American Research Journal of Humanities and Social Sciences                cover
Open Access

American Research Journal of Humanities and Social Sciences

ISSN (Online): 2378-7031

DOI: 10.46568/arjhss

Research Article Vol. 7, Issue 1 2021 Open Access

Macroeconomic Order from Microeconomic Chaos

Prof. Paata Leiashvily

Director of the Institute for Social and Economic Studies. St. P. Iberi, 16, apt. 98., Tbilisi, 0131, Georgia.
E-mail: pleiashvili@yahoo.com, palepano@gmail.com
Citation: Paata Leiashvily “Macroeconomic Order from Microeconomic Chaos”. American Research Journal of Humanities and Social Sciences, Vol 7, no. 1, 2021, pp. 1-15.
Abstract
In this article, the problem of self-organization of economic processes in conditions of perfect competition, based on the interaction of individual and social economic values and market prices, is considered. On the basis of dialectical analysis, the deep internal unity of production and consumption, supply and demand, utility and costs, and other categories that determine the functional closedness and integrity of economic system as a necessary condition to understand the formation process of a macroeconomic order from microeconomic chaos is shown. A new understanding of market processes’ self-regulation mechanism and economic optimization on the methodological basis of dialectics is given. The proposed theoretical explanation of economic processes makes it possible to create more adequate applied economic models and develop an effective economic policy.