Symmetry and Economic Invariance: an Introduction |
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| Author:
| Sato, Ryuzo
Ramachandran, Rama V. |
| Series title: | Research Monographs in Japan-U. S. Business and Economics Ser. |
| ISBN: | 978-1-4613-7519-7 |
| Publication Date: | Oct 2012 |
| Publisher: | Springer
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| Book Format: | Paperback |
| List Price: | USD $109.99 |
Book Description:
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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...
More DescriptionSymmetry 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.