The Development of Economy and Society Without Crises: Reality or Utopia?

Abstract

In 1803, Jean-Baptiste Say published A Treatise of Political Economy, which outlined the hypothesis that an overproduction of goods and economic crises are not possible. In fact, the economy proved to be more difficult, since in reality there are conditions that violate the macroeconomic equilibrium and Say's Law. In our research we examined the causes of failure Say's Law in terms of non-equilibrium economic theory.Nonequilibrium analysis showed in some areas is not performed Say's Law. Firstly, it is a normal profit that goes to the credit sphere and then into savings. Secondly, it is the differential rent, which is also almost entirely goes to the savers under payment for the provision factors of production. Third, it is wages, which is received representatives of the savers. These articles are a hole in the economy, where it goes irrevocably part of the revenue of producers, thereby disrupting the balance between production and consumption, between supply and demand. Global consequence of this process is the division of society into polar pole of the income gap. This results in the scale of individual countries and the global community to the conflicts between different groups of people in society: migration problems, hunger, poverty, terrorism and war.In the course of our research, we have developed state regulation measures that will help to solve the problems of economic and financial crises.