In this paper we have used probability economics as a tool of unification of the market process concept of Austrian economics and the supply and demand laws and equilibrium state concepts of neoclassical economics. The new agent-based trade maximization principle has been proposed to serve as a...

This essay is the sequel of a series of articles we have written, dedicated to the elaboration of a complex of fundamentally new economic models, which we named probability economics. In all of these models we implement the concept of uncertainty and probability, step by step. Specifically, in...

What is market price? This question is the focus of attention in the present essay that is the part of the series devoted to elaboration of probability economics. This concept is defined as a new quantitative method for description, analysis, and investigation of both model and real economies...

What are supply and demand? In the present essay the notion of supply and demand in the market, traditional to economics, is exposed to critical rethinking from the point of view of uncertainty and probability concept. The Stationary Probability Price Space Model is developed for the description...

Methods of theoretical physics, classical mechanics and quantum mechanics are used to develop classical and quantum models of economies and to derive their equations of motion that describe economy evolution in time, namely, Lagrange and Schrodinger equations correspondingly. The book is...

What is market force? Much attention will be given to this important question in this essay which is the third one in our work series. We pursue the development of probability economics that is defined as a new quantitative method for description, analysis, and investigation of both the model...

This monograph presents the foundations of the probabilistic theory of stock exchanges, built on the basis of probabilistic economic theory. Analytical and numerical methods of this theory are used for calculation of temporal dynamics of market prices and trade volumes of various assets on the...