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Application of Method of System Potential in Analysis of Economic System Evolution (english version)

Author

Listed:
  • Grigorii Pushnoi

    (International Bogdanov Institute)

Abstract

The 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.

Suggested Citation

  • Grigorii Pushnoi, 2005. "Application of Method of System Potential in Analysis of Economic System Evolution (english version)," Development and Comp Systems 0505014, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpdc:0505014
    Note: Type of Document - pdf; pages: 14. English version of paper:
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/dev/papers/0505/0505014.pdf
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    More about this item

    Keywords

    business cycle; catastrophe jump; economic potential; complex adaptive system;

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • P - Economic Systems

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