Economics and Finance

1705 Submissions

[3] viXra:1705.0364 [pdf] replaced on 2017-06-30 01:01:01

Price Uncertainty Principle

Authors: Chuanli Chen
Comments: 23 Pages.

In modern economy science, there are many theories that discuss the equilibrium. This convention was originally come from two famous economists Walras and Afred Marshall. Walras firstly finished the general equilibrium theory in 1874 in the book the mere economics to iustice. While Afred Marshall put forward the partial equilibrium in 1920. However, by observance, there was never the evidence for the existence of equilibrium. In this paper, I will put forward a new price theory, which is named Price Uncertainty Principle. I will point out the flaws of these two equilibrium theories and discuss why the price mechanism is not the invisible hand, then further discuss why partial equilibrium and general equilibrium are not existent. I will prove that there is no equilibrium point for the price and prices are always fluctuant in the market.
Category: Economics and Finance

[2] viXra:1705.0162 [pdf] replaced on 2017-06-09 01:12:01

Market Whirling Theory

Authors: Chuanli Chen
Comments: 30 Pages.

In the modern world, there are many theories which explain the economic crisis and economy periodic fluctuation, however, most of them are not so perfect to explain many phenomena happened in the history. In this paper, I will put forward a new theory and model that can explain the economic crisis and economy periodic fluctuation as well as giving policies on how to avoid economic crisis. My paper will analyze the direction of currency flow in the free market, and explain why the market is whirling all the time. It will also discuss the relation between money flow speed and GDP, explaining why accelerating the speed of money flow in the market can make a country rich.
Category: Economics and Finance

[1] viXra:1705.0089 [pdf] replaced on 2017-08-19 04:17:04

Quantum Political Economics the Characterization of Productive Forces and Production Relations

Authors: Erman ZENG
Comments: 15 Pages.

The mathematical characterization of “the Productive Forces” of a macro economic system is based upon the analogy between political economy and Newtonian mechanics, which is expressed as the product of the growth rate of the profit rate (p) and the surplus value (M), showing several quantum qualities like a photon quanta. The one-dimensional linear harmonic oscillator model can correlate the angular frequency with the change rate of the rate of profit thus with the economic growth rate, resulting the quantum-like interpretation of various business cycles. The matrix operator analysis of the Leontief’s input-output table, similar to the matrix mechanics of quantum physics, gives the Schrodinger function like value-price transformation eigen function, with the reduced organic composite of capital as the eigenvalue of the price wave function, namely the relations of production, leading to the "two Cambridge controversy" resolved. The statistic physical entropy increase theory combined with the Marx labor value function leads to the quantitative formulation of the relations of production.
Category: Economics and Finance