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The nature and origin of stability in economic processes

Author

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  • Kuzmin, Evgeny

Abstract

The article clarifies the substantive aspects of emergence of stability in dynamics of development of economic entities. The condition of stability demonstration in economic processes through the measures of uncertainty and certainty is provided and proved. The tetralistic nature of stability as a property of both state (position) and result of a self-organization mechanism of the economic entity is grounded. The author's position on the non-exclusive role of the rate of transformations in organization and external fluctuations expressed in asynchronous oscillations and responses to them is reasoned. The role of strength and reliability in stability characteristic in the course of adaptation to undesirable deviations from the idealistic path of a life cycle is given.

Suggested Citation

  • Kuzmin, Evgeny, 2013. "The nature and origin of stability in economic processes," MPRA Paper 47894, University Library of Munich, Germany, revised Jun 2013.
    • Handle: RePEc:pra:mprapa:47894
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    File URL: https://mpra.ub.uni-muenchen.de/47894/1/MPRA_paper_47894.pdf
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    More about this item

    Keywords

    uncertainty; stability; economic entities; reliability; strength; adaptability; «memory effect».;
    All these keywords.

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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