75264

Автор(ы): 

Автор(ов): 

1

Параметры публикации

Тип публикации: 

Доклад

Название: 

Market Failures and Basic Immanent Non-material Constraints for A Conventional Economic Exchange System

Электронная публикация: 

Да

ISBN/ISSN: 

979-8-3503-3790-7

DOI: 

10.1109/MLSD58227.2023.10303796

Наименование конференции: 

  • 2023 16th International Conference Management of large-scale system development (MLSD)

Наименование источника: 

  • Proceedings of the 16th International Conference Management of Large-Scale System Development (MLSD)

Город: 

  • Москва

Издательство: 

  • IEEE

Год издания: 

2023

Страницы: 

https://ieeexplore.ieee.org/document/10303796
Аннотация
An abstract economy always faces at least material constraints. The 1 st and 2 nd Arrow theorems give us a set of conditions under which one can ‘easily’ achieve any physically permitted Pareto-optimal distribution he needs. In reality, a big part or nearly all of these conditions are violated. Still, laissez-fair policy advocates consider such circumstances as widespread but particular exceptions, that can potentially be fixed by "appropriate institutions". Here we demonstrate a set of universal constraints (not always active) like possible labor excess, price stability constraint (with volatility generation layer as a Hardin‘s’ barrier-punishment function), and additional liquidity constraint system (unifying both material and non-physical aspect) that are a concrete and nearly unavoidable consequence of the current state of market-running mechanisms. This circumstance makes one deeply pessimistic about libertarian deregulation principles’ applicability. Here we make an effort to present these constraints in one set of variables.

Библиографическая ссылка: 

Кривошеев О.И. Market Failures and Basic Immanent Non-material Constraints for A Conventional Economic Exchange System / Proceedings of the 16th International Conference Management of Large-Scale System Development (MLSD). М.: IEEE, 2023. С. https://ieeexplore.ieee.org/document/10303796.