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Item Details
| Title:
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TIME AND MONEY
HOW LONG AND HOW MUCH MONEY IS NEEDED TO REGULATE A VIABLE ECONOMY |
| By: |
Jean-Pierre Aubin |
| Format: |
Paperback |
| List price:
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£54.99 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
3319000047 |
| ISBN 13: |
9783319000046 |
| Publisher: |
SPRINGER INTERNATIONAL PUBLISHING AG |
| Pub. date: |
27 August, 2013 |
| Edition: |
2014 ed. |
| Series: |
Lecture Notes in Economics and Mathematical Systems 670 |
| Pages: |
144 |
| Description: |
This book presents an unconventional approach to an important topic in economic theory. It applies the theory of viability to analyze how an economy should be dynamically endowed so that it is economically viable. |
| Synopsis: |
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. |
| Illustrations: |
29 Illustrations, color; 3 Illustrations, black and white; XVIII, 144 p. 32 |
| Publication: |
Switzerland |
| Imprint: |
Springer International Publishing AG |
| Returns: |
Returnable |
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