Symmetry and Economic Invariance: An Introduction

Symmetry and Economic Invariance: An Introduction

by Ryuzo Sato, Rama V. Ramachandran
     
 

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Symmetry and Economic Invariance: An Introduction explores how symmetry and invariance of economic models can provide insights into their properties. While the professional economist is nowadays adept at many of the mathematical techniques used in static and dynamic optimization models, group theory is still not among his or her repertoire of tools. The authors

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Overview

Symmetry and Economic Invariance: An Introduction explores how symmetry and invariance of economic models can provide insights into their properties. While the professional economist is nowadays adept at many of the mathematical techniques used in static and dynamic optimization models, group theory is still not among his or her repertoire of tools. The authors aim to show that group theoretic methods form a natural extension of the techniques commonly used in economics and that they can be easily mastered.

Editorial Reviews

Booknews
Explores how symmetry and invariance of economic models can provide insights into their properties. The authors show that group theoretic methods form a natural extension of the techniques commonly used in economics and that they can be easily mastered. Chapters use these methods to discuss well-known questions in consumer theory; to examine duality and self-duality; to consider the properties of index numbers; and to derive conservation laws. Annotation c. by Book News, Inc., Portland, Or.

Product Details

ISBN-13:
9781461375197
Publisher:
Springer US
Publication date:
10/28/2012
Series:
Research Monographs in Japan-U.S. Business and Economics Series, #3
Edition description:
Softcover reprint of the original 1st ed. 1998
Pages:
134
Product dimensions:
6.10(w) x 9.25(h) x 0.01(d)

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