On Approaches to Designing a “Vivid†Economy

Denis N. Varakin ()

Economics of Contemporary Russia, 2023, issue 2

Abstract: The study examines approaches to designing an economy capable of life. The purpose of the article is to obtain criteria that satisfy such an economy. The hypothesis is the idea of the ability of the economy to self-propulsion due to the continuous exchange between its elements. Information and knowledge are considered as a universal category that takes part in the processes of exchange. Hence the problem of stability in complex open nonlinear systems is emphasized; a definition is given for the ultra-sustainability of the economy – ​the economy bypasses those states that can lead to a change in sustainability. The author sees the result of the study of the potential for ultra-sustainability in the “vivid†components of the economy: the ability of the economic system to interact with lower and higher levels in the hierarchical structure; definition of meanings and goal setting; prioritization in safety and evolution; subjectivity; production and application of knowledge; processing external chaos and working into its own complexity; functioning feedbacks; the presence of a strong-willed and effective component; accountability mechanism. The research method consists in referring to a systematic and synergistic approach, which makes possible to explain the phenomenon of homeostasis in the economy. Intermediate conclusions are obtained: information and knowledge components can act as a unifying element for exchange processes in the economy. The conclusion that self-completion of a holistic image of the national economy can be carried out with the help of knowledge, which act as a driving and structuring force, is proposed for discussion in economic science.

Date: 2023
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.ecr-journal.ru/jour/article/viewFile/850/528 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ack:journl:y:2023:id:850

DOI: 10.33293/1609-1442-2023-2(101)-31-48

Access Statistics for this article

More articles in Economics of Contemporary Russia from Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences
Bibliographic data for series maintained by Ð ÐµÐ´Ð°ÐºÑ†Ð¸Ñ ().