Conservation laws derived from systemic approach and symmetry

Galiya Klinkova, Michael Grabinski
International Journal of Finance, Insurance and Risk Management, Volume 7, Issue 2, 1307, 2017
DOI: 10.35808/ijfirm/174

Abstract:

We prove mathematically for the first time that a conserved value must exist in economics. We derive it by using symmetry arguments in the systemic approach. Recently, it has been shown that a conserved value and its rigorous application can avoid any form of financial crises. So it is proven that a financial crisis is for sure avoidable without any other economic sacrifices.


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