Newtonian Microeconomics

Viac o knihe

Focusing on the limitations of traditional neoclassical micro theory, this book addresses the challenge of converting abstract economic equations into actionable dynamic rules. It critiques static optimization for failing to account for time-dependent production and consumption flows and argues that optimal behavior assumptions hinder understanding of economic changes. By proposing a framework analogous to Newtonian physics, the author introduces a system of measurement units for economic phenomena, paving the way for a more quantitative approach in microeconomics.