Economics and Finance

1705 Submissions

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

Price Uncertainty Principle

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

Market Whirling Theory

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

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