Synergetic Market Hypothesis in the Light of Phenomenological Theory of Phase Transfers of L. Landau

Abstract

The author pays special attention to the fundamental attributes of economic systems - their nonlinearity and nonequilibrium. So the usage of strictly determined optimization models cannot provide adequate results. He argues that the concept of synergetic effect of self-organization is very useful in economic modeling. It is suggested that the theory of phase transfers can be fruitful in the analysis of the evolution of such synergetic systems.