Possible Uses of Newton's Laws of Motion in Commodity Price Theory and the Training of Expert Appraisers at Universities

AbstractNewton's equations of motion are discussed with respect to their use in the theory of pricing commodities and for training expert appraisers at universities. Newton's equations of motion describing the movement of bodies at non-relativistic speed with constant mass over time are analyzed in three dimensional space. Also analyzed are motion equations describing the movement of bodies at non-relativistic speed with changing mass over time. The last part of the paper deals with equations of motion for describing the development of instantaneous relative depreciation and instantaneous relative commodity prices over time