Methods in economic dynamics
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Book Details
Author(s)Sergey Khrissanoff
PublisherFriesenPress
ISBN / ASIN1460267273
ISBN-139781460267271
AvailabilityUsually ships in 24 hours
Sales Rank99,999,999
MarketplaceUnited States 🇺🇸
Description ▲
Economic relations are considered as commodity-financial exchange process. Economic network is consisted of two parallel networks: commodity-production network and financial one. Economic network is the set of the production-consumption elements and the channels of connections among them. Market is the process of commodity transference through the channels. The financial network processing is the reflection of the commodity-production network processing. The pair of the production and financial equations is based on the algebra of cubic matrices. Different levels of the economics (micro-, macro-) have the similar structures of the difference equations which are the representation of economics as the dynamic systems in random media.