Lange Introduction to Economic Cybernetics

1. Auflage 2014
ISBN: 978-1-4831-4870-0
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 200 Seiten, Web PDF

Introduction to Economic Cybernetics introduces the reader to economic cybernetics, that is, the application of the principles of the theory of automatic control to the problems of managing the economic processes, and particularly the processes in a socialist economy. Topics covered include the general principles of regulation and control; cybernetic schemata of the theory of reproduction; the theory of stability of regulation systems; and a generalization of the theory of regulation. This book is comprised of five chapters and begins with an overview of economic cybernetics, followed by a discussion on the process of automatic regulation and how it functions, with particular reference to the basic formula of the theory of regulation and cybernetic interpretation of operations on operators. The following chapters focus on cybernetic schemata of the theory of reproduction; the dynamics of regulation processes; and the practical problems in regulation. The final chapter describes a general theory of regulation formalized as a linear differential-difference ''equation of response'', and gives the solution to this equation for both the homogeneous and non-homogeneous versions. This monograph will be a useful resource for practitioners of economics, physics, and mechanics.

Autoren/Hrsg.

Lange, Oskar

Inhaltsverzeichnis

1;Front Cover;1
2;Introduction to Economic Cybernetics;4
3;Copyright Page ;5
4;Table of Contents;6
5;Preface to the English Edition;8
6;Foreword;15
7;INTRODUCTION—Cybernetics and Economics;18
8;CHAPTER 1. General Principles of Regulation and Control;28
8.1;1. Automatic regulation in technique;28
8.2;2. The basic formula of the theory of regulation;34
8.3;3. The Keynesian multiplier;40
8.4;4. Regulation and control. Types of control;44
8.5;5. Linear operators;51
8.6;6. Cybernetic interpretation of operations on operators;58
9;CHAPTER 2. Cybernetic Schemata of the Theory of Reproduction;66
9.1;1. The schema of simple reproduction;66
9.2;2. The schema of expanded reproduction;70
9.3;3. The multibranch schema of reproduction;74
9.4;4. The matrix form of the balance equations of production allocation and outlays;77
10;CHAPTER 3. The Dynamics of Regulation Processes;80
10.1;1. Dynamic interpretation of the Keynesian multiplier and of the reproduction schema;80
10.2;2. The condition of convergence of the matrix Am;83
10.3;3. Dynamic interpretation of the basic formula of the theory of regulation;85
10.4;4. An example of the course of the regulation process in time;89
10.5;5. The dynamics of the Marxian process of reproduction;94
10.6;6. Block schemata of dynamic processes;97
10.7;7. The dynamics of the market price;101
11;CHAPTER 4. The Theory of Stability of Regulation Systems;105
11.1;1. General analysis of the dynamics of regulation processes;105
11.2;2. The dynamics of continuous regulation processes;109
11.3;3. Practical problems in regulation;113
11.4;4. Example: The problem of reaction to stimuli;118
12;CHAPTER 5. A Generalization of the Theory of Regulation;126
12.1;1. The response equation of the system;126
12.2;2. Solution of the response equation;136
12.3;3. Example: Kalecki's model of business cycles;144
12.4;4. The criteria of efficiency of regulation and the reliability of systems;160
13;Bibliography;192
14;Index of Names;196
15;Index of Terms;198