Economics as a common interdisciplinary platform–a cybernetic approach
Torben Larsen
Abstract:Cybernetics is the study of communication and control processes in biological, mechanical, and electronic systems and as such more relevant to the study of human behavior than simple paradigms, for instance Bounded Rationality (BR). Cybernetic Economics has like other cybernetic systems three levels: Economics aims to maximize the utility of goods and services Relevant Feedback is QALY-effects, for instance: 1) Eco effects, 2) Human relations and 3) Personal income System Management: Ad 1: A carbon neutral e… Show more
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