Kindle Price: $2.99
Read this title for free. Learn more
Read for Free
with Kindle Unlimited

These promotions will be applied to this item:

Some promotions may be combined; others are not eligible to be combined with other offers. For details, please see the Terms & Conditions associated with these promotions.

Deliver to your Kindle or other device

Deliver to your Kindle or other device

Flip to back Flip to front
Audible Narration Playing... Paused   You are listening to a sample of the Audible narration for this Kindle book.
Learn more

The Macroeconomics of Individual Action: A Mathematical Extension to Austrian Thought Kindle Edition

2.5 out of 5 stars 2 customer reviews

See all formats and editions Hide other formats and editions
New from Used from
Kindle, Kindle eBook, May 20, 2013
"Please retry"

Length: 30 pages Word Wise: Enabled Enhanced Typesetting: Enabled

Kindle Daily Deals
Kindle Delivers: Daily Deals
Subscribe to find out about each day's Kindle Daily Deals for adults and young readers. Learn more (U.S. customers only)

Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your email address or mobile phone number.

Product Details

  • File Size: 2077 KB
  • Print Length: 30 pages
  • Simultaneous Device Usage: Unlimited
  • Publisher: Derrel Walters (May 20, 2013)
  • Publication Date: May 20, 2013
  • Sold by: Amazon Digital Services LLC
  • Language: English
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Enabled
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #1,568,405 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
  •  Would you like to give feedback on images or tell us about a lower price?

Customer Reviews

5 star
4 star
3 star
2 star
1 star
See both customer reviews
Share your thoughts with other customers

Top Customer Reviews

Verified Purchase
The author's heart is in the right place but his mathematics is horribly flawed. The number of problems with his function of Eq. 5 is simply insurmountable. Does he actually mean to use a Dirac delta function? In Eq. 6 he defines it as the sum of the individuals who do not act. If he really meant to use M. Dirac's function he would have defined as the sum of the a sub i's multiplied by the delta function. Let's assume that is what he wants.

Proceeding then there is a function at Eq. 5 which contains a delta function at P = 0 followed by a single other value which is that of the summation. Now the value of the summation in Eq, 5 could be of any value since it is the sum of a collection of probabilities of an undefined number of actors. It does not matter whether it falls in the range [0,1]. The function of Eq. 5 is identically zero at all points except at zero and at the value of that summation. The summation value is a discrete value change from a function which is otherwise zero for all non-zero values of probability. Only the delta function at zero will make a contribution so that the value of Eq. 7 is nothing more than the number of people who do not act.

Have I assumed too much by saying that he means to use a Dirac delta function? Then his delta function may must be meant to be the sum of non-actors. Then there is a function which has only two discrete values so it's integral over any range is identically zero.

I think the author means well. However he should really rethink his analysis and try again.
1 Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Verified Purchase
This is a nice little book which attempts to put a bit of mathematical characterization of the idea of preferences, without a lengthy or complicated treatment of utility theory.
Fans of Austrian economics know that it is in general non-mathematical, and so this book offers a nice and light hypothesis on how a mathematical treatment of preferences might be handled.
Well done.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse


There are no discussions about this product yet.
Be the first to discuss this product with the community.
Start a new discussion
First post:
Prompts for sign-in