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.