Showing 1 - 10 of 30
Persistent link: https://www.econbiz.de/10012821457
Persistent link: https://www.econbiz.de/10012810416
The mathematical analogies between economics and classical mechanics can be extended from constrained optimization to constrained dynamics by formalizing economic (constraint) forces and economic power in analogy to physical (constraint) forces in Lagrangian mechanics. In a...
Persistent link: https://www.econbiz.de/10012176283
Persistent link: https://www.econbiz.de/10012658794
For more than 100 years economists have tried to describe economics in analogy to physics, more precisely to classical Newtonian mechanics. The development of the Neoclassical General Equilibrium Theory has to be understood as the result of these efforts. But there are many reasons why General...
Persistent link: https://www.econbiz.de/10015270562
Since the beginnings of modern economics, economists sought to emulate the revolution in physics initiated by Newton's 'Principia' (1687). Concepts from mechanics have influenced economic models both in terms of methodology and content. The aim of this theoretical paper is to put forward a novel...
Persistent link: https://www.econbiz.de/10011757099
The mathematical analogies between economics and classical mechanics can be extended from constrained optimization to constrained dynamics by formalizing economic (constraint) forces and economic power in analogy to physical (constraint) forces in Lagrangian mechanics. In a...
Persistent link: https://www.econbiz.de/10012178178
Persistent link: https://www.econbiz.de/10012405380
Worldwide, politics are challenged to achieve economic stability, socialjustice, and ecological sustainability. These goals are often played offagainst each other,and some suspect that market economies (aka capitalism) are basically unable to solvethese dilemmas. This article explores the...
Persistent link: https://www.econbiz.de/10012586259
Is fostering economic growth a question of political will or "unavoidable" to maintain economic stability? It is disputed whether such 'growth imperatives' are located within the current monetary system, creating a conflict with sustainability. To examine the claim that compound interest causes...
Persistent link: https://www.econbiz.de/10011518221