[3] **viXra:1705.0364 [pdf]**
*replaced on 2017-10-14 16:41:47*

**Authors:** Chuanli Chen

**Comments:** 22 Pages.

In modern economics, there are many theories that discuss the equilibrium. This
convention was originally from two famous economists Leon Walras and Afred
Marshall. Walras first described general equilibrium theory in 1874. Afred Marshall
put forward the partial equilibrium theory in 1920. However, there was never any
observational 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 non-existent. I will prove that there is
no price equilibrium point and market prices are always fluctuating

**Category:** Economics and Finance

[2] **viXra:1705.0162 [pdf]**
*replaced on 2017-10-14 20:04:39*

**Authors:** Chuanli Chen

**Comments:** 29 Pages.

Many theories claim to explain economic crises and periodic fluctuations in the
economy, however, most of them are imperfect at explaining many phenomena
throughout history. In this paper, I put forward a new theory and model that explains
economic crises and periodic fluctuations in the economy as well as policies for
avoiding economic crises. This paper analyzes the direction of currency flow in the
free market, and explains why the market is constantly whirling. It also discusses the
relationship 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*

**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