Economics

Special Issue

Physical Economics and Sustainable Development of the XXI Century: Current State and Prospects

  • Submission Deadline: Aug. 20, 2020
  • Status: Submission Closed
  • Lead Guest Editor: Bohdan Zamkevych
About This Special Issue
This special issue is devoted to studying the main problems facing society: forecasting the economic development of the enterprise, the state. The development of methods for forecasting and managing economic processes based on the ideas of the physical economy in order to ensure balanced economic growth is one way to solve the problem.
What is "physical economics"? A simple question, but even the economic community does not always understand the essence of this term, as evidenced by the lack of use of the ideas of the physical economics in economic analysis in the modern practical economy. Correct management of the economic development of society increases the standard of living of people. Conceptually this can not be achieved by the traditional system of economic analysis, which is based on the principles of equilibrium isolated economic systems. All real processes are nonequilibrium - they change over time and in the behavioral patterns of people. Social life is a natural process, and therefore for it, the general laws of the development of nature are the main. Aristotle (384 BC) wrote that the dynamic unity of all phenomena in the world was realized 2500 years ago by the ancient Greeks, the Chinese, and many others. Francois Quesnay (1758) expressed the opinion that economic development is subject to the general laws of natural development. S. Podolinsky (1880) showed that the labor theory of value should be supplemented by the energy balance - the political economy must unite with physics. Human activity can only be useful if it is aimed at the accumulation of energy and the prevention of the growth of entropy. Economist Laroush L. (1994) proposed the term "physical economics". Under the term "physical economics" Launch understands the economy, built on the general laws of the development of the universe, in other words, according to the model of natural sciences.
The totality of material bodies that are is energy interaction is called the thermodynamic system. The energy affiliation and subordination of the physical, chemical, biological and social processes to the second law of thermodynamics have been recognized by many scholars (P.Chambadal (1967), V. Weinic (1968), G. Odum and E. Odum (1978), Lyndon LaRouche (1994), M. Iermoshenko (2014), B. Zamkevych (2018)).
Unfortunately, most of the research in physical economics is limited to the theoretical justification of their benefits to traditional economics. In periodicals, the results of research and proposals for the introduction of ideas of physical economics into the practical economy are not enough. We welcome the submission of all documents relating to all areas of economic development analysis based on the ideas of physical economics.
Aims and Scope:
  1. Theory of physical economics
  2. Management
  3. State of the economic system
  4. Production
  5. Sustainable development
Lead Guest Editor
  • Bohdan Zamkevych

    Faculty of Economics, National Agrarian University of Bila Tserkva, Bila Tserkva, Ukraine

Guest Editors
  • Olena Bondar

    Faculty of Economics, National Agrarian University of Bila Tserkva, Bila Tserkva, Ukraine