A Response to Economics as Gauge Theory

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Tác giả: Timothy Nguyen

Ngôn ngữ: eng

Ký hiệu phân loại: 201.73 Economics formerly 291.1785

Thông tin xuất bản: 2021

Mô tả vật lý:

Bộ sưu tập: Metadata

ID: 168324

Comment: 18 pages, 3 figures. Some typos corrected and clarifications addedWe provide an analysis of the recent work by Malaney-Weinstein on "Economics as Gauge Theory" presented on November 10, 2021 at the Money and Banking Workshop hosted by University of Chicago. In particular, we distill the technical mathematics used in their work into a form more suitable to a wider audience. Furthermore, we resolve the conjectures posed by Malaney-Weinstein, revealing that they provide no discernible value for the calculation of index numbers or rates of inflation. Our conclusion is that the main contribution of the Malaney-Weinstein work is that it provides a striking example of how to obscure simple concepts through an uneconomical use of gauge theory.
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