Symmetry and Economic Invariance
Ryuzo Sato, Rama V. RamachandranBooks.org participates in affiliate programs including Bookshop.org and the Amazon Services LLC Associates Program. We may earn a commission from qualifying purchases made through links on this page, at no additional cost to you.
Overview
Symmetry and Economic Invariance: An Introduction explores how symmetry and invariance of economic models can provide insights into their properties. While the professional economist is nowadays adept at many of the mathematical techniques used in static and dynamic optimization models, group theory is still not among his or her repertoire of tools. The authors aim to show that group theoretic methods form a natural extension of the techniques commonly used in economics and that they can be easily mastered.Synopsis
Symmetry and Economic Invariance: An Introduction explores how symmetry and invariance of economic models can provide insights into their properties. While the professional economist is nowadays adept at many of the mathematical techniques used in static and dynamic optimization models, group theory is still not among his or her repertoire of tools. The authors aim to show that group theoretic methods form a natural extension of the techniques commonly used in economics and that they can be easily mastered.
Booknews
Explores how symmetry and invariance of economic models can provide insights into their properties. The authors show that group theoretic methods form a natural extension of the techniques commonly used in economics and that they can be easily mastered. Chapters use these methods to discuss well-known questions in consumer theory; to examine duality and self-duality; to consider the properties of index numbers; and to derive conservation laws. Annotation c. by Book News, Inc., Portland, Or.