Application of Method of System Potential in Analysis of Economic System Evolution (english version)
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Grigorii Pushnoi: International Bogdanov Institute
Development and Comp Systems from EconWPA
The mathematical formulation of new System Method based on ideas of “system potential” and “conditions of its realization” is given. Cyclical dynamics of “efficiency of work” of a complex adaptive system follows from this Method. These cycles have the properties like to the properties of typical business cycles. It is proposed to identify these evolution cycles of complex adaptive systems as applied to economic system with business cycles.
Keywords: business cycle; catastrophe jump; economic potential; complex adaptive system (search for similar items in EconPapers)
JEL-codes: O P (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpdc:0505014
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