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Englisch
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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.
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.
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 |