Classic formulations of markets regard uncertainty as originating from acts of nature. l extend this to a formulation of markets which face risks induced by the economy itself, such as the environmental risks of atmospheric and climate change induced by CFC and CO; emissions. l formulate and...

For the scientific understanding and correct adjustment of domestic and foreign economic operations, both academic research and policy-making require the analysis of the relationship between the proportion principle of labor distribution, market mechanism and state economic adjustment. The...