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Mathematical Economics, Social Science and Political Science are inter-related. In this paper, an attempt has been made to describe aspects of these subjects by introducing examples, definitions, mathematical calculations and discussions. Game Theory is included in this paper to study...
Persistent link: https://www.econbiz.de/10011259154
Mathematical Economics is closely related with Social Choice Theory. In this paper, an attempt has been made to show this relation by introducing utility functions, preference relations and Arrow’s impossibility theorem with easier mathematical calculations. The paper begins with some...
Persistent link: https://www.econbiz.de/10011260951
This paper is related to social welfare and sustainability. The real NNP represents the maximized value of flow of goods and services that are produced by the productive assets of the society. It is important to investigate whether the concept of NNP can serve as an indicator of sustainability....
Persistent link: https://www.econbiz.de/10011112365
This paper discusses the theory of the net national product and, emphasizes on social welfare and sustainable accounting in open economy. It is observed that the world economy following an egalitarian path, the aggregate capital gains being positive is equivalent to the interest rate tending to...
Persistent link: https://www.econbiz.de/10011113808