Abstract
The rationale of Econographication revolves around the efficacy of multidimensional graphs as the most effective visual tool to understand any economic phenomenon from a multidimensional view. The main motivation behind the creation of Econographication is to evaluate multidimensional graphs evolved so far in economics and to develop new type of multidimensional graphs to facilitate the study of economics, as well as finance and business. Thereby, the mission of Econographication is to offer academics, researchers and policy maker’s an alternative multidimensional graphical modeling approach to the research and teaching-learning process of economics, finance and business from a multidimensional perspective. Hence, this alternative multidimensional graphical modeling approach is offering a set of multidimensional coordinate spaces to build different types of multidimensional graphs to study any economic phenomenon. The following new types of multi-dimensional coordinate spaces are presented: the pyramid coordinate space (five axes and infinite axes); the diamond coordinate space(ten axes and infinite axes); the 4-dimensional coordinate space (vertical position and horizontal position); the 5-dimensional coordinate space (vertical position and horizontal position); the infinity-dimensional coordinate space (general approach and specific approach); the inter-linkage coordinate space; the cube-wrap coordinate space; the mega-surface coordinate space. All these multi-dimensional coordinate spaces mentioned previously, they are available to represent graphically 4-dimensions, 5-dimensions, 8-dimensions, 9-dimensions until infinity-dimensions.
Highlights
The Evolution of Graphical Methods in EconomicsResearch leading to this chapter shows a strong link between the introduction of graphical methods in economics and the development of theories, methods and techniques in statistics and mathematics
Introduction to EconographicationThe Econographication is originated by the necessity to generate an alternative and specialized multidimensional graphical modeling for economics, business and finance
Thereby, the mission of Econographication is to offer academics, researchers and policy maker’s an alternative multidimensional graphical modeling approach to the research and teaching-learning process of economics, finance and business from a multidimensional perspective. This alternative multidimensional graphical modeling approach is offering a set of multidimensional coordinate spaces to build different types of multidimensional graphs to study any economic phenomenon
Summary
Research leading to this chapter shows a strong link between the introduction of graphical methods in economics and the development of theories, methods and techniques in statistics and mathematics. We like to mention that the uses of the formal graphical method based on the 2-dimensional Cartesian plane was introduced in 1637 by René Descartes [6], whose contributions to different scientific disciplines, of which economics was one, were substantial. Cournot believed that economists must utilize graphs only to establish probable limits and express less stable facts in more absolute terms He further held that the practical use of mathematics in economics involves strict numerical precision, and graphical visualization. In the 20th century the use and application of the analytical graphical method among economists were often based on sophisticated mathematical and graphical techniques introduced during the development of new economic models. The study of the Euclidian geometry involves the study of the n-dimensional space represented by Rn or En under the uses if the n-dimensional space and n-vectors respectively
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