Problems of Management by Balanced Long-Term Economic Development through Physical Economy

Volodymyr Shevchuk ()
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Volodymyr Shevchuk: National Academy of Statistics, Accounting and Auditing, Kyiv, Ukraine

Oblik i finansi, 2016, issue 4, 145-152

Abstract: The purpose of the research is to substantiate physical and economic basis for economic development management. This refers to necessity to base management theory and practice on combination of classical and the latest economic and management provisions developed by devotees of the European science of the XVIII-XXI century with improvements made by Ukrainian scientists such as S.A. Podolinskyi, V.I. Vernadskyi and M.D. Rudenko. It discloses physical and economic basis for economic development management. Attention is paid to economic balance issues and analyses formulas, which should be taken as a basis to build complete model of economic balance that by its ontology is based on fundamental energy conservation and conversion law. It presents the balance summation of the annual yield and distribution of cereal crop in the conditions of extended reproduction, common reproduction and in the conditions of formation of distortion of public reproduction. It was proven that scientific heritage of Ukrainian thinkers enables to define edges of economic development management on a physical economy basis.

Keywords: physical and economic knowledge; economic balance; long-term development of the economy; absolute goods; management of the economy development on the basis of the physical economy (search for similar items in EconPapers)
JEL-codes: B11 P51 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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