书目名称 | Newtonian Microeconomics |
副标题 | A Dynamic Extension |
编辑 | Matti Estola |
视频video | |
概述 | Defines economic forces acting upon economic quantities.Defines and applies a system of measurement units for economics.Compares results of every presented theory with observed economic behaviour.Prov |
图书封面 |  |
描述 | .Presenting the dynamic laws of economic quantities, this booktackles one of the core difficulties of current economic theory: that oftransforming abstract equations of equilibrium into precise dynamic rules. Thetheoretical framework of neoclassical micro theory has historically prohibitedits development into a quantitative science. Estola identifies the mainweaknesses of this framework as follows: 1) Static optimization does not allowfor the modelling of time-dependent production and consumption flows; 2) Theassumption of optimal behaviours forecloses any understanding of changes ineconomic quantities, as none will change its optimal behaviour. The author ofthis title assumes that economic units tend to better their situation wherepossible. The book demonstrates how this approach leads to an analogousframework in economics to the Newtonian framework in physics. The ‘forces’ actingupon economic quantities, which either cause adjustment toward an equilibriumstate or keep the system in motion with time, are defined such that theneoclassical framework corresponds to a ‘zero-force’ situation. Introducing asystem of measurement units for economic phenomena, Estola applies thisthroughout |
出版日期 | Book 2017 |
关键词 | Econophysics; Behavioural economics; Measurement; Consumer behaviour; Resource economics; Newtonian theor |
版次 | 1 |
doi | https://doi.org/10.1007/978-3-319-46879-2 |
isbn_softcover | 978-3-319-83610-2 |
isbn_ebook | 978-3-319-46879-2 |
copyright | The Editor(s) (if applicable) and The Author(s) 2017 |