Completing the Market (e-book) (used book) | bookbook.eu

Description

Physicists long have been in search of 'a Theory of Everything'. Leveraging on recent pragmatic improvements to formal theoretical exposition of market incompleteness theory, this book provides convincing evidence that the principle of 'Completing the Market (CtM)' qualifies as 'a Theory of Everything'. Using evolution of means of transportation as illustration, the book shows only CtM provides a robust explanation for invention of ships prior to trains, and trains prior to cars. The evidence shows CtM explains all progression, or retrogression that transpires in the physical world (sciences, business, economic development, research, stock markets etc.), and provides a robust connection between the physical, and the metaphysical. Using principle of CtM, relative to valuation (V) placed on combination of ability, skills, knowledge, and expertise (KEO), the evidence establishes that deterioration which is becoming characteristic of developed countries is induced by conferring of higher valuations on membership in networks (N). Progression or Retrogression depends then on relations between V(KEO) & V(N). Using formal proofs, the evidence shows a tenure system, which revolves around success at publishing in reputation journals is less beneficial for generation of high quality research than an alternate system, which, due to their network loyalties, characterizes editors of reputable journals as fallible. In the mathematical linkage of CtM with, intersection of happiness (satisfaction with life) of individuals and society at large, the metaphysical, and progression or retrogression of society, the evidence establishes CtM as a viable candidate for 'a Theory of Everything'.