The economy as a complex system of economic actions : in search of a new paradigm / Paata Leiashvily.

Format:

Book

Author/Creator:

Leiashvily, Paata, author.

Series:

Economic Issues, Problems and Perspectives Series

Language:

English

Subjects (All):

Economics.

Physical Description:

1 online resource (228 pages)

Edition:

1st ed.

Place of Publication:

New York, NY : Nova Science Publishers, Inc., [2023]

Summary:

"Based on a dialectical analysis of purposeful activity, a decentralized economy is presented as a complex nonlinear living system of economic actions. In such an economy, the general laws of the universe, which dialectics and synergetics studies, manifest themselves in a specific form. This allows us to see many well-known economic phenomena in an unusual light and to discover in them what cannot be detected by standard methods of orthodox theory. The monograph presents a system of concepts, based on which the fundamentally new interpretation of how the market economy functions and how it has evolved from its inception to the present is given. It is shown that behind the external chaos of economic life hiding surprisingly ordered, symmetrical, deep structures that provide self-regulation of a competitive market economy. Like all living systems, the economy is developing, which results in the monopolization and financialization of the economy. But over time, it loses the ability to self-regulate. Regulation becomes necessary, because of which the role of centralization of the economy increases. The search for new methods of regulating such an economy becomes inevitable"-- Provided by publisher.

Contents:

Intro

Contents

Foreword

Preface

Acknowledgments

Introduction

Chapter 1

Purposeful Activity

1.1. Goal

1.2. Means

1.3. Result

1.4. Value

a) Fractality of Action

b) Value as a Phenomenon of Consciousness

c) "Calculation" of Values

Chapter 2

Subsistence Economy

2.1. Production and Consumption

2.2. Production Sector and Consumption Sector

a) Primary Resources and Final Products

b) Sectors of the Economy

2.3. Economic Value

a) Needs

b) Utilities and Costs

c) Economic Values ​​and Valuations

2.4. Optimality

2.5. Total Value

Chapter 3

Market Economy

3.1. System of Economic Actions

3.2. Branch Structure

3.3. Relative Price System

3.4. Money

3.5. Birth of Macro-Order from Micro-Chaos

3.6. Market Value

3.7. Law of Value

3.8. Profit and Savings

a) Difference between Income and Expenditure

b) Statement of the Problem

c) Surplus Products and Saved Resources

3.9. Capital and Current Goods

a) Conditionality of Classification

b) Final and Intermediate Capital Goods

c) Investment in Human Capital

3.10. Optimality and Its Criteria

3.11. Total Cost

3.12. Self-Regulation of Value Flows

3.13. General Equilibrium Model

a) "Symmetric Model"

b) Fluctuations in Economic Activity

c) Nonlinear Properties of the "Symmetric Model"

3.14. Business Cycles

a) Causes of Occurrence

b) Self-Regulation of Economic Activity

c) "Natural Selection" in Economy

Chapter 4

Monopolized Economy

4.1. Monopolization

4.2. Financialization

4.3. Banking System

Conclusion

Appendix: Economy in Terms of Sociocybernetics

1. Formation of Social Systems

2. Social Action

3. Autopoiesis

4. Neural Network of Economic Actions

5. Operational Closure and Causal Openness

6. Self-Reference

References

Index.

About the Author

Blank Page.

Notes:

Description based on print version record.

Includes bibliographical references and index.

Other Format:

Print version: Leiashvily, Paata The Economy As a Complex System of Economic Actions: in Search of a New Paradigm

ISBN:

979-88-86979-52-7