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The Functionality of Micro- and Macro-economics

The evolutionary economics introduced by Thorstein Bunde Veblen tried to change economics, focusing on social development and sustainability. Unfortunately, the lack of a model to understand and manage evolution transformed evolutionary economics into a utopian framework.

The discovery of the ontogenesis of evolution, at The Unicist Research Institute, provided the model needed to recover evolutionary economics to manage the sustainability of economic evolution based the empowerment of knowledge economy and microeconomics driven development.

It has to be considered that in an evolutionary approach, microeconomics drives the evolution while macroeconomics establishes the framework for social development.

The microeconomic initiative is lost when macroeconomics intends to be the driver of evolution.

Macroeconomics driven economies are only functional in transition stages when there is an extreme need for avoiding chaos.

Peter Belohlavek

NOTE: The Unicist Research Institute has been, since 1976, the pioneer in complexity science research to deal with adaptive entities and became a private global decentralized leading research organization in the field of adaptive systems and environments. It was one of the precursors of the Industry 4.0 concept