Interstellar trade - the interest problem

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Interstellar trade - the interest problem

Post by impaktor » Tue Jul 17, 2018 7:32 am

I just thought I'd drop this reference:

Theory of interstellar trade, Paul Krugman, july 1978
This paper extends interplanetary trade theory to an interstellar setting. It
is chiefly concerned with the following question: how should interest charges
on goods in transit be computed when goods travel at close to the speed of
light? This is a problem because the time taken in transit will appear less to
an observer traveling with the goods than to a stationary observer. A solution
is derived from economic theory, and two useless but true theorems are proved.

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