Jean-Pierre Aubin

(Author)

Time and Money: How Long and How Much Money Is Needed to Regulate a Viable Economy (2014)Paperback - 2014, 10 September 2013

Time and Money: How Long and How Much Money Is Needed to Regulate a Viable Economy (2014)
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Part of Series
Lecture Notes in Economic and Mathematical Systems
Print Length
144 pages
Language
English
Publisher
Springer
Date Published
10 Sep 2013
ISBN-10
3319000047
ISBN-13
9783319000046

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.

Product Details

Author:
Jean-Pierre Aubin
Book Edition:
2014
Book Format:
Paperback
Country of Origin:
NL
Date Published:
10 September 2013
Dimensions:
22.86 x 15.24 x 1.27 cm
ISBN-10:
3319000047
ISBN-13:
9783319000046
Language:
English
Location:
Cham
Pages:
144
Publisher:
Weight:
249.48 gm

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