2010/07/03 by Dalibor Štys, Stys, Dalibor, Miroslav Valcihova +1
Mathematics · #History and Theory of Mathematics
paper · pdf · doi:10.48550/arxiv.1007.0472
Georg de Buquoy, Lord de Vaux, lived in Nove Hrady, Prague and Cerveny Hradek\nfor most of his productive life. From his extensive scientific contributions,\nboth theoretical and experimental, we expand here the discussion of his\ncontributions to mathematical economy. He is mainly celebrated as the first\npersons to define correctly net yield and describe method for its optimization,\nwhich was considered "strikingly modern" still in 1950. Buquoy's program was\n"systematic overview of all theorems which affect maintenance and increase of\nnational wealth" for which he correctly defined and mathematically expressed\nmany economic terms. The most striking feature of Buquoy's writing is that he\nwas also a very influential economic practitioner. He governed one of the\nwealthiest possessions in Bohemia, and perhaps in Austria, of his time. Thus\nhis economical thinking expands from the "political part", which is economy in\nmodern sense, to "...sources of national wealth, or the technical part of\nnational economy ...". The complexity of Buquoy's view has little match in\nmodern literature namely because the extent of data sources is hardly available\nin modern times. The article puts Buquoy's mathematical economy contributions\nin context to his mathematical physics thoughts and approaches. The last direct\ncitation of Buquoy's work comes from the year 2008.\n