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Difference between revisions of "Gauge Theory of Economics"
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Gauge Theory of Economics (view source)
Revision as of 23:06, 9 February 2020
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Gauge theory is all you need to break out of the economics flatland. The following is an equation that Eric Weinstein talked about. We are going to break it down together and picture the meaning of each part in a geometrical way. The ramifications of this job will be interesting for the present economics community. | Gauge theory is all you need to break out of the economics flatland. The following is an equation that Eric Weinstein talked about. We are going to break it down together and picture the meaning of each part in a geometrical way. The ramifications of this job will be interesting for the present economics community. | ||
$$q = \frac{ {\bar{p}}\cdot{q} }{ {\bar{p}}\cdot{\bar{q}} } \bar{q} + (q - \frac{ {\bar{p}}\cdot{q} }{ {\bar{p}}\cdot{\bar{q}} } | $$q = \frac{ {\bar{p}}\cdot{q} }{ {\bar{p}}\cdot{\bar{q}} } \bar{q} + (q - \frac{ {\bar{p}}\cdot{q} }{ {\bar{p}}\cdot{\bar{q}} } \bar{q})$$ | ||
Where we label the first term as along reference basket and the second one as barter. | Where we label the first term as along reference basket and the second one as barter. | ||