Economic Natural Laws and Economics

Yu, Yi-Jang

doi:10.4236/me.2015.61002

Cited by 3 publications

(7 citation statements)

References 16 publications

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“…Fortunately, the macroeconomic natural law still functions normally [3]. However, this may not hold if the destructive power from human beings is not controlled.…”

Section: Discussionmentioning

confidence: 99%

“…This behavioral model links i r  to, in order, i R  , the supply-side content of i r  ; c R  , the supply-side ROI for product i's substitutes or (and) complements that can directly affect product i; and g R  , the supply-side ROI for product i's system variable 2 . After including the system variable g R  , all three coefficients in Equation (1) can be proved econometrically to have the following relationship 3 : 1 2 3ˆˆ1…”

Section: The Microeconomic Natural Lawmentioning

confidence: 99%

“…Contrary to all conventional pricing concepts, because c R  and g R  play dominant roles, 1 α must be determined according to Equation (2), and Equation 1becomes a pricing mechanism that can provide an automatic stabilization effect. As explained in Yu [3] [4], the main proposition of the microeconomic natural law is to endogenize the environmental factor. Achieving this task involves applying the system variable to represent the environmental factor in constructing a model such as Equation (1).…”

Section: The Microeconomic Natural Lawmentioning

confidence: 99%

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Microeconomic Natural Law, Portfolio Principle and Economics Textbooks

Yu¹

2016

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This study explains that, after combining the microeconomic natural law with the portfolio principle and a few bases in general economic analyses, the capability of managing all fundamental challenges in business operation, financing, and marketing can be directly established in economics textbooks. It is impossible to cover all critical topics; however, restoring economics as the foundation of all major disciplines for economic management can still be practically achieved. More crucially, by endogenizing the economic environment, such new economic textbooks can guide the chaotic economic world back to its normal conditions. The illustrated methodology is still far from perfect because the real synergistic effects cannot be quantitatively studied, and natural and social environments are still treated as exogenous factors in the analytical framework. Clearly, economics still has numerous challenges to overcome.

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“…Fortunately, the macroeconomic natural law still functions normally [3]. However, this may not hold if the destructive power from human beings is not controlled.…”

Section: Discussionmentioning

confidence: 99%

Section: The Microeconomic Natural Lawmentioning

confidence: 99%

Section: The Microeconomic Natural Lawmentioning

confidence: 99%

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Microeconomic Natural Law, Portfolio Principle and Economics Textbooks

Yu¹

2016

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“…The WINDEX will be applied in this study. It can be supported by certain economic theories including the principle of supply and demand [1], also can be flexibly extended into an EXCEL worksheet covering a sufficient range of WINDEX layouts. For a rational financial asset, the best applicable WINDEX can thus be evaluated and selected.…”

Section: A Simple Windex Approach With Upper and Lower Boundsmentioning

confidence: 99%

Beyond the No Free Lunch Principle: A New Combination of Arbitrage and Investment

Yu¹

2018

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In the financial market, within both extremities of asset investment and arbitrage, there are sufficient rooms to contain something else other than speculation. The first aim of this study is thus to introduce a new sector which although cannot violate the common sense of "no free lunch" as can arbitrage, still is capable of surmounting general beliefs about the trade-off between risk and return that accompanies speculation. The second aim of this study is intended to reduce the ingredients of unfair games in the financial market.

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“…A company or product usually has some substitutes or (and) complements that must be included in the model of asset pricing. 4 α α α…”

Section: The Asset Pricing Model For Non-financial Companiesmentioning

confidence: 99%

Adding a New Category of “Individual vs System” to the Economics

Yu¹

2018

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After the industrial revolution, the long-term effort of resolving the threat of resource scarcity was accomplished globally in the 1950s. However, the threat of environmental destruction was, and still is, accumulating along the way. As mainstream economics is the main culprit of environmental destruction, it cannot be expected also to be the correct solution. Accordingly, it is suggested that a new category of "individual vs system" should be added to the economics. As the inability of the mainstream microeconomics to endogenise the environmental variable and to construct the right foundation for microeconomic analyses can be remedied based on the microeconomic natural laws within the new category, so too, can the incapability to resolve the threat of environmental destruction from the mainstream macroeconomics be reversed based on the macroeconomic natural laws also within the new category.

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Economic Natural Laws and Economics

Cited by 3 publications

References 16 publications

Microeconomic Natural Law, Portfolio Principle and Economics Textbooks

Microeconomic Natural Law, Portfolio Principle and Economics Textbooks

Beyond the No Free Lunch Principle: A New Combination of Arbitrage and Investment

Adding a New Category of “Individual vs System” to the Economics

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