Evolutionary model of viability of local community institutions with autonomous finances

A model for ensuring the viability of socio-economic systems is proposed. This model is based on the system- forming institution of autonomous finance, which is the basis for the continuity of the life process of local communities, consisting of discrete objects with evolutionary properties to be bo...

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Bibliographic Details
Main Authors: Titov, Petr M., Khorev, Oleg E., Berg, Dmitry B.
Format: Conference Proceeding
Language:English
Subjects:
Economic models
Evolution
Subsystems
Online Access:Get full text
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Summary:A model for ensuring the viability of socio-economic systems is proposed. This model is based on the system- forming institution of autonomous finance, which is the basis for the continuity of the life process of local communities, consisting of discrete objects with evolutionary properties to be born, live and die. At the macroeconomic level, the model represents the flow of life cycles of subsystems of various scales - from aggregates of enterprises of the same technological mode to local communities and individual economic agents, which naturally replace each other and thereby ensure the evolutionary development of the system as a whole.
ISSN:0094-243X
1551-7616
DOI:10.1063/5.0081554