 IntroductionArmen V. Papazian ()
Chapter Chapter 1 in Hardwiring Sustainability into Financial Mathematics, 2023, pp 1-9 from Springer Abstract: Abstract This chapter introduces the main theme of the book which makes the case for the necessity to hardwire sustainability into financial mathematics, specifically our equations of value and return, and discusses the implications of such a transformation for money mechanics. The growing momentum in sustainable finance, while encouraging, has not yet penetrated the analytical content of finance theory and our risk and time focused equations remain intact. Furthermore, the debate seems to consider the logic and principles of money creation as exogenous to the sustainability challenge and opportunity. The book identifies the need to rethink and revise our spaceless financial value framework and equations where space, as analytical dimension and our physical context, along with our responsibility for space impact, has been abstracted away. The space value of money principle and ensuing equations are proposed as a plausible avenue through which we can achieve the necessary transformations and secure the sustainability and future expansion of human productivity across time and space. Keywords: Sustainability; Financial Mathematics; Money; Value; Risk; Time; Space; Impact (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-45689-3_1 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-45689-3_1 Access Statistics for this chapter More chapters in Springer Books from Springer |
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