Die Statistik war in ihren Anfängen "Staatszustandswissenschaft", Fürsten erfassten darin in der Kammer ihr jeweiliges Territorium. Durch die Bevölkerungswissenschaft wandelte sie sich schrittweise zu einer formalmathematischen Theorie. Parallel dazu setzte sich die Geldökonomie immer mehr...

Financial analyses such as valuation, solvency and capital adequacy play a crucial role in bankruptcy. Over the course of the 20th century, methods of financial analysis in bankruptcy have shifted from earnings multiples to discounted cash flow (DCF) and recently to market-based approaches such...

Economists are fond of the physicists' powerful tools. As a popular mindset Toolism is as old as economics but the transplants failed to produce the same successes as in their aboriginal environment. Economists therefore looked more and more to the math department for inspiration. Now the tide...

Economists are fond of the physicists’ powerful tools. As a popular mindset Toolism is as old as economics but the transplants failed to produce the same successes as in their aboriginal environment. Economists therefore looked more and more to the math department for inspiration. Now the tide...

La versión española de este artículo se puede encontrar en: https://ssrn.com/abstract=3132227. The TPS - Toyota Production System first known worldwide as Just In Time (JIT), then as Lean Production, however as Toyota claims, both names do not communicate and nor completely capture the spirit...

To organize all knowledge in biology in a coherent axiomatic system like mathematics or physics has been a dream for every scientist. This paper investigates the question how to formulate a set of axioms or fundamental laws governing all biological phenomena. We are able to identify a broad...

Die Statistik war in ihren Anfängen "Staatszustandswissenschaft", Fürsten erfassten darin in der Kammer ihr jeweiliges Territorium. Durch die Bevölkerungswissenschaft wandelte sie sich schrittweise zu einer formalmathematischen Theorie. Parallel dazu setzte sich die Geldökonomie immer mehr...

Two applications of the concept of statistical equilibrium, taken from statistical mechanics, are compared: a simple model of a pure exchange economy, constructed as an alternative to a walrasian exchange equilibrium, and a simple model of an industry, in which statistical equilibrium is used as...