Titlebook: Newtonian Microeconomics; A Dynamic Extension Matti Estola Book 2017 The Editor(s) (if applicable) and The Author(s) 2017 Econophysics.Beh

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Book 2017tract equations of equilibrium into precise dynamic rules. Thetheoretical framework of neoclassical micro theory has historically prohibitedits development into a quantitative science. Estola identifies the mainweaknesses of this framework as follows: 1) Static optimization does not allowfor the mod

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Measuring in Economics,nd interest rates are defined. Economic kinematics is defined, that is, the concepts corresponding to the accumulated amount, velocity, and acceleration of an economic quantity. Examples of economic stock and flow quantities are given, and the differences in analysis between discrete and continuous quantities are studied.