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Beschreibung
This authored monograph presents an unconventional approach to an important topic in economic theory. The author is an expert in the field of viability theory and applies this theory to analyze how an economy should be dynamically endowed so that it is economically viable. Economic viability requires an assumption on the joint evolution of transactions, fluctuations of prices and units of numeraire goods: the sum of the ¿transactions values¿ and the ¿impact of price fluctuations¿ should be negative or equal to zero. The book presents a computation of the minimum endowment which restores economic viability and derives the dynamic laws that regulate both transactions and price fluctuations.
The target audience primarily comprises open-minded and mathematically interested economists but the book may also be beneficial for graduate students.
This authored monograph presents an unconventional approach to an important topic in economic theory. The author is an expert in the field of viability theory and applies this theory to analyze how an economy should be dynamically endowed so that it is economically viable. Economic viability requires an assumption on the joint evolution of transactions, fluctuations of prices and units of numeraire goods: the sum of the ¿transactions values¿ and the ¿impact of price fluctuations¿ should be negative or equal to zero. The book presents a computation of the minimum endowment which restores economic viability and derives the dynamic laws that regulate both transactions and price fluctuations.
The target audience primarily comprises open-minded and mathematically interested economists but the book may also be beneficial for graduate students.
Zusammenfassung

Presents an unconventional approach to an important topic in economics

Includes a mathematically rigorous presentation of the material

Written by a leading expert in the field

Includes supplementary material: [...]

Inhaltsverzeichnis
The Underlying Thesis.- How Long and How Much Endowing One Commodity.- Keeping the Endowment Above a Viability Threshold.- Uncertain Endowments and Economic Cycles.- Evolutions and their Temporal Windows.- Endowing Fundamental Values:Willingness To Pay.- Endowing Exchange Values: Adam Smith's Invisible Man.- Why Viability Theory?.- What Is to Be Done?.
Details
Erscheinungsjahr: 2013
Fachbereich: Volkswirtschaft
Genre: Recht, Sozialwissenschaften, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Reihe: Lecture Notes in Economics and Mathematical Systems
Inhalt: xviii
144 S.
3 s/w Illustr.
29 farbige Illustr.
144 p. 32 illus.
29 illus. in color.
ISBN-13: 9783319000046
ISBN-10: 3319000047
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Aubin, Jean-Pierre
Hersteller: Springer
Springer International Publishing AG
Lecture Notes in Economics and Mathematical Systems
Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße: 235 x 155 x 10 mm
Von/Mit: Jean-Pierre Aubin
Erscheinungsdatum: 10.09.2013
Gewicht: 0,26 kg
Artikel-ID: 105682331