Reviews of topical problems

On some problems of physical economics

 a,  a,  b, c
a Lebedev Physical Institute, Russian Academy of Sciences, Leninsky prosp. 53, Moscow, 119991, Russian Federation
b Institute of Technology and Processing of Glass Structures, Russian Academy of Sciences, prosp. Stroitelei 1, Saratov, 410044, Russian Federation
c Corporation Kurs, ul. 2-Baumanskaya 9/23, build. 18, Moscow, 107005, Russian Federation

Attempts of designing economics along the lines of natural sciences (in particular, physics) with the use of mathematical modeling are reviewed. This area of research has come to be known as physical economics. Some topical questions of market economics are discussed; specifically, whether the market equilibrium is unique, whether transitions between stationary states are possible, and, if so, how these transitions proceed. By analogy with physics, the apparatus of mathematical modeling is widely used in answering these questions. It is shown that, under given external conditions, a self-sufficient country can be in two stationary, stable states — either in a high-productivity (HP) or in a low-productivity (LP) state. Transitions between them appear to be either an ’economical crisis’ or an ’economical miracle’. It is shown that, for contemporary Russia, the crisis is already over, and the country is now in a stable LP state. Possible transitions to a HP state are discussed. The distributions of social elements over liquid accumulations and incomes are considered. It is shown that, in present-day Russia, these distributions are bimodal, meaning the coexistence of the poor and the wealthy with virtually no middle layer in between. In the tail of the distribution, a very small number of very wealthy people are present.

Fulltext is available at IOP
PACS: 07.05.Tp, 89.20.−a, 89.65.Gh (all)
DOI: 10.1070/PU2002v045n09ABEH001132
Citation: Chernavskii D S, Starkov N I, Shcherbakov A V "On some problems of physical economics" Phys. Usp. 45 977–997 (2002)
BibTexBibNote ® (generic)BibNote ® (RIS)MedlineRefWorks

Оригинал: Чернавский Д С, Старков Н И, Щербаков А В «О проблемах физической экономики» УФН 172 1045–1066 (2002); DOI: 10.3367/UFNr.0172.200209c.1045

References (45) ↓ Cited by (10) Similar articles (20)

  1. LaRouche L H (Jr) "The science of physical economy as the Platonic epistemological basis for all branches of human knowledge" Parts 1, 2, 3 Executive Intel. Rev. 21 (9-10, 1994) [Translated into Russian (Moscow: Nauchnaya Kniga, 1997)]
  2. Nelson R R, Winter S G An Evolutionary Theory of Economic Change (Cambridge, MA: Belknap Press of Harvard Univ. Press, 1982) [Translated into Russian (Moscow: ZAO `Finstatinform’, 2000)]
  3. Ashmanov S A Vvedenie v Matematicheskuyu Ekonomiku (Introduction to Mathematical Economics, Moscow: Nauka, 1984)
  4. Silverberg G "Modelirovanie evolyutsionnykh protsessov v ekonomike" ("Modeling of evolutionary processes in economics") Vestn. Molod. Uchenykh. Ser. Ekonom. Nauki 2 (6) 76 (2000)
  5. Pu T Nonlinear Economic Dynamics (Berlin: Springer, 1997) [Translated into Russian (Izhevsk: Udmurtskiî Univ., 2000); Trofimov V V "Geometricheskiî analiz bol’shikh ekonomicheskikh sistem" ("Geometrical analysis of large economic systems"), in Pu T Nelineînaya Ekonomicheskaya Dinamika (Nonlinear Economic Dynamics, Izhevsk: Udmurtskiî Univ., 2000) p. 174
  6. Zhang W-B Synergetic Economics: Time and Change in Nonlinear Economics (Berlin: Springer-Verlag, 1991) [Translated into Russian (Moscow: Mir, 1999)]
  7. Lebedev V V Matematicheskoe Modelirovanie Sotsial’no-Ekonomicheskikh Protsessov (Mathematical Modeling of Socioeconomic Processes, Moscow: Izograf, 1997)
  8. Samuelson P A Foundations of Economic Analysis (Cambridge, Mass.: Harvard Univ. Press, 1947)
  9. Allen R G D Mathematical Economics (London: Macmillan, 1956) [Translated into Russian (Moscow: IL, 1963)]
  10. Hicks J R Value and Capital: An Inquiry Into Some Fundamental Principles of Economic Theory 2nd ed. (Oxford: Clarendon Press, 1946) [Translated into Russian (Moscow: Progress, 1988)]
  11. Allais M Economics as a Science (Genève: Graduate Institute of International Studies, 1968) [Translated into Russian (Moscow: Nauch.-Izd. Tsentr `Nauka dlya Obshchestva’: Izd. Tsentr Ross. Gumanitarnogo Univ., 1995)]
  12. Schumpeter J A The Theory of Economic Development (Cambridge, Mass.: Harvard Univ. Press, 1934) [Translated into Russian (Moscow: Progress, 1982)]
  13. Saviotti P P, Mani G S J. Evol. Econ. 5 369 (1995)
  14. Silverberg G, Verspagen B, in Evolution und Selbstorganisation in der Ökonomie (Selbstorganisation. Jahrbuch für Komplexität in den Natur-Sozial-und Geisteswissenschaften, Bd. 9, Hrsg. F Schweitzer, G Silverberg, Berlin: Duncker & Humbolt, 1998) s. 239
  15. Maevskiî V I Vvedenie v Evolyutsionnuyu Ekonomiku (Introduction to Evolutionary Economics, Moscow: Yaponiya Segodnya, 1997)
  16. Chernavskiî D S, Starkov N I, Shcherbakov A V "Dinamicheskaya model’ zakrytogo obshchestva" ("Dynamical model of a closed society"), Preprint No. 36 of P N Lebedev Physics Institute (Moscow: FIAN, 1999); Mat. Model. 13 (11) 97 (2001)
  17. Chernavskiî D S, Starkov N I, Shcherbakov A V "Bazovaya dinamicheskaya model’ ekonomiki Rossii" ("The base dynamical model of Russia’s economy"), Preprint No. 1 of P N Lebedev Physics Institute (Moscow: FIAN, 2000)
  18. Petrov A A, Pospelov I G, Shananin A A Opyt Matematicheskogo Modelirovaniya Ekonomiki (A Study in Mathematical Modeling of Economics, Moscow: Energoatomizdat, 1996)
  19. Polterovich V M "Institutsional’nye lovushki i ekonomicheskie reformy" ("Institutional traps and economic reform"), Preprint 98/004 of Russian Economic School (Moscow: RÉSh, 1998); Ekonom. Mat. Metody 35 (2) 3 (1999)
  20. Ivanov Yu N, Tokarev V V, Uzdemir A P Matematicheskoe Opisanie Elementov Ekonomiki (Mathematical Description of the Economy Elements, Moscow: Nauka, 1994)
  21. Saviotti P P J. Evol. Econ. 11 119 (2001)
  22. Samuelson P A Economics (New York: McGraw-Hill, 1980) [Translated into Russian (Moscow: NPO `Algon’, Mashinostroenie, 1993)]
  23. Fischer S, Dornbusch R, Schmalensee R Economics 2nd ed. (New York: McGraw-Hill, 1988) [Translated into Russian (Moscow: Delo, 1993)]
  24. Blaug M Economic Theory in Retrospect 4th ed. (Cambridge: Cambridge Univ. Press, 1985) [Translated into Russian (Moscow: Delo, 1994)]
  25. Chernavskiî D S et al. Izv. Vyssh. Uchebn. Zaved. Prikl. Nelineînaya Dinamika 4 (3) 67 (1996)
  26. Chernavskii D S, Starkov N I, Shcherbakov A V J. Moscow Phys. Soc. 9 89 (1999)
  27. Chernavskii D S et al. "The dynamics of the economic society structure", in Mathematical Models of Non-Linear Excitations, Transfer, Dynamics, and Control in Condensed Systems and Other Media (Eds L A Uvarova, A E Arinstein, A V Latyshev, New York: Kluwer Acad./Plenum Publ., 1999) p. 103
  28. Aîvazyan S A Ekonom. Mat. Metody 33 (3-4) 74 (1997)
  29. Malinetskiî G G, in Upravlenie Riskom: Risk. Ustoîchivoe Razvitie. Sinergetika (Risk Management: Risks. Sustainable Development. Synergetics, Eds I M Makarov et al., Moscow: Nauka, 2000) p. 125
  30. Peters E E Chaos and Order in the Capital Markets 2nd ed. (New York: Wiley, 1996) [Translated into Russian (Moscow: Mir, 2000) p. 130]
  31. Chernavskiî D S, Shcherbakov A V, Suslakov B A Sotsial’no-ekonomicheskiî Byulleten’ (Socioeconomic Bulletin, Moscow: Izd. Sotsial’no-Tekhnologicheskogo Inst., 1999)
  32. Chernavskiî D S, Shcherbakov A V, Suslakov B A Sotsial’no-ekonomicheskiî Byulleten’ (Socioeconomic Bulletin, Moscow: Izd. Sotsial’no-Tekhnologicheskogo Inst., 2001)
  33. Rodo Tokay Eran (Review of Labor Policy in Japan, in Japanese, Tokyo, 1988) p. 185
  34. Braginsky V B Priroda (12) 3 (2000) [Nature (Moscow, 12) 3 (2000)]
  35. Chernavskiî D S et al. Ekonom. Mat. Metody 34 (2) 44 (1998)
  36. Voronovitskiî M M Ekonom. Mat. Metody 33 (2) 109 (1997)
  37. Chernavskiî D S et al. Zakonodatel’stvo Ekonom. (7/8) 8 (1995)
  38. Romanovskiî Yu M, Stepanova N V, Chernavskiî D S Matematicheskaya Biofizika (Mathematical Biophysics, Moscow: Nauka, 1984)
  39. Poston T, Stewart I Catastrophe Theory and Its Applications (London: Pitman, 1978) [Translated into Russian (Moscow: Mir, 1980)]
  40. Sotsial’no-ekonomicheskoe Polozhenie Rossii. Janvar’ 2000 goda (The Socioeconomic State of Russia. January 2000, Moscow: Goskomstat RF, 2000)
  41. Sotsial’no-ekonomicheskoe Polozhenie Rossii. Janvar’ 2001 (The Socioeconomic State of Russia. January 2001, Moscow: Goskomstat RF, 2001)
  42. The Collected Writings of John Maynard Keynes 30 vols (London: Macmillan, 1971-1989) [Partial Russian translation: Izbrannye Proizvedenia (Moscow: Ekonomika, 1993)]
  43. Fridman M Esli by Den’gi Zagovorili... (If Money Could Speak..., Moscow: Delo, 1999)
  44. Krakh Dollara (Crash of the Dollar) A Collection of Articles (Compiled by A A Nagornyî, Moscow: Izd. N E Chernysheva, 2001)
  45. Feînberg E L Dve Kul’tury: Intuitsiya i Logika v Iskusstve i Nauke (Two Cultures: Intuition and Logic in Art and Science, Moscow: Nauka, 1992) [Expanded German edition: Zwei Kulturen (Berlin: Springer-Verlag, 1998)]; Voprosy Filosofii (7) 54 (1997)

© 1918–2021 Uspekhi Fizicheskikh Nauk
Email: Editorial office contacts About the journal Terms and conditions