Might As Well Finish
Editor: Henyee Translations
An hour?!
Professor Joseph's pupils expanded, he looked like he just saw a ghost.
It took him several years of intense research to complete the Dixit-Stiglitz Mode with his collaborator, Dixit. He proposed the model in his thesis "Monopolistic Competition and Optimum Product Diversity". This thesis shocked the entire economics community. This indirectly gave birth to the "New trade theory" and won him a Nobel Prize in Economics in 2001!
No one knew about mathematical economics more than him!
Joseph was well aware of how difficult it was to develop a mathematical model that could be used to analyze economic models…
However, Lu Zhou was now telling him that the Lu Bewley model only took him an hour?!
This is ridiculous!
Even if he used the Bewley model as a foundation, it is nearly impossible to improve this sophisticated model in an hour!
In one hour…