Time and Money
How Long and How Much Money is Needed to Regulate a Viable Economy
1st Edition
Published on 26. August 2013
XVIII, 144 pages
978-3-319-00005-3 (ISBN)
Description
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.
More details
Series
Language
English
Place of publication
Cham
Switzerland
Publishing group
Springer International Publishing
Target group
Professional and scholarly
Product notice
Reflowable
Illustrations
XVIII, 144 p. 32 illus., 29 illus. in color.
File size
2,37 MB
ISBN-13
978-3-319-00005-3 (9783319000053)
DOI
10.1007/978-3-319-00005-3
Schweitzer Classification
Other editions
Additional editions
Book
09/2013
1st Edition
Springer
€53.49
Shipment within 10-15 days
Content
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?.
