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Cyclicity of stability in economy

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  • Kuzmin, Evgeny

Abstract

The article considers the science problem of identification of a life cycle of an economic agent in particular and of organizational-economic system in general. As an alternative solution of this problem the author proposes to use an universal index – stability index, which is directly linked with measure of uncertainty (entropy) and certainty (negentropy). Differentiated life cycle of stability allows us to approach the question of deliberate adaptation to ongoing changes, when control and resource management are done efficiently, in more adequate and, in some cases, more effective and rational way. The research gives some basic theoretical-methodological assumptions considering the stability dynamics, performs the typification of life cycle of stability based on its type, shows the significance of stability over a time horizon.

Suggested Citation

  • Kuzmin, Evgeny, 2013. "Cyclicity of stability in economy," MPRA Paper 51241, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:51241
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    References listed on IDEAS

    as
    1. Robert E. Quinn & Kim Cameron, 1983. "Organizational Life Cycles and Shifting Criteria of Effectiveness: Some Preliminary Evidence," Management Science, INFORMS, vol. 29(1), pages 33-51, January.
    2. Danny Miller & Peter H. Friesen, 1984. "A Longitudinal Study of the Corporate Life Cycle," Management Science, INFORMS, vol. 30(10), pages 1161-1183, October.
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    More about this item

    Keywords

    life cycle; fixed stability; uncertainty; comparative stability; synchronous development; stability areas;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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