Synergetic Market Hypothesis in the Light of Phenomenological Theory of Phase Transfers of L. Landau

B. Kuznetsov

Voprosy Ekonomiki, 2005, issue 8

Abstract: The author pays special attention to the fundamental attributes of economic systems - their nonlinearity and nonequilibrium. So the usage of strictly determined optimization models cannot provide adequate results. He argues that the concept of synergetic effect of self-organization is very useful in economic modeling. It is suggested that the theory of phase transfers can be fruitful in the analysis of the evolution of such synergetic systems.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2005:id:1477

DOI: 10.32609/0042-8736-2005-8-48-53

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