Natural Foundations for Management of Balanced Economic Development. Part II. Components of Capital and Prospects of Their Modernization

Vladyslava Shevchuk

doi:10.31767/su.1(76).2017.01.12

Abstract

The attempt of M. Rudenko to build an innovative model of economic balance, based, from ontological perspective, on the principles of even and uneven numbers is analyzed. The thesis that conscious management of balanced economic development in the long run, keeping the balance in economic management in particular, needs to be assured in the industries generating absolute wealth and producing relative wealth is discussed. The components of absolute capital and relative capital are highlighted. It is demonstrated that the fundamental natural principle of economic management is keeping with the energy conservation law, within consideration for the energy distinction between the living and the non-living. This fundamental scientific law is central in sustaining the economic balance and economic development in the long run.

Highlights

Natural Foundations for M anagem ent of Balanced Economic Developm ent
The components of absolute capital and relative capital are highlighted. It is dem onstrated th at the fundamental natural principle of economic management is keeping w ith the energy conservation law, within consideration for the energy distinction between the living and the non-living. This fundamental scientific law is central in sustaining the economic balance and economic development in the long run
The structure of absolute capital can be considered as full, when it includes all the kinds of absolute wealth required for life activities of human societies

Summary

Introduction

Natural Foundations for M anagem ent of Balanced Economic Developm ent. Part II. To make physical-economic interpretation of the absolute capital structure complete, its above mentioned components like land (given its capacity to increase fertility) or crops (annual harvest of grains and their stocks in elevators) should be added by the following categories of absolute wealth: Management of absolute capital needs to be interpreted as control over five categories of absolute wealth: land, crops, straw, livestock, and pus.

Results

Conclusion