Abstract
Symmetry is the study of mapping of a state space into itself that leaves a geometric object, generally a set of subspaces defined by an equivalence relation, invariant. Thus, in economics, we can examine whether there exists a transformation to which the indifference curves, subspaces defined by a preference relation, are invariant. However to appreciate the relevance of such a question, it is necessary to have an understanding of the basic principles of geometric spaces. The idea that the quantitative variables of a science are describable by geometric objects and that the laws governing these variables are expressible as geometric relation between the objects, can be traced back to Felix Klein’s inaugural address at the Erlanger University in 1872.1
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Alchain, A. (1953). The meaning of utility measurement. American Economic Review, 42, 26–50.
Bröcker, T. and Jänich, K. (1982). Introduction to differential topology. Cambridge: Cambridge University Press.
Burmeister, E. and Dobell, A. R. (1970). Mathematical theories of economic growth. London: The Macmillan Company.
Chalmers, A. F. (1982). What is this thing called science? (2d ed.) St. Lucia: University of Queensland Press.
Clapham, J. H. (1922). Of empty economic boxes. Economic Journal, 32, 305–314. Cohen, A. (1931). Introduction to the Lie theory of one parameter groups. New York: G. E. Stechert Co.
Dubrovin, B. A., Fomenko, A. T., and Novikov, S. P. ( 1984, 1985). Modern geometry methods and applications. (Part 1: The geometry of surfaces, transformation groups, and fields. Part 2: The geometry and topology of manifolds). New York: Springer-Verlag.
Edelen, D.G.B. (1985). Applied differential calculus. New York: John Wiley Sons.
Friedman, M. (1983). Foundations of space-time theories. Princeton, New Jersey: Princeton University Press.
Gelfand, I. M. and Fomin, S. V. (1963). Calculus of variations. Englewood Cliffs, New Jersey: Prentice-Hall.
Hicks, J. H. (1946). Value and capital. (2d ed.) London: Oxford University Press. Klein, M. (1972). Mathematical thoughtsfrom ancient to modern times. New York: Oxford University Press.
Lau, L. J. (1978). Application of profit functions. In M. Fuss and D. McFadden (eds.), Production economics: A dual approach to theory and applications (Volume 1 ). Amsterdam: North-Holland.
Logan, J. D. (1977). Invariant variational principles. New York: Academic Press. Lovelock, D. and Rund, H. (1975). Tensors, differential forms and variational principles. New York: John Wiley Sons.
Millman, R. S. and Parker, G. D. (1977). Elements of differential geometry. Englewood Cliffs, New Jersey: Prentice-Hall.
Misner, C., Thorne, K. S. and Wheeler, J. A. (1973). Gravitation. San Francisco: W. H. Freeman and Company.
Pigou, A. C. (1922). Empty economic boxes: A reply. Economic Journal, 32, 458–465.
Ramsey, F. P. (1928). A mathematical theory of saving. Economic Journal, 38, 543–559.
Reichenbach, H. (1960). The theory of relativity and a priori knowledge. Berkeley, California: University of Berkeley Press.
Sato, R. (1975). The impact of technical change on the holotheticity of production functions. Working paper presented at the World Congress of Econometric Society, Toronto.
Sato, R. (1977). Homothetic and nonhomothetic functions. American Economic Review, 67, 559–569.
Sato, R. (1981). Theory of technical change and economic invariance. New York: Academic Press.
Sato, R. and Ramachandran, R. (1974). Models of endogenous technical progress, scale effect and duality of production function. Providence, Rhode Island: Brown University, Department of Economics discussion paper.
Schutz, B. (1980). Geometric methods of mathematical physics. Cambridge: Cambridge University Press.
Solow, R. M. (1957). Technical change and aggregate production function. Review of Economics and Statistics, 39, 312–320.
Solow, R. M. (1961). Comment. In Output, input, and productivity measurement (Volume 25, Studies in income and wealth). Princeton, New Jersey: Princeton University Press.
Spivak, M. (1979). A comprehensive introduction to differential geometry (Volume 1 ). Wilmington, Delaware: Publish or Perish, Inc.
Stigler, G. J. (1961). Economic problems in measuring changes in productivity. In Output, input, and productivity measurement (Volume 25, Studies in income and wealth). Princeton, New Jersey: Princeton University Press.
Yaglom, I. M. (1988). Felix Klein and Sophus Lie: Evolution of the idea of symmetry in the nineteenth century. Boston: Birkhäuser.
Yourgrau, W. and Mandelstram, S. (1979). Variational principles in dynamics and quantum theory. New York: Dover.
Zellner, A. and Revankar, N. S. (1969). Generalized production functions. Review of Economic Studies, 36, 241–250.
Zachmangloe, E. C. and Thoe, D. W. (1976). Introduction to partial differential equations with applications. New York: Dover.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1990 Springer Science+Business Media New York
About this chapter
Cite this chapter
Sato, R., Ramachandran, R. (1990). Symmetry: An Overview of Geometric Methods in Economics. In: Sato, R., Ramachandran, R.V. (eds) Conservation Laws and Symmetry: Applications to Economics and Finance. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-1145-6_1
Download citation
DOI: https://doi.org/10.1007/978-94-017-1145-6_1
Publisher Name: Springer, Dordrecht
Print ISBN: 978-90-481-5786-0
Online ISBN: 978-94-017-1145-6
eBook Packages: Springer Book Archive