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Time and Money

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

  • Jean-Pierre Aubin

Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 670)

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Jean-Pierre Aubin
    Pages 1-29
  3. Jean-Pierre Aubin
    Pages 31-45
  4. Jean-Pierre Aubin
    Pages 57-66
  5. Jean-Pierre Aubin
    Pages 67-83
  6. Jean-Pierre Aubin
    Pages 85-104
  7. Jean-Pierre Aubin
    Pages 119-126
  8. Jean-Pierre Aubin
    Pages 127-131
  9. Back Matter
    Pages 133-144

About this book

Introduction

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 which was motivated by economics at the end of the 1970's (see Dynamic Economic Theory: a Viability Approach, Springer, (1996).  It is used here 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 commodities transactions, fluctuations of prices and numeraire units: 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.

Keywords

Economic Risk Economic Viability Intertemporal Optimization Minimum Endowment Scarcity Constraints Transaction Values Viability Theory

Authors and affiliations

  • Jean-Pierre Aubin
    • 1
  1. 1.VIMADES (Viabilité, Marchés, Automatique et Décision)ParisFrance

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-00005-3
  • Copyright Information Springer International Publishing Switzerland 2014
  • Publisher Name Springer, Cham
  • eBook Packages Business and Economics
  • Print ISBN 978-3-319-00004-6
  • Online ISBN 978-3-319-00005-3
  • Series Print ISSN 0075-8442
  • Series Online ISSN 2196-9957
  • Buy this book on publisher's site
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