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portada time and money: how long and how much money must be endowed for regulating a viable economy
Type
Physical Book
Author
Publisher
Year
2013
Language
English
Pages
144
Format
Paperback
Dimensions
22.9 x 15.2 x 1.3 cm
Weight
0.25 kg.
ISBN
3319000047
ISBN13
9783319000046
Categories

time and money: how long and how much money must be endowed for regulating a viable economy

Jean-Pierre Aubin (Author) · Springer · Paperback

time and money: how long and how much money must be endowed for regulating a viable economy - Aubin, Jean-Pierre

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Synopsis "time and money: how long and how much money must be endowed for regulating a viable economy"

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.

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