Macroeconomic Order from Microeconomic Chaos

Paata Leiashvily

MPRA Paper from University Library of Munich, Germany

Abstract: In this article, the problem of self-organization of economic processes in conditions of perfect competition, based on the interaction of individual and social economic values and market prices, is considered. On the basis of dialectical analysis, the deep internal unity of production and consumption, supply and demand, utility and costs, and other categories that determine the functional closedness and integrity of economic system as a necessary condition to understand the formation process of a macroeconomic order from microeconomic chaos is shown. A new understanding of market processes' self-regulation mechanism and economic optimization on the methodological basis of dialectics is given. The proposed theoretical explanation of economic processes makes it possible to create more adequate applied economic models and develop an effective economic policy.

Keywords: dialectics; self-regulation; equilibrium; economic value; market prices; optimality criteria. (search for similar items in EconPapers)
JEL-codes: A10 B40 D50 (search for similar items in EconPapers)
Date: 2020-05
New Economics Papers: this item is included in nep-mac
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Related works:
Working Paper: Macroeconomic Order from Microeconomic Chaos (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:102436

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