Theory of Technical Change and Economic Invariance: Application of Lie Groups (Economic theory, econometrics, and mathematical economics)

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9780126194609: Theory of Technical Change and Economic Invariance: Application of Lie Groups (Economic theory, econometrics, and mathematical economics)

This revised edition illustrates the timeless nature of his contribution to economics. The book deals with a variety of topics in economic theory, ranging from the analysis of production functions to the general recoverability problem of optimal dynamic behaviour.

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About the Author:

Ryuzo Sato, C.V. Starr Professor of Economics and Director of the Center for Japan-US Business and Economic Studies, Leonard Stern School of Business, New York University, US

Review:

Not until economists have given his impressive treatise a thorough reading shall we be in a position to put useful bounds on the value added to economics by this powerful and elegant technique. The ball is now in our court. -- from the original preface by Paul A. Samuelson

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