Symmetry and Economic Invariance

Business & Finance, Economics, Theory of Economics
Cover of the book Symmetry and Economic Invariance by Ryuzo Sato, Rama V. Ramachandran, Springer Japan
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Author: Ryuzo Sato, Rama V. Ramachandran ISBN: 9784431544302
Publisher: Springer Japan Publication: December 9, 2013
Imprint: Springer Language: English
Author: Ryuzo Sato, Rama V. Ramachandran
ISBN: 9784431544302
Publisher: Springer Japan
Publication: December 9, 2013
Imprint: Springer
Language: English

Symmetry and Economic Invariance (second enhanced edition) explores how the symmetry and invariance of economic models can provide insights into their properties. Although the professional economist of today is 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. Part I provides an introduction that minimizes prerequisites including prior knowledge of group theory. Part II discusses recent developments in the field.

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Symmetry and Economic Invariance (second enhanced edition) explores how the symmetry and invariance of economic models can provide insights into their properties. Although the professional economist of today is 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. Part I provides an introduction that minimizes prerequisites including prior knowledge of group theory. Part II discusses recent developments in the field.

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