THE FUTURE OF MACROECONOMICS: A CYBERNETIC VIEW

This paper outlines many weaknesses in macroeconomic theory today and suggests a way out of the dilemma is to use systems or cybernetic thinking. The paper uses a topical case study to illustrate the authors’ views of economics, cybernetics and mathematics. It concludes with recommendations for the...

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Bibliographic Details
Published in:	Visnyk Kyïvsʹkoho nat͡s︡ionalʹnoho universytetu imeni Tarasa Shevchenka. Ekonomika no. 209; pp. 20 - 25
Main Authors:	Lawler, K., Vlasova, T., Moscardini, A.O., Alsariaan, A.
Format:	Journal Article
Language:	English
Published:	2020
Online Access:	Get full text
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Summary:	This paper outlines many weaknesses in macroeconomic theory today and suggests a way out of the dilemma is to use systems or cybernetic thinking. The paper uses a topical case study to illustrate the authors’ views of economics, cybernetics and mathematics. It concludes with recommendations for the future of economics in the 21st century.
ISSN:	1728-2667 2079-908X
DOI:	10.17721/1728-2667.2020/209-2/3