Social Equilibrium as a Criterion for Sustainable Development of Public Output

Konstantin Kolev and Ivan Yovkov

Economic Thought journal, 2011, issue 3, 68-91

Abstract: The argument is elucidated, that the economic and political entrepreneurs in contemporary societies represent a value, and in this capacity they are protected by institutions, defining their social role in society. Both subjects personify the nature of the main antagonism in modern societies. In the contemporary public production process they could be both in social equilibrium state and in public conflict situation. An algorithm is provided to specify the equilibrium and the trend for any future social activities of the economic and political entrepreneurs. The theoretical conclusions are proven experimentally by means of an assessment of Bulgaria's economy for the period 1997-2008.

JEL-codes: D72 D73 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2011:i:3:p:68-91

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