Overview
- Demonstrates how group theory provides insights into the dynamics and the equilibriums of economic models
- Provides an introduction to group theory for economists, assuming no prior knowledge
- Presents a simple characterization of the equilibrium path of dynamic models
Part of the book series: Advances in Japanese Business and Economics (AJBE, volume 1)
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (12 chapters)
-
Front Matter
-
Back Matter
-
Recent Developments
-
Front Matter
-
-
Back Matter
Keywords
About this book
Reviews
From the book reviews:
“The monograph provides an introduction to the application of group theory, a mathematical tool, to examine the structure of economic models. … It will be useful for postgraduate students and researches specializing in dynamical models of economics.” (Sergei Georgievich Zhuravlev, zbMATH, Vol. 1291, 2014)Authors and Affiliations
About the authors
Ryuzo Sato
Ryuzo Sato is C.V. Starr Professor Emeritus of Economics at the Stern School of Business, New York University. He was director of the Center for Japan–U.S. Business and Economic Studies at the Stern School. Prior to becoming a Stern faculty member, he was a professor of economics at Brown University. Professor Sato also taught at Harvard University, The University of Tokyo, Kyoto University, and Bonn University. He was the founding chief editor of Japan and the World Economy, an international theory and policy journal.
For more than 40 years, Professor Sato has divided his time between Japan and the USA, and he conducts research, gives lectures, and writes on the subject of Japan–US relations.
Recent work includes Biased Technical Change and Economic Conservation Laws (Springer, 2006), Growth Theory and Technical Change: The Selected Essays of Ryuzo Sato, vol. 1 (Edward Elgar, 1996), Production, Stability and DynamicSymmetry: The Selected Essays of Ryuzo Sato, vol. 2 (Edward Elgar, 1999), and Theory of Technical Change and Economic Invariance: Application of Lie Groups (Academic Press, 1981; reprint, new version, Edward Elgar, 1999). Professor Sato also writes columns regularly for several Japanese newspapers.
Professor Sato, who was a Fulbright Scholar, received his B.A. in economics and his Dr. Economics from Hitotsubashi University in Tokyo, and his Ph.D. in economics from Johns Hopkins University. His principal areas of research interest are mathematical economics and economic growth.
Rama V.Ramachandran
Rama V.Ramachandran received his master’s degree from Madras University, India, and his Ph.D. from Brown University in the U.S.A. He was a faculty member of the Department of Economics of Southern Methodist University and the Department of Economics of the Stern School of Business, New York University. He was associate director of the Center for Japan–U.S. Business and Economics at the Stern School. His research interests were in microeconomics and growth theory. After retirement, he has focused on economic pedagogy and authored an innovative introduction to microeconomics, Opportunities and Choices: Understanding Our Economic Decisions. (http://www.visualeconomicanalysis.info/index.html)
Bibliographic Information
Book Title: Symmetry and Economic Invariance
Authors: Ryuzo Sato, Rama V. Ramachandran
Series Title: Advances in Japanese Business and Economics
DOI: https://doi.org/10.1007/978-4-431-54430-2
Publisher: Springer Tokyo
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer Japan 2014
Hardcover ISBN: 978-4-431-54429-6Published: 19 December 2013
Softcover ISBN: 978-4-431-56083-8Published: 23 August 2016
eBook ISBN: 978-4-431-54430-2Published: 09 December 2013
Series ISSN: 2197-8859
Series E-ISSN: 2197-8867
Edition Number: 2
Number of Pages: XII, 273
Number of Illustrations: 44 b/w illustrations
Topics: Economic Theory/Quantitative Economics/Mathematical Methods, History of Economic Thought/Methodology