Application of Method of System Potential for the Analysis of Economic System Dynamics
AbstractThe exact mathematical formulation of new System Method based on ideas of “system potential” and “conditions of its realization” is given. Cyclical dynamics of “efficiency of work” of a complex adaptive system follows from this Method. These cycles have the properties like to the properties of typical business cycles. It is proposed to identify these evolution cycles of complex adaptive systems as applied to economic system with business cycles.
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Bibliographic InfoPaper provided by EconWPA in its series Development and Comp Systems with number 0502003.
Date of creation: 05 Feb 2005
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business cycle; catastrophe jump; economic potential; complex adaptive system;
Find related papers by JEL classification:
- E - Macroeconomics and Monetary Economics
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