Order and chaos: an alternative concept of market

Detalhes bibliográficos
Autor(a) principal: Oliveira, Édivo de Almeira
Data de Publicação: 2016
Outros Autores: Barbosa, William, de Freitas, Clailton Ataídes
Tipo de documento: Artigo
Idioma: por
Título da fonte: Estudos do CEPE
Texto Completo: https://online.unisc.br/seer/index.php/cepe/article/view/7129
Resumo: Even being one of the pillars to the capitalist system operation, it is true that the concept of market is no consensus among the different approaches of economic thought, because of the different assumptions and axioms that underline its analysis. This paper aims to provide a holistic and pragmatic view of the market based on the concepts of spontaneous order, natural rates and articulated rational expectations with the Chaos Theory. Based on these theoretical foundations it can be concluded that the market is a spontaneous and in progress order, full of nonlinear relationships and made up by self-interested agents who, through social learning process, complicate and enhance the institutional, cultural and technical patterns what make up the market itself in the course of a dynamic time.
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spelling Order and chaos: an alternative concept of marketOrdem e caos: um conceito alternativo de mercadoEven being one of the pillars to the capitalist system operation, it is true that the concept of market is no consensus among the different approaches of economic thought, because of the different assumptions and axioms that underline its analysis. This paper aims to provide a holistic and pragmatic view of the market based on the concepts of spontaneous order, natural rates and articulated rational expectations with the Chaos Theory. Based on these theoretical foundations it can be concluded that the market is a spontaneous and in progress order, full of nonlinear relationships and made up by self-interested agents who, through social learning process, complicate and enhance the institutional, cultural and technical patterns what make up the market itself in the course of a dynamic time.Mesmo constituindo-se um dos pilares de funcionamento do sistema capitalista, é bem verdade que o conceito de mercado não é consensual entre as distintas abordagens do pensamento econômico, dado as diferentes premissas e axiomas que fundamentam suas análises. Isto posto, o presente trabalho objetiva fornecer uma concepção holística e mais pragmática do mercado a partir dos conceitos de ordem espontânea, taxas naturais e expectativas racionais articulados com a Teoria do Caos. Com base nesses fundamentos teóricos conclui-se que o mercado é uma ordem espontânea evolutiva, repleta de relações não-lineares e formada por agentes autointeressados que, mediante processo de aprendizagem social, complexificam e aprimoram os padrões institucionais, culturais e técnicos que configuram o próprio mercado no transcorrer de um tempo dinâmico.Universidade de Santa Cruz do Sul2016-01-10info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://online.unisc.br/seer/index.php/cepe/article/view/712910.17058/cepe.v0i43.7129Estudos do CEPE; Nº 43 - Janeiro/Junho 2016; 04-221982-6729reponame:Estudos do CEPEinstname:Universidade de Santa Cruz do Sul (UNISC)instacron:UNISCporhttps://online.unisc.br/seer/index.php/cepe/article/view/7129/5087Copyright (c) 2016 Estudos do CEPEinfo:eu-repo/semantics/openAccessOliveira, Édivo de AlmeiraBarbosa, Williamde Freitas, Clailton Ataídes2016-08-23T14:01:07Zoai:ojs.online.unisc.br:article/7129Revistahttp://online.unisc.br/seer/index.php/cepePUBhttp://online.unisc.br/seer/index.php/cepe/oaianadapper@mx2.unisc.br||ralievi@unisc.br|| carolina_haas@hotmail.com1982-67291413-4128opendoar:2016-08-23T14:01:07Estudos do CEPE - Universidade de Santa Cruz do Sul (UNISC)false
dc.title.none.fl_str_mv Order and chaos: an alternative concept of market
Ordem e caos: um conceito alternativo de mercado
title Order and chaos: an alternative concept of market
spellingShingle Order and chaos: an alternative concept of market
Oliveira, Édivo de Almeira
title_short Order and chaos: an alternative concept of market
title_full Order and chaos: an alternative concept of market
title_fullStr Order and chaos: an alternative concept of market
title_full_unstemmed Order and chaos: an alternative concept of market
title_sort Order and chaos: an alternative concept of market
author Oliveira, Édivo de Almeira
author_facet Oliveira, Édivo de Almeira
Barbosa, William
de Freitas, Clailton Ataídes
author_role author
author2 Barbosa, William
de Freitas, Clailton Ataídes
author2_role author
author
dc.contributor.author.fl_str_mv Oliveira, Édivo de Almeira
Barbosa, William
de Freitas, Clailton Ataídes
description Even being one of the pillars to the capitalist system operation, it is true that the concept of market is no consensus among the different approaches of economic thought, because of the different assumptions and axioms that underline its analysis. This paper aims to provide a holistic and pragmatic view of the market based on the concepts of spontaneous order, natural rates and articulated rational expectations with the Chaos Theory. Based on these theoretical foundations it can be concluded that the market is a spontaneous and in progress order, full of nonlinear relationships and made up by self-interested agents who, through social learning process, complicate and enhance the institutional, cultural and technical patterns what make up the market itself in the course of a dynamic time.
publishDate 2016
dc.date.none.fl_str_mv 2016-01-10
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://online.unisc.br/seer/index.php/cepe/article/view/7129
10.17058/cepe.v0i43.7129
url https://online.unisc.br/seer/index.php/cepe/article/view/7129
identifier_str_mv 10.17058/cepe.v0i43.7129
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://online.unisc.br/seer/index.php/cepe/article/view/7129/5087
dc.rights.driver.fl_str_mv Copyright (c) 2016 Estudos do CEPE
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2016 Estudos do CEPE
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade de Santa Cruz do Sul
publisher.none.fl_str_mv Universidade de Santa Cruz do Sul
dc.source.none.fl_str_mv Estudos do CEPE; Nº 43 - Janeiro/Junho 2016; 04-22
1982-6729
reponame:Estudos do CEPE
instname:Universidade de Santa Cruz do Sul (UNISC)
instacron:UNISC
instname_str Universidade de Santa Cruz do Sul (UNISC)
instacron_str UNISC
institution UNISC
reponame_str Estudos do CEPE
collection Estudos do CEPE
repository.name.fl_str_mv Estudos do CEPE - Universidade de Santa Cruz do Sul (UNISC)
repository.mail.fl_str_mv anadapper@mx2.unisc.br||ralievi@unisc.br|| carolina_haas@hotmail.com
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