CONSTRUCTAL LAW LEADS TO DISCOVERY OF THE FUNDAMENTAL LAW IN ECONOMICS

Fundamental Law of Economics (FLoE). A finitely (not infinitely) converging algorithm addressing the dual market variables price and quantity simultaneously represents the mathematical formulation for the economic globalization of the planet. The document discusses the application of the Constructal Law and the Fundamental Law of Economics in addressing resistance to flow in economic systems, leading to the globalization of the planet.

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Publication Details

Journal
14th CONSTRUCTAL LAW CONFERENCE | 10-11 October 2024 Bucharest Romania
Published
2024-12-18
DOI
https://doi.org/10.59277/clc.2024.38
Primary Topic
Economic Theory and Institutions
Type
article
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0.00
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article

CONSTRUCTAL LAW LEADS TO DISCOVERY OF THE FUNDAMENTAL LAW IN ECONOMICS

MIRCEA SCURTU, ELMOR L. PETERSON
14th CONSTRUCTAL LAW CONFERENCE | 10-11 October 2024 Bucharest Romania
Economic Theory and Institutions
article

CONSTRUCTAL LAW LEADS TO DISCOVERY OF THE FUNDAMENTAL LAW IN ECONOMICS

MIRCEA SCURTU, ELMOR L. PETERSON
article en

Abstract

Fundamental Law of Economics (FLoE). A finitely (not infinitely) converging algorithm addressing the dual market variables price and quantity simultaneously represents the mathematical formulation for the economic globalization of the planet. The document discusses the application of the Constructal Law and the Fundamental Law of Economics in addressing resistance to flow in economic systems, leading to the globalization of the planet.

14th CONSTRUCTAL LAW CONFERENCE | 10-11 October 2024 Bucharest RomaniaVol. 2024(1)
Openalex Percentile: Top 68%
Economic Theory and Institutions
DOIOpen Access PDFOpenAlex
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CONSTRUCTAL LAW LEADS TO DISCOVERY OF THE FUNDAMENTAL LAW IN ECONOMICS — MIRCEA SCURTU, ELMOR L. PETERSON · 14th CONSTRUCTAL LAW CONFERENCE | 10-11 October 2024 Bucharest Romania (2024) | TGRS Research Map | TGRS