The Economic Metronome

The economic metronome (IM) is a term for a mathematical formula of a set of fundamental interrelations of a key importance for the value-monetary expression among: the main factors of business activity of any kind; their productivity; the primary proportions in production, distribution, exchange and consumption of the commodities; the development rates of any activity. The formula is an attempt to create an instrument to measure more precisely the potential opportunity and the actually achieved efficiency of the business activity, for more-reliable forecast and projection of its development in the future at the stage of investments and innovations.

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Year of publication:	2010
Authors:	Balabanov, Iliya ; Vitanov, Nikolay Ê.
Published in:	Economic Thought journal. - Economic Research Institute, ISSN 0013-2993. - 2010, 6, p. 3-33
Publisher:	Economic Research Institute

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Type of publication:	Article
Classification:	B41 - Economic Methodology ; B59 - Current Heterodox Approaches. Other ; C02 - Mathematical Methods ; C62 - Existence and Stability Conditions of Equilibrium ; D21 - Firm Behavior ; E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008763779