This book is devoted to establishing a completely new concept within economics referred to as "trading economics" which is a reconstructed economic system in theory that seeks perfect harmony between micro and macro elements in a structured way, hence making the economic theory a rigorous system supported by internal logical continuity. Representing a revolution of the existing theoretical framework, trading economics has changed the logic of mainstream economics. Specifically, it deduces the "macro whole" from the "micro individuals", and it introduces a systematic and comprehensive analysis approach. It stresses that within an interconnected world, the interaction between trading agents is the fundamental driving force behind the operation, development and evolution of the economic system.
Author(s): Zhenying Wang
Publisher: Springer
Year: 2019
Language: English
Pages: 871
Tags: Macroeconomics/Monetary, Economics/Financial Economics
Front Matter ....Pages i-lxxxii
Front Matter ....Pages 1-1
Trading Agent (Zhenying Wang)....Pages 3-50
Agent Description (Zhenying Wang)....Pages 51-83
Trading Process (Zhenying Wang)....Pages 85-127
Trading Environment (Zhenying Wang)....Pages 129-158
Use of Information (Zhenying Wang)....Pages 159-190
Trading Decisions (Zhenying Wang)....Pages 191-233
Pricing of Trading (Zhenying Wang)....Pages 235-270
Trading Stochastic Equation (Zhenying Wang)....Pages 271-286
Front Matter ....Pages 287-287
Trading Network (Zhenying Wang)....Pages 289-314
Network Compactness (Zhenying Wang)....Pages 315-337
Trading Loop (Zhenying Wang)....Pages 339-366
Trading Potential (Zhenying Wang)....Pages 367-384
State Distribution (Zhenying Wang)....Pages 385-411
Trading Network Equation (Zhenying Wang)....Pages 413-435
System Equation (Zhenying Wang)....Pages 437-461
Economic Growth (Zhenying Wang)....Pages 463-507
Price Level (Zhenying Wang)....Pages 509-540
Front Matter ....Pages 541-541
System Evolution (Zhenying Wang)....Pages 543-572
Measurement of Evolution (Zhenying Wang)....Pages 573-591
Evolutionary Model (Zhenying Wang)....Pages 593-622
Technological Evolution (Zhenying Wang)....Pages 623-647
Knowledge Evolution (Zhenying Wang)....Pages 649-674
Institutional Evolution (Zhenying Wang)....Pages 675-724
Phase Evolution (Zhenying Wang)....Pages 725-743
Network Evolution (Zhenying Wang)....Pages 745-768
Law of Evolution (Zhenying Wang)....Pages 769-799
Back Matter ....Pages 801-808
