The mercantile dilemma: formalisations and historical conclusions
نویسندگان
چکیده

 The following contributions are hereby worked: one mathematically formalises Mundell’s Impossible trio and Rodrik’s Globalisation paradox, supplying the latter with a taxonomy in terms of current account; by means Kaldor’s price endogeneity output, proves that external real money market disparity trade generate output mismatches lead to autarky unless offset, using topology dynamical systems; characterises transfers federalism shows all unitary states federal polities can merge into confederations; demonstrates said be only eluded via or neutral- isation, irrespective federalism; discerns (i) artificial currency areas guaranteeing inter-regional growth equality (ii) modern protectionism as two Nash equilibria, wit, mercantile dilemma, especially rationalising nexus between Gold standard, Industrial revolution Great divergence therethrough.
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ژورنال
عنوان ژورنال: Journal of Mathematical Economics and Finance
سال: 2022
ISSN: ['2458-0813']
DOI: https://doi.org/10.14505/jmef.v8.1(14).03