Author:
Peter Mihalyi
Peter Mihalyi
University of Pannonia Department of Finance Egyetem u. 10 H-8200 Veszprém Hungary
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Anti-Equilibrium (1971) was well ahead of its time in emphasising that (i) economics should draw from biology, rather than physics, as its methodological underpinning; (ii) evolutionary logic requires a different type of decision-making in simple, routine matters, as opposed to large and important decisions; (iii) the most important production processes are non-linear, with increasing returns to scale being the rule, rather than the exception in modern capitalist economies and — in conclusion — that there is no such thing as general equilibrium. In modern societies, goods and services are either in shortage (Socialism) or in a state of oversupply (Capitalism). It is either a buyers’ market or sellers’ market.
Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: judit.kalman@uni-corvinus.hu
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| 2023 | |
|---|---|
| Web of Science | |
| Journal Impact Factor | 0.7 |
| Rank by Impact Factor | Q3 (Economics) |
| Journal Citation Indicator | 0.23 |
| Scopus | |
| CiteScore | 1.4 |
| CiteScore rank | Q3 (Economics and Econometrics) |
| SNIP | 0.385 |
| Scimago | |
| SJR index | 0.218 |
| SJR Q rank | Q4 |
| Acta Oeconomica | |
|---|---|
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| Acta Oeconomica | |
|---|---|
| Language | English |
| Size | B5 |
| Year of Foundation |
1966 |
| Volumes per Year |
1 |
| Issues per Year |
4 |
| Founder | Magyar Tudományos Akadémia |
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H-1051 Budapest, Hungary, Széchenyi István tér 9. |
| Publisher | Akadémiai Kiadó |
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H-1117 Budapest, Hungary 1516 Budapest, PO Box 245. |
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Chief Executive Officer, Akadémiai Kiadó |
| ISSN | 0001-6373 (Print) |
| ISSN | 1588-2659 (Online) |
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Author:
The system paradigm revisited
Clarification and additions in the light of experiences in the post-socialist region
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