Economic Status Quo is Challenged by Los Angeles Financier
-- New Method of Modeling Economic Events Creates a Path for Global Change
LOS ANGELES, Oct. 10, 2013 /PRNewswire/ -- Los Angeles financier and economist, Ilya Kuntsevich announces his new book and theory of economics, ECONOMICAL EQUILIBRIUM: GEOMETRY OF ECONOMICS. The result of over five years of research and consultations with economists and mathematicians worldwide, ECONOMICAL EQUILIBRIUM tackles current economic and financial chaos while examining the failure of linear system modeling to forecast economic turmoil. This ground-breaking book offers a new, four-dimensional economic model that will make it possible to realize lasting, beneficial changes on a global scale.
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As one economic crisis piles onto another, ECONOMICAL EQUILIBRIUM exams the root causes of economic and financial crises and questions the ability of current financial models to identify and avoid future carnage. Patterns of global economic systems are better described through geometric models, but modern economic principles instead offer a flat, simplistic vision of events that doesn't take into account time and space. Changes to climate and demographics, for example, are difficult to factor into a linear system, and thus remain largely unaccounted for in national and international planning.
Ilya Kuntsevich, a Managing Partner at Beverly Investment Group, a private investment firm in Beverly Hills, draws on his experience, research, and education to boldly describe the flaws in current accounting systems.
"All financial instruments, including stocks and bonds, are derivatives of cash value, but don't realize that value immediately. Existing financial models, with their reliance on perpetual growth and linear mathematics, mistakenly assume that these derivatives will appreciate in value. This book explains why this is not possible," says Kuntsevich.
Ilya Kuntsevich proposes a model that relies on geometric and fractal mathematics, rejecting the bestowed wisdom of modern economic planning with its reliance on single data points of historical information. By adding factors such as time and space into the equation, this visionary model is capable of identification and possible prevention of economic crises, as well as effective design and management of sustainable economic events.
Ilya Kuntsevich holds an MBA from the UCLA Anderson School of Management, is a CPA (Inactive) and specializes in international finance, economics, and investing in early stage companies. He guest speaks in the UCLA Executive MBA series and Skolkovo business school in Moscow on the topics of marketing engineering and the application of mathematical models in projecting companies' growth. Mr. Kuntsevich is a managing partner and an economic advisor with Beverly Investment Group. He also served as an executive in both the United States and international offices of Arthur Anderson; Ernst & Young; Madison Tyler Holdings; and Aurora Capital Group.
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