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“Periodic Table of Elements” for the Digital Economy
Current Issue
Volume 5, 2018
Issue 2 (June)
Pages: 20-25   |   Vol. 5, No. 2, June 2018   |   Follow on         
Paper in PDF Downloads: 56   Since Jun. 14, 2018 Views: 378   Since Jun. 14, 2018
Elena Pilipenko, Institute of Economics and Entrepreneurship, Nizhny Novgorod State National Research University, Nizhniy Novgorod, Russia.
The rapid digitalization of society makes the transformation of existing economic systems inevitable. Is it possible to predict the economic characteristics of the digital age? Natural sciences have very effective forecasting tools - in chemistry, for example, it is the periodic system of chemical elements by D.I. Mendeleev, which establishes a qualitative dependence of the properties of chemical elements on the quantitative change in the mass of their atomic nucleus and which allows to anticipate the properties of undiscovered elements. The purpose of the article is to substantiate such universal laws for the creation and development of economic systems of any level and degree of complexity. As a research method, it is proposed to consider the structure of the products manufactured in terms of the ratio of the two main production factors: Knowledge and the Substance of Nature. The ratio of the factors ("Knowledge-Substance of Nature") in product manufacture is determined by the geometric dimension of the Substance of Nature involved in the manufacture of this product. In fact, when the geometric dimension of the Substance of Nature used to manufacture a product changes, the socio-economic system also changes. With changes occurring within the size range, the economic system evolves; for a transition from one range to another, a revolution occurs that requires the breakdown of old socio-economic conditions, institutions and tools and the creation of entirely new ones. Thus, an element whose quantitative changes lead to qualitative changes in the economic system is the share of knowledge in the structure of the product, which finds a tangible expression in the geometric dimension of the Substance of Nature used to manufacture this product. Knowledge of these laws allows us to move from the "empirical" to the strictly scientific and theoretical study of economic reality, to forecasting socio-economic processes and towards building effective economic models.
Digital Economy, Knowledge-Based Economy, Technological Wave, Economic Product, Mental Production
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