We introduce a non-wellfounded proof system for intuitionistic logic extended with inductive and co-inductive definitions, based on a syntax in which fixpoint formulas are annotated with explicit variables for ordinals. We explore the computational content of this system, in particular we introduce a notion of computability and show that every valid proof is computable. As a consequence, we obtain a normalization result for proofs of what we call finitary formulas. A special case of this result is that every proof of a sequent of the appropriate form represents a unique function on natural numbers. Finally, we derive a categorical model from the proof system and show that least and greatest fixpoint formulas correspond to initial algebras and final coalgebras respectively.

@article{paperbot3977,
  title = {Computation by infinite descent made explicit},
  author = {Sebastian Enqvist},
  journal = {Logical Methods in Computer Science},
  volume = {Volume 22, Issue 2},
  year = {2026},
  doi = {10.46298/lmcs-22(2:32)2026}
}