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Unified Complex-Dynamical Theory Of Financial, Economic, And Social Risks And Their Efficient Management: Reason-Based Governance For Sustainable Development

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  • Andrei P. Kirilyuk

    (Metallic State Theory Department - IMP-NASU - Institute of Metal Physics of the National Academy of Sciences of Ukraine [G. V. Kurdyumov Institute for Metal Physics] = Інститут металофізики ім. Г. В. Курдюмова НАН України (Киев, Украине) - NASU / НАН України - National Academy of Sciences of Ukraine = Національна академія наук України = Académie nationale des sciences d'Ukraine)

Abstract

An extended analysis compared to observations shows that modern "globalised" world civilisation has passed through the invisible "complexity threshold" , after which usual "spontaneous" , empirically driven kind of development ("invisible hand" etc.) cannot continue any more without major destructive tendencies. A much deeper, non-simplified understanding of real interaction complexity is necessary in order to cope with such globalised world development problems. Here we introduce the universal definition, fundamental origin, and dynamic equations for a major related quantity of (systemic) risk characterising real complex system development tendencies at any level of dynamics. Practically important conclusions are derived, opening further detailed applications in economy, finance and development practice.

Suggested Citation

  • Andrei P. Kirilyuk, 2017. "Unified Complex-Dynamical Theory Of Financial, Economic, And Social Risks And Their Efficient Management: Reason-Based Governance For Sustainable Development," Post-Print hal-01797479, HAL.
    • Handle: RePEc:hal:journl:hal-01797479
    Note: View the original document on HAL open archive server: https://hal.science/hal-01797479
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    References listed on IDEAS

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    1. Fabio Caccioli & Paolo Barucca & Teruyoshi Kobayashi, 2018. "Network models of financial systemic risk: a review," Journal of Computational Social Science, Springer, vol. 1(1), pages 81-114, January.
    2. Andrei Kirilyuk, 2006. "Towards Sustainable Future by Transition to the Next Level Civilisation," Post-Print hal-00008993, HAL.
    3. Andrei Kirilyuk, 2013. "Dynamic Origin of Evolution and Social Transformation," Post-Print hal-00760100, HAL.
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