Logo - springer
Slogan - springer

Economics - Economic Theory | Time and Money - How Long and How Much Money is Needed to Regulate a Viable Economy

Time and Money

How Long and How Much Money is Needed to Regulate a Viable Economy

Aubin, Jean-Pierre

2014, XVIII, 144 p. 32 illus., 29 illus. in color.

Available Formats:

Springer eBooks may be purchased by end-customers only and are sold without copy protection (DRM free). Instead, all eBooks include personalized watermarks. This means you can read the Springer eBooks across numerous devices such as Laptops, eReaders, and tablets.

You can pay for Springer eBooks with Visa, Mastercard, American Express or Paypal.

After the purchase you can directly download the eBook file or read it online in our Springer eBook Reader. Furthermore your eBook will be stored in your MySpringer account. So you can always re-download your eBooks.


(net) price for USA

ISBN 978-3-319-00005-3

digitally watermarked, no DRM

Included Format: PDF and EPUB

download immediately after purchase

learn more about Springer eBooks

add to marked items


Softcover (also known as softback) version.

You can pay for Springer Books with Visa, Mastercard, American Express or Paypal.

Standard shipping is free of charge for individual customers.


(net) price for USA

ISBN 978-3-319-00004-6

free shipping for individuals worldwide

usually dispatched within 3 to 5 business days

add to marked items

  • Presents an unconventional approach to an important topic in economics
  • Includes a mathematically rigorous presentation of the material
  • Written by a leading expert in the field

This authored monograph presents an unconventional approach to an important topic in economic theory. The author is an expert in the field of viability theory which was motivated by economics at the end of the 1970's (see Dynamic Economic Theory: a Viability Approach, Springer, (1996).  It is used here to analyze how an economy should be dynamically endowed so that it is economically viable. 


Economic viability requires an assumption on the joint evolution of commodities transactions, fluctuations of prices and numeraire units: the sum of the “transactions values” and the “impact of price fluctuations” should be negative or equal to zero. The book presents a computation of the minimum endowment which restores economic viability and derives the dynamic laws that regulate both transactions and price fluctuations. 


The target audience primarily comprises open-minded and mathematically interested economists but the book may also be beneficial for graduate students.

Content Level » Research

Keywords » Economic Risk - Economic Viability - Intertemporal Optimization - Minimum Endowment - Scarcity Constraints - Transaction Values - Viability Theory

Related subjects » Complexity - Economic Theory - Macroeconomics / Monetary Economics / Growth - Mathematics

Table of contents / Sample pages 

Popular Content within this publication 



Read this Book on Springerlink

Services for this book

New Book Alert

Get alerted on new Springer publications in the subject area of Economic Theory.