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Title | Axiomatic Theory of Economics by Victor Aguilar: |
Description | Purchase Book Table of Contents Journal Article Blog Software Simulation Directory of Names Fiction and Poetry Contact Victor Return to Home Victor Aguila |
Keywords | N/A |
WebSite | axiomaticeconomics.com |
Host IP | 192.185.46.66 |
Location | United States |
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US$253,956
Last updated: 2023-05-14 09:14:55
axiomaticeconomics.com has Semrush global rank of 41,677,812. axiomaticeconomics.com has an estimated worth of US$ 253,956, based on its estimated Ads revenue. axiomaticeconomics.com receives approximately 29,303 unique visitors each day. Its web server is located in United States, with IP address 192.185.46.66. According to SiteAdvisor, axiomaticeconomics.com is safe to visit. |
Purchase/Sale Value | US$253,956 |
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Purchase Book Table of Contents Journal Article Blog Software Simulation Directory of Names Fiction and Poetry Contact Victor Return to Home Victor Aguilar’s Axiomatic Theory of Economics is based on three axioms: 1) One’s value scale is totally (linearly) ordered: i) Transitive; p --> \(\leq \) q and q --> \(\leq \) r imply p --> \(\leq \) r ii) Reflexive; p --> \(\leq \) p iii) Anti-Symmetric; p --> \(\leq \) q and q --> \(\leq \) p imply p = q iv) Total; p --> \(\leq \) q or q --> \(\leq \) p 2) Marginal (diminishing) utility, u(s), is such that: i) It is independent of first-unit demand. ii) It is negative monotonic; that is, u’(s) < 0. iii) The integral of u(s) from zero to infinity is finite. 3) First-unit demand conforms to proportionate effect: i) Value changes each day by a proportion (called 1+ -->ε j , with j denoting the day), of the previous day’s value. ii) In the long run, the -->ε j ’s may be considered random as they are not directly |
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