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The Basket Residue Theory (BRT)

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  • Leonard Karshima Shilgba

    (Department of Computing Sciences, Faculty of Science, Admiralty University of Nigeria)

Abstract

This paper introduces the Basket Residue Theory (BRT) as a mathematical framework for assessing the real purchasing power of money, prosperity levels, poverty dynamics, and indirect wealth transfers in an economy. The model builds on variations in the prices of a representative basket of goods and services, offering a quantitative measure of real value erosion or enhancement over time. BRT extends beyond conventional inflation indices by integrating fiscal and monetary interactions into the valuation residue concept.

Suggested Citation

  • Leonard Karshima Shilgba, 2026. "The Basket Residue Theory (BRT)," International Journal of Research and Innovation in Applied Science, International Journal of Research and Innovation in Applied Science (IJRIAS), vol. 11(2), pages 164-178, February.
    • Handle: RePEc:bjf:journl:v:11:y:2026:i:2:p:164-178
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    References listed on IDEAS

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    1. ., 2019. "Money, dequity, and the barter economy of the future," Chapters, in: Understanding the Blockchain Economy, chapter 5, pages 74-95, Edward Elgar Publishing.
    2. Sh. Sh. Ibragimov, 2019. "Velocity of Money: Economic Analysis of Dynamics," Studies on Russian Economic Development, Springer, vol. 30(5), pages 507-513, September.
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