Computer Science
8 years ago

Invisible Hand Proven: Equilibrium Theorem Unlocks Economic Prosperity for All

Fundamenta Informaticae
Toward Formal Models of the Theoretical Framework of Fundamental Economics
Yingxu Wang

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The article explains how basic economic theories are studied in a formal way. It shows how market systems reach balance through the interaction of supply and demand. A mathematical model is used to prove Adam Smith's idea of the 'invisible hand'. The research also develops models to analyze costs and predict outcomes of engineering projects.