Economic Control Theory

By: Yang, Xiaokai

This book discusses some concepts of an economic system, the role of information in an economic system and some methods to deal with dynamic economic issues. The author tries to 1) interpret economic coupling, economic feedback and economic stability in an economic system; 2) introduce entropy and information efficiency in an economic system; 3) address the classic puzzles, such as dynamic optimal prices, with mathematical methods of calculus of variations and the maximum principle; 4) explore the optimal control problems of economic growth and accumulation rate in economic management; 5) solve issues within stochastic economic systems with dynamic programming. A further contribution to his previous work, this book represents the pinnacle of the author's research on theory of economic control. Graduate students and researchers who wish to obtain a systematic understanding of the author's thoughts on this issue and how this may shed light on system reform will find this book extremely helpful.

• Format: Hardcover
• Language: English
• ISBN: 9819274486
• ISBN13: 9789819274482
• Release Date: April 2027
• Publisher: Springer