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Self-Regulation of Market Economy
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Self-Regulation of Market Economy : The Interdisciplinary Analysis

Book Details

Format Hardback or Cased Book
ISBN-10 1634833244
ISBN-13 9781634833240
Publisher Nova Science Publishers Inc
Imprint Nova Science Publishers Inc
Country of Manufacture US
Country of Publication GB
Publication Date Sep 1st, 2015
Print length 88 Pages
Weight 332 grams
Dimensions 16.20 x 23.60 x 1.30 cms
Product Classification: Economic theory & philosophy
Ksh 28,800.00
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Due to the dialectical analysis of fundamental economic categories, the market economy appears as a complex, nonlinear, functionally closed (but causally open) system of economic actions. Such systems have a number of unique properties that have been well studied in chaos theory, constructivism and second-order cybernetics. This allows for the study of economic processes to involve unique research and development of these fields in the format of interdisciplinary analysis. In this monograph, a mathematical model of general economic equilibrium (i.e. the model of the attractor) is proposed, for which a decentralised economy always strives towards by virtue of the immanent logic of the development of intrasystem processes (but never reaches it because of the permanent impact of natural and social environments).

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