Differential Models and Neural Systems for Controlling the Wealth of Nations

Chukwu, E. N.

ISBN 10: 9810243812 / ISBN 13: 9789810243814

Published by World Scientific Pub Co Inc, 2001

About this Item

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Seller Inventory # ORD-3-S0-HC-9810243812-1P9-B20-2001

Bibliographic Details

• Title: Differential Models and Neural Systems for Controlling the Wealth of Nations
• Publisher: World Scientific Pub Co Inc
• Publication Date: 2001
• Language: English
• ISBN 10: 9810243812
• ISBN 13: 9789810243814
• Binding: Hardcover
• Edition: 1st Edition
• Condition: Very Good
• Weight: 1.9 pounds

About this title

Synopsis

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.

Review

Excellent reference lists are provided ... a book worthwhile reading for all researchers interested in this budding approach to economic analysis. -- Mathematical Reviews, 2002