Publisher's Synopsis
This volume presents an introduction to conventional fields of mathematical economy, particularly those concerned with systems of economic elements. A specific analysis is made of various economic mechanisms, from very straightforward to highly sophisticated, both in static and dynamic functioning of the system.;Management of a particular kind of variable ("pure" mechanisms) is discussed. Every mechanism is first described in detail and then the behaviour of a system with this mechanism is analyzed for feasibility of equilibrium and efficiency, both in static and dynamic cases.;The first part of the book initially takes up two kinds of situations - price and non-price co-ordination mechanisms. The second part concentrates on the dynamic states of an economic system, in particular a production system.;This work should be useful both to those who have just begun their training in mathematical economy, notably undergraduates and postgraduates, and managers of socio-economic systems who are interested in a different view of economic issues and the related mathematical tools.
