Time and Money

How Long and How Much Money is Needed to Regulate a Viable Economy

Nonfiction, Science & Nature, Mathematics, Calculus, Business & Finance, Economics, Theory of Economics
Cover of the book Time and Money by Jean-Pierre Aubin, Springer International Publishing
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Author: Jean-Pierre Aubin ISBN: 9783319000053
Publisher: Springer International Publishing Publication: August 26, 2013
Imprint: Springer Language: English
Author: Jean-Pierre Aubin
ISBN: 9783319000053
Publisher: Springer International Publishing
Publication: August 26, 2013
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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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