The Economic Metronome
AbstractThe economic metronome (IM) is a term for a mathematical formula of a set of fundamental interrelations of a key importance for the value-monetary expression among: the main factors of business activity of any kind; their productivity; the primary proportions in production, distribution, exchange and consumption of the commodities; the development rates of any activity. The formula is an attempt to create an instrument to measure more precisely the potential opportunity and the actually achieved efficiency of the business activity, for more-reliable forecast and projection of its development in the future at the stage of investments and innovations.
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Bibliographic InfoArticle provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Thought.
Volume (Year): (2010)
Issue (Month): 6 ()
Find related papers by JEL classification:
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
- B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
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- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
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