The Balances Mechanics (German: Saldenmechanik; from balances of bookkeeping respectively the credit system and mechanics to characterize the strict universal identities) is a work and mean of economics, comparable with Stock-Flow Consistent Modelling. Statements of Balances Mechanics are not based on assumptions and preconditions of a model but are of trivial arithmetic nature, usually shaped as equation and universal without restrictions. Balances Mechanics were developed by Wolfgang Stützel and published in his books Paradoxa der Geld- und Konkurrenzwirtschaft(Paradoxes of Competition-Based Monetary Economies) and Volkswirtschaftliche Saldenmechanik(Balances Mechanics of Economics).[1]
^Both texts have not been translated into English yet (03/2015). A summary in English is available in Charlotte Bruun's 1995 Dissertation: "Logical Structures and Algorithmic Behavior in A Credit Economy" (online Archived 2014-04-14 at the Wayback Machine), Chapter 3: "The Logical Structure of a Monetary Economy", pp. 78-98 (online Archived 2016-03-04 at the Wayback Machine)
^Wolfgang Waldner, 13. Dezember 2013: flassbeck-economics: Die monetäre Konjunkturtheorie von Keynes: "Es existiert ein Widerspruch zwischen dem, was gesamtwirtschaftlich sinnvoll, und dem, was für die Einzelnen vorteilhaft ist. Eine Ökonomie kann kein Geld sparen, jede Einschränkung der Ausgaben führt zum Verlust von Einnahmen." (English: "It exists a contradiction between what is useful for the overall economy and what is beneficial for the individual. An economy cannot save money, every restriction of expenses leads to loss of revenues.")
and 24 Related for: Balances Mechanics information
The BalancesMechanics (German: Saldenmechanik; from balances of bookkeeping respectively the credit system and mechanics to characterize the strict universal...
formally can be well described as a circuit paradox using the terms of BalancesMechanics developed by the German economist Wolfgang Stützel (German: Saldenmechanik):...
flow of funds affects the financial balances of the three sectors. This corresponds approximately to BalancesMechanics developed by Wolfgang Stützel in...
transformation we get the sectoral balances of the economy as developed by Wynne Godley. This corresponds approximately to BalancesMechanics developed by Wolfgang...
the indebtedness of the latter therefore increasing. According to BalancesMechanics by Wolfgang Stützel this is described as surplus of expenses over...
In classical mechanics, a particle is in mechanical equilibrium if the net force on that particle is zero.: 39 By extension, a physical system made up...
Mechanics (from Ancient Greek: μηχανική, mēkhanikḗ, lit. "of machines") is the area of physics concerned with the relationships between force, matter...
Continuum mechanics is a branch of mechanics that deals with the deformation of and transmission of forces through materials modeled as a continuous medium...
Fluid mechanics is the branch of physics concerned with the mechanics of fluids (liquids, gases, and plasmas) and the forces on them.: 3 It has applications...
In tabletop games and video games, game mechanics are the rules or ludemes that govern and guide the player's actions, as well as the game's response...
Dynamic balance is the branch of mechanics that is concerned with the effects of forces on the motion of a body or system of bodies, especially of forces...
was explained by Wolfgang Stützel much later by the means of his BalancesMechanics. William Vickrey, awarded the 1996 Nobel Memorial Prize in Economic...
In physics, statistical mechanics is a mathematical framework that applies statistical methods and probability theory to large assemblies of microscopic...
In fluid mechanics, a shell balance can be used to determine the velocity profile[of what?], i.e,. how fluid velocity changes with position across a flow...
Wolfgang Stützel analyses paradoxes of competition using the concept of BalancesMechanics (German: Saldenmechanik). Specifically he defines and distinguishes...
Hanseatic League in London in the 14th century. Large steelyard balances (known as cart balances), both public and private, were a common feature in agricultural...
represented by the symbol F. Force plays a central role in classical mechanics, figuring in all three of Newton's laws of motion, which specify that...
used not only for reactive systems, but for population balances such as arise in particle mechanics problems. The equation is given below; note that it simplifies...
Celestial mechanics is the branch of astronomy that deals with the motions of objects in outer space. Historically, celestial mechanics applies principles...
loops, and how they relate to one another. Like game balance, the terminology behind game mechanics can vary depending on the designer or the resource's...
reduces the magnitude of the input force. Applied mechanics – Practical application of mechanicsBalance lever coupling bascule Linkage (mechanical) – Assembly...
(/tʊərˈbɪljən/; French: [tuʁbijɔ̃] "whirlwind") is an addition to the mechanics of a watch escapement to increase accuracy. Conceived by the British watchmaker...
mechanics is the field of mechanics concerned with the study of the propagation of cracks in materials. It uses methods of analytical solid mechanics...
In Newtonian mechanics, momentum (pl.: momenta or momentums; more specifically linear momentum or translational momentum) is the product of the mass and...