On growth in disequilibrium

Article Abstract:

This article discusses the contradictions of assumed economic growth along an optimal path in static equilibrium. The author asserts that it is possible to formulate an endogenous growth model using constant returns without the equilibrium assumption that resources, labor and capital must be equal to factor shares in national accounts; a more general product function is used.

Models, Analysis, Economic aspects, Economic development, Growth, Growth (Physiology), Equilibrium (Economics)

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Monotone price movements: a non-Euclidean approach

Article Abstract:

This article provides a mathematical model for price movements, defining the angle between the price vector at the generic rate of profit and the maximum rate of profit. The author asserts that the angle required for these results are only the familiar Euclidean angle in some cases.

Usage, Evaluation, Economics, Pricing, Euclidean geometry, Monotonic functions

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