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International Journal of Innovation and Applied Studies
ISSN: 2028-9324     CODEN: IJIABO     OCLC Number: 828807274     ZDB-ID: 2703985-7
 
 
Saturday 26 May 2018

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  Call for Papers - May 2018     |     Now IJIAS is indexed in EBSCO, ResearchGate, ProQuest, Chemical Abstracts Service, Index Copernicus, IET Inspec Direct, Ulrichs Web, Google Scholar, CAS Abstracts, J-Gate, UDL Library, CiteSeerX, WorldCat, Scirus, Research Bible and getCited, etc.  
 
 
 

Fundamentals of crisis-proof economics


Volume 2, Issue 3, March 2013, Pages 196–215

 Fundamentals of crisis-proof economics

Alexander A. Antonov1

1 Research Centre of Information Technologies "TELAN Electronics", P.O. Box 73, Kiev, 03142, Ukraine

Original language: English

Received 21 January 2013

Copyright © 2013 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract


The major problem of the current market economy is absence of appropriate mathematical description of processes taking place in it, which results in misunderstanding of these processes, as well as lack of efficient means of preventing economic crises. The manuscripts suggests such a mathematical description, making use of the circumstance that the 'black box' of market economy has the corresponding 'white box', which turned out to be the processes well known in radio-electronics. This approach allowed proving that the current market economy, due to the significant influence of the human factor, is described with parametric differential equations with random coefficients, the solutions of which are also random functions of time. Therefore, it is basically unpredictable and uncontrollable, which makes economic crises inevitable. In order for the economy to become crisis-proof, it has to be reformed. We suggest using the new economic tools which allow solving the problem. Here belong business-interfaces that can neutralize the internal human factor, and the new global/regional information network TV

Author Keywords: Economic Crisis, Economic Reform, Crisis-Proof Economy, 'Invisible Hand', 'Goods-Money-Goods' Process, Human Factor.


How to Cite this Article


Alexander A. Antonov, “Fundamentals of crisis-proof economics,” International Journal of Innovation and Applied Studies, vol. 2, no. 3, pp. 196–215, March 2013.