LINIARITY OF THE ECONOMIC SYSTEM

Dumitru Andrei
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Dumitru Andrei: Lucian Blaga University of Sibiu

Revista Economica, 2017, vol. 69, issue 2, 30-38

Abstract: This paper aims to achieve a critical analysis on the condition of linearity in relation to the economic system, in terms of systems theory. In this context the benefits are captured and methodological limitations arising from systemic approach to the economy. Critical analysis is done from a perspective that captures cyber connections between economics and its concepts of theoretical physics and especially concept derived from quantum mechanics. Special emphasis is given to the nonlinear nature of economic systems and the consequences that flow from it in the process of shaping the economic phenomenon. The condition of linearity to the default assumed the current economic model is systematically demolished by the reality of the crisis phenomena, but without this phenomenon shaping economic conditions is impossible. This contradiction is also assumed strong point of the analysis of economic phenomena and the "Achilles heel". Although there is no logical solution to eliminate this contradiction, but clarification and assuming this level may help to optimize the modeling process. To achieve this, however, it is necessary to clarify the conceptual framework in which the modeling took place. Thus,methodological clarifications to the work provides a new perspective on the economic crisis in general and the study of the mechanisms of formation of bubbles in particular.

Keywords: economics; systems; liniarity; quantum mechanics (search for similar items in EconPapers)
JEL-codes: C51 C53 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:69:y:2017:i:2:p:30-38

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