing mechanisms: The case for causal mediation Kumar, Sunil Mitra and Venkatachalam, Ragupathy. 2024. Poor economics and its missing mechanisms: The case for causal mediation. Review of Development Economics, 28(4), pp. 2014-2033. ISSN 1363-6669
Economic Structures and Dynamics: A Morphogenetic View 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

Film/Video

Interview with Prof. Vela Velupillai on Algorithmic Economics Venkatachalam, Ragupathy. 2022. Interview with Prof. Vela Velupillai on Algorithmic Economics.
Interview with Prof. Jayati Ghosh on Development Policy, Gender and Trade Venkatachalam, Ragupathy. 2022. Interview with Prof. Jayati Ghosh on Development Policy, Gender and Trade.
Interview with Prof. Anwar Shaikh on Capitalism Venkatachalam, Ragupathy. 2022. Interview with Prof. Anwar Shaikh on Capitalism.

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