Time and Money: How Long and How Much Money is Needed to Regulate a Viable Economy

Time and Money: How Long and How Much Money is Needed to Regulate a Viable Economy

by Jean-Pierre Aubin
     
 

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 which was motivated by economics at the end of the 1970's (see Dynamic Economic Theory: a Viability Approach, Springer, (1996). It is used here to analyze how an economy should be dynamically endowed

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Overview

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 which was motivated by economics at the end of the 1970's (see Dynamic Economic Theory: a Viability Approach, Springer, (1996). It is used here to analyze how an economy should be dynamically endowed so that it is economically viable.

Economic viability requires an assumption on the joint evolution ofcommodities transactions, fluctuations of prices and numeraire units: 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 andmathematically interested economists but the book may also be beneficial for graduate students.

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Product Details

ISBN-13:
9783319000046
Publisher:
Springer International Publishing
Publication date:
09/30/2013
Series:
Lecture Notes in Economics and Mathematical Systems Series, #670
Edition description:
2014
Pages:
144
Product dimensions:
6.00(w) x 9.00(h) x 0.50(d)

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