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Time and Money: How Long and How Much Money Is Needed to Regulate a Viable Economy

Time and Money: How Long and How Much Money Is Needed to Regulate a Viable Economy

Paperback

Series: Lecture Notes in Economic and Mathematical Systems, Book 670

EconomicsCalculus

ISBN10: 3319000047
ISBN13: 9783319000046
Publisher: Springer Nature
Published: Sep 10 2013
Pages: 144
Weight: 0.55
Height: 0.50 Width: 6.00 Depth: 9.00
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.

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Calculus