Differential Models and Neutral Systems for Controlling the Wealth of Nations (Hardcover) (ISBN-13: 9789810243814)

This monograph derives from familiar economic principles the dynamics of national income, the interest rate, employment, the value of capital stock, prices, and the cumulative balance of payments. This is a Volterra neutral integrodifferential game of pursuit. The quarry control is government intervention in the form of taxation, control of money supply, tariffs, foreign credit, interest equalization tax, preferential trade agreements (which reduce trade barriers and enhance trade flows between nations), transportation and distance between trading partners. The pursuer controls include wages and productivity. The book provides conditions for controllability and then deduces how big government intervention (compared with private firms' contributions) should be to ensure the possibility of growth.The reader is assumed to be familiar with advanced calculus and to have a working knowledge of ordinary differential equations. The required theory of hereditary systems can be obtained from the book itself.

Author: Ethelbert Nwakuche Chukwu
ISBN-10: 9810243812
ISBN-13: 9789810243814
Publisher: World Scientific Publishing Company
Language: English
Published: 01/02/2001
Pages: 536
Format: Hardcover
Weight: 1.90lbs
Size: 8.60h x 6.10w x 1.30d