This revised edition of Ryuzo Sato's seminal work illustrates the
timeless nature of his contribution to economics. It is as
pertinent today as when it was originally conceived, over twenty
years ago. This book deals with a variety of topics in economic
theory, ranging from the analysis of production functions to the
general recoverability problem of optimal dynamic behavior. They
are unified in the theme of 'transformation and invariance'. This
book demonstrates the first application of the Lie theory to modern
economics and provides a revealing analysis of market behavior and
economic invariance. This book will be of interest to scholars of
industrial economics, innovation, econometrics and microeconomics.
General
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