Self-Organization and Commodity Market
Last modified: 2010-05-31
Abstract
The current structure of the commodity market does not ensure the stability of the commodity market to crises, to changes in external and internal environment.
What should be the structure of the commodity market so it could be a highly adaptive system?
The answer was found in the system approach.
Synergetics studies the development processes of self-organizing systems. Such systems are the most resistant to significant changes in internal and external environment. Self-organizing systems can change their rules and structure, adapting to new conditions.
On the contrary, Cybernetics studies the structure and functions of adaptive systems that function effectively in the conditions of minor fluctuations of the internal and external environment.
On the real commodity market both the development and operation processes take place. Therefore, when constructing a theoretical model of the commodity market it was reasonable to combine the synergistic and cybernetic approaches.
Combining cybernetic and synergistic approaches has made it possible to develop a model of self-organizing system that is adequate to the commodity market. In this model the system structure, functions of components and subsystems, all the types of rules and relationships are described.
Full Text: PDF