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Two self-organizing principles in economics and a conflict between them

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  • Yuri Yegorov

Abstract

This paper addresses a theoretical question of two alternative versions of self-organization in socio-economic sciences. The first self-organizing force, spatial resource, is also well known in natural sciences. It is based on motion and interaction of matter in space over time. It was also active in socio-economic processes for many centuries, but was not formally investigated as such a force, apart from regional science literature. The second force is the well-known “invisible hand” of Adam Smith, which was recently transformed into information-financial force. It contains only socio-economic variables that are independent of location. Spatial self-organization also creates solitons (stable evolving spatial structures), which are well known in natural sciences but deserve more investigation by social sciences. Those forces lead to different socio-economic patterns. This creates a conflict between those self-organized forces, which was not studied. Here, it is formulated on both methodological and real levels.

Suggested Citation

  • Yuri Yegorov, 2023. "Two self-organizing principles in economics and a conflict between them," Evolutionary and Institutional Economics Review, Springer, vol. 20(2), pages 213-233, September.
    • Handle: RePEc:spr:eaiere:v:20:y:2023:i:2:d:10.1007_s40844-023-00257-9
    DOI: 10.1007/s40844-023-00257-9
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    More about this item

    Keywords

    Self-organization; Socio-economic model; Structure; Conflict; Resource; Market;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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