Economical equilibrium

Economical equilibrium

by Ilya Vladimirovich Kuntsevich

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Modern economics is a focus of many people, especially in the aftermath of the 2007-2008 financial and economic crisis. One has to wonder - what's wrong with the economic system if it breaks down now and then? Should the modern economic theories, accounting principles and financial models be relied upon going forward? Could we devise an alternative economic system, which would be whole and sustainable, and allow a crisis-proof pace of economics? Could we design and build more intelligent tools and models in order to see the big picture and avoid future crises?

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