Paul T E Cusack
Recent economic tools include Structural Mechanics to solve outstanding problems. Some term it Econophysics or what I call Physical Economics. With the long-standing developments in structural engineering, namely Matric or the stiffness method, it is possible to make use of this theory to form a proof for an equation that links gross domestic product (GDP) to the individual consumer. This paper presents that solution with the knowledge of the stiffness coefficient. It is important because it links macroeconomics to microeconomics, in a solution that is possible to program, especially with the data of debit transactions.
PDFShare this article
Journal of Global Economics received 1931 citations as per Google Scholar report
