Conceptual Model of Conflict of Socio-economic System as an Analogue of the Model of Economic Cycle

Abstract

Originality/value

The offered conceptual model of conflict of a socio-economic system as an analogue of the model of economic cycle allows specifying the methodology of studying economic crises, which are manifestations/examples of economic conflicts. This model emphasizes the dichotomic nature of economic conflict (its probable negative or positive consequences), which allows for more precise treatment of economic crisis – which is usually considered to be a negative phenomenon. According to the offered model, crisis is not a phase of economic cycle but socio-economic process that is characterized by cyclic fluctuations. As is expected, the developed model will allow describing the practice of development of modern socio-economic systems with higher precision.

Citation

Bogoviz, A.V., Alekseev, A.N., Titova, O.V., Latysheva, V.V. and Ragulin, A.D. (2019), "Conceptual Model of Conflict of Socio-economic System as an Analogue of the Model of Economic Cycle", Popkova, E.G. (Ed.) “Conflict-Free” Socio-Economic Systems, Emerald Publishing Limited, Bingley, pp. 155-161. https://doi.org/10.1108/978-1-78769-993-920191018