Discovery in demand as cross-section data plus unified economics model

Poramest Boonsri

doi:10.1117/12.2675096

10 April 2023 Discovery in demand as cross-section data plus unified economics model

Poramest Boonsri

Proceedings Volume 12616, International Conference on Mathematical and Statistical Physics, Computational Science, Education, and Communication (ICMSCE 2022); 126160D (2023) https://doi.org/10.1117/12.2675096
Event: International Conference on Mathematical and Statistical Physics, Computational Science, Education, and Communication (ICMSCE 2022), 2022, Istanbul, Turkey

Abstract

The objective of this paper is to answer economic-theory inaccuracies concerning time with demand study. Mathematics and time equations are the methodologies. Theoretical demand and supply curves are the data. The investigation found inaccuracies concerning demand: the unit of quantity demanded per time is the drawing rate while drawing the demand curve. The required amounts co-occur on many number lines with different drawing rates. Also, they are cross-section data and discontinuity. This finding supports Heilbroner and Krugman concerning poverty in economics. After solving the causes, a new price model is demonstrated, which can unite micro-and macroeconomics in one coherent picture. It gives the different paradigms concerning prices from mainstream theoretical economics and develops economics to be a new branch of science.

Citation Download Citation

Poramest Boonsri "Discovery in demand as cross-section data plus unified economics model", Proc. SPIE 12616, International Conference on Mathematical and Statistical Physics, Computational Science, Education, and Communication (ICMSCE 2022), 126160D (10 April 2023); https://doi.org/10.1117/12.2675096

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