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Synergetic Market Hypothesis in the Light of Phenomenological Theory of Phase Transfers of L. Landau

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  • B. Kuznetsov

Abstract

The author pays special attention to the fundamental attributes of economic systems - their nonlinearity and nonequilibrium. So the usage of strictly determined optimization models cannot provide adequate results. He argues that the concept of synergetic effect of self-organization is very useful in economic modeling. It is suggested that the theory of phase transfers can be fruitful in the analysis of the evolution of such synergetic systems.

Suggested Citation

  • B. Kuznetsov, 2005. "Synergetic Market Hypothesis in the Light of Phenomenological Theory of Phase Transfers of L. Landau," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 8.
  • Handle: RePEc:nos:voprec:y:2005:id:1477
    DOI: 10.32609/0042-8736-2005-8-48-53
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