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Introduction to Economic Cybernetics

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  • Lange, Oskar

Abstract

Introduction to Economic Cybernetics introduces the reader to economic cybernetics, that is, the application of the principles of the theory of automatic control to the problems of managing the economic processes, and particularly the processes in a socialist economy. Topics covered include the general principles of regulation and control; cybernetic schemata of the theory of reproduction; the theory of stability of regulation systems; and a generalization of the theory of regulation. This book is comprised of five chapters and begins with an overview of economic cybernetics, followed by a discussion on the process of automatic regulation and how it functions, with particular reference to the basic formula of the theory of regulation and cybernetic interpretation of operations on operators. The following chapters focus on cybernetic schemata of the theory of reproduction; the dynamics of regulation processes; and the practical problems in regulation. The final chapter describes a general theory of regulation formalized as a linear differential-difference ""equation of response"", and gives the solution to this equation for both the homogeneous and non-homogeneous versions. This monograph will be a useful resource for practitioners of economics, physics, and mechanics.

Suggested Citation

  • Lange, Oskar, 1970. "Introduction to Economic Cybernetics," Elsevier Monographs, Elsevier, edition 1, number 9780080066523.
  • Handle: RePEc:eee:monogr:9780080066523
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    Cited by:

    1. Y Veneris, 1993. "Reliable Design under Conflicting Social Values," Environment and Planning B, , vol. 20(2), pages 145-162, April.
    2. Xindong He & Linhong Wu & Guoqiang Shen & Xingfan Peng & Lei Huang, 2023. "A Spatiotemporal Analysis of Ecological–Economic Coupling Coordination in the Chengdu–Chongqing Urban Agglomeration," Land, MDPI, vol. 12(7), pages 1-20, July.
    3. K. Vela Velupillai, 2004. "Economic Dynamics and Computation—Resurrecting the Icarus Tradition," Metroeconomica, Wiley Blackwell, vol. 55(2‐3), pages 239-264, May.
    4. Hubert Gabrisch, 2020. "Elements, origins and future of Great Transformations: Eastern Europe and global capitalism," The Economic and Labour Relations Review, , vol. 31(2), pages 172-190, June.
    5. Cornelis A. Los, 2005. "The Degree of Stability of Price Diffusion," Finance 0508006, University Library of Munich, Germany.
    6. Lokshin, Michael, 2009. "A survey of poverty research in Russia: Does it follow the scientific method?," Economic Systems, Elsevier, vol. 33(3), pages 191-212, September.
    7. K. Vela Velupillai & Stefano Zambelli, 2010. "Computation in Economics," ASSRU Discussion Papers 1001, ASSRU - Algorithmic Social Science Research Unit.
    8. Dariusz Gołȩbiewski & Tomasz Barszcz & Wioletta Skrodzka & Igor Wojnicki & Andrzej Bielecki, 2022. "A New Approach to Risk Management in the Power Industry Based on Systems Theory," Energies, MDPI, vol. 15(23), pages 1-19, November.
    9. K. Vela Velupillai, 2011. "The Phillips Machine, the Analogue Computing Tradition in Economics and Computability," Economia politica, Società editrice il Mulino, issue 1, pages 39-62.
    10. K. Vela Velupillai, 2010. "Introduction to the Phillips Machine and the Analogue Computing Tradition in Economics," ASSRU Discussion Papers 1008, ASSRU - Algorithmic Social Science Research Unit.
    11. Buda, Rodolphe, 1999. "Market Exchange Modelling Experiment, Simulation Algorithms, and Theoretical Analysis," MPRA Paper 4196, University Library of Munich, Germany, revised 2000.
    12. K. Vela Velupillai & Stefano Zambelli, 2011. "Computing in Economics," Chapters, in: John B. Davis & D. Wade Hands (ed.), The Elgar Companion to Recent Economic Methodology, chapter 12, Edward Elgar Publishing.
    13. Buda, Rodolphe, 1999. "Quantitative Economic Modeling vs Methodological Individualism ?," MPRA Paper 4004, University Library of Munich, Germany.
    14. George Pasdirtz, 2007. "Controlling the US health care system with policy wedges," Health Care Management Science, Springer, vol. 10(4), pages 311-329, December.

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