3 papers
q-fin.GN2011
Pricing, liquidity and the control of dynamic systems in finance and economics
Geoff Willis
The paper discusses various practical consequences of treating economics and finance as an inherently dynamic and chaotic system. On the theoretical side this looks at the general…
q-fin.GN2011
Why Money Trickles Up - Wealth & Income Distributions
Geoff Willis
This paper combines ideas from classical economics and modern finance with the general Lotka-Volterra models of Levy & Solomon to provide straightforward explanations of wealth and…
q-fin.GN2011
The Bowley Ratio
Geoff Willis
The paper gives a simple algebraic description, and background justification, for the Bowley Ratio, the relative returns to labour and capital, in a simple economy.