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Macroeconomic Order from Microeconomic Chaos

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  • Leiashvily, Paata

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.

Suggested Citation

  • Leiashvily, Paata, 2021. "Macroeconomic Order from Microeconomic Chaos," MPRA Paper 106791, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:106791
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    File URL: https://mpra.ub.uni-muenchen.de/106791/1/MPRA_paper_106791.pdf
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    References listed on IDEAS

    as
    1. Ucw, 2003. "Understanding Children's Work in Yemen," UCW Country Studies 3, Understanding Children's Work (UCW Programme).
    2. Leiashvily, Paata, 2017. "The Relativity Theory of General Economic Equilibrium," MPRA Paper 83291, University Library of Munich, Germany.
    3. Ucw, 2003. "Understanding Children's Work in Guatemala," UCW Country Studies 1, Understanding Children's Work (UCW Programme).
    4. Ucw, 2003. "Understanding Children's Work in Nepal," UCW Country Studies 4, Understanding Children's Work (UCW Programme).
    5. Leiashvily, Paata, 2018. "The frame of reference for new economic thinking," MPRA Paper 84563, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Leiashvily, Paata, 2024. "Симметричная Модельэкономического Равновесия: Круговая Организация Экономических Рроцессов [Symmetric Model of Economic Equilibrium: Circular Organization of Economic Processes]," MPRA Paper 119783, University Library of Munich, Germany.
    2. Leiashvily, Paata, 2022. "The Economy as a Nonlinear Complex System: In Search of a New Paradigm," MPRA Paper 113601, University Library of Munich, Germany.
    3. Леиашвили, Паата, 2022. "Экономика Как Сложная Система: В Поисках Новой Парадигмы [The Economy as a Nonlinear Complex System: In Search of a New Paradigm]," MPRA Paper 114140, University Library of Munich, Germany.
    4. Leiashvily, Paata, 2023. "Symmetric Model of Economic Equilibrium: Circular Organization of Economic Processes," MPRA Paper 119594, University Library of Munich, Germany.
    5. Leiashvily, Paata, 2022. "The Economy as a Complex System of Economic Actions: In Search of a New Paradigm," MPRA Paper 116226, University Library of Munich, Germany.

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    More about this item

    Keywords

    dialectics; self-regulation; equilibrium; economic value; market prices; optimality criteria;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General

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