Cyclicity of stability in economy

Kuzmin, Evgeny (2013): Cyclicity of stability in economy.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: life cycle, fixed stability, uncertainty, comparative stability, synchronous development, stability areas
• Subjects: D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty; D - Microeconomics > D9 - Intertemporal Choice > D91 - Intertemporal Household Choice ; Life Cycle Models and Saving

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