Newtonian Microeconomics
Matti Estola
€ 184.59
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Description for Newtonian Microeconomics
Hardback. Num Pages: 464 pages, 45 black & white illustrations, 52 colour illustrations, biography. BIC Classification: KCA; KCC. Category: (P) Professional & Vocational. Dimension: 210 x 148. Weight in Grams: 755.
Presenting the dynamic laws of economic quantities, this book tackles one of the core difficulties of current economic theory: that of transforming abstract equations of equilibrium into precise dynamic rules. The theoretical framework of neoclassical micro theory has historically prohibited its development into a quantitative science. Estola identifies the main weaknesses of this framework as follows: 1) Static optimization does not allow for the modelling of time-dependent production and consumption flows; 2) The assumption of optimal behaviours forecloses any understanding of changes in economic quantities, as none will change its optimal behaviour. ... Read more
Show LessProduct Details
Format
Hardback
Publication date
2017
Publisher
Springer International Publishing AG Switzerland
Number of pages
464
Condition
New
Number of Pages
464
Place of Publication
Cham, Switzerland
ISBN
9783319468785
SKU
V9783319468785
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Matti Estola
Matti Estola is Senior Lecturer in Economics at the University of Eastern Finland. His research specialises in methodology, quantitative methods and econophysics. Estola has lectured in microeconomics at elementary, intermediate and advanced levels for over 20 years, and has published numerous articles on economic dynamics.
Reviews for Newtonian Microeconomics
“This book could be interesting for students of undergraduate- and graduate-level university courses in microeconomics, especially those interested in econophysics. The book presents a new methodological bridge between modeling principles in economics and physics.” (Ants Aasma, Mathematical Reviews, July, 2019)