10 Self-organization in economic systems

For a system, self-organization is the ability of adaptation to certain changes in the system or in the metasystem, preserving its integrity. The basic mechanism of self-organization consists in a nonlinear feedback, making a system nonlinear as the whole. This feature allows an adequate response of a system to the character and amount of internal and external disturbances. Such response gets realized in the form of different modes of their functioning.

Therefore, we will understand self-organization as the ability of a system to generate different modes for preserving its integrity. Within the framework of this definition, a system admitting a unique locally stable equilibrium has no capacity for self-organization. ...

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