CONSTRUCTAL LAW LEADS TO DISCOVERY OF THE FUNDAMENTAL LAW IN ECONOMICS
DOI:
https://doi.org/10.59277/CLC.2024.38Keywords:
Economic equilibria, Duality in physics, Duality in economics, Duality in geometric programmingAbstract
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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