Title: Dynamic Economy
First published: 1995
Description: abstract: A conservative system in which rates are linearly related is a symmetric system. The symmetry dictates that the rate of inflation equals the rate of printing minus the growth rate. An empirical test done for 45 countries between the years 1960 - 1993 verifies the two principles, The conservative one and the symmetry one. Good economic forecasting is possible according to my theory, and the way to do it is by formulating the 'Motion equations' (derived of the Lagrangian) and their solutions (Lorentz transformations) on the basis of the conservative and symmetry principles as set out in my books.
Subjects: A conservative system, a symmetric system, Motion equations, Lorentz transformations, Mathematical Economics, Econometrics