Mediated Character of Economic Interactions
Abstract: Economic interactions are conducted between economic agents - individuals and collectives, through exchange of natural or artificial entities - goods, services and money, in a myriad of combinations. In this article we adopt a microscopic point of view, concentrate on the exchanged entitie...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2003-06-01
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| Series: | Entropy |
| Subjects: | |
| Online Access: | http://www.mdpi.com/1099-4300/5/2/61/ |
| _version_ | 1817996284036907008 |
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| author | Josip Kasac Igor Bertovic Josip Stepanic |
| author_facet | Josip Kasac Igor Bertovic Josip Stepanic |
| author_sort | Josip Kasac |
| collection | DOAJ |
| description | Abstract: Economic interactions are conducted between economic agents - individuals and collectives, through exchange of natural or artificial entities - goods, services and money, in a myriad of combinations. In this article we adopt a microscopic point of view, concentrate on the exchanged entities, and extract their relevant attributes as seen from structurally simple economic processes. Following that, we approach the interpretation of the economic interactions with their mediated character emphasized. Mediators of the interaction are locally available environment units. They are locally recognized and appropriately interpreted in a given value set as goods and money. The overall intensity of economic interactions considered is related to mediators' spatial and temporal characteristics. Extracted characteristics of mediators and economic processes are compacted in the set of formal rules. The approach is connected with similar approaches in economy and physics. |
| first_indexed | 2024-04-14T02:20:03Z |
| format | Article |
| id | doaj.art-90d7b355c9314190b2fc33c087f02837 |
| institution | Directory Open Access Journal |
| issn | 1099-4300 |
| language | English |
| last_indexed | 2024-04-14T02:20:03Z |
| publishDate | 2003-06-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Entropy |
| spelling | doaj.art-90d7b355c9314190b2fc33c087f028372022-12-22T02:18:03ZengMDPI AGEntropy1099-43002003-06-0152617510.3390/e5020061Mediated Character of Economic InteractionsJosip KasacIgor BertovicJosip StepanicAbstract: Economic interactions are conducted between economic agents - individuals and collectives, through exchange of natural or artificial entities - goods, services and money, in a myriad of combinations. In this article we adopt a microscopic point of view, concentrate on the exchanged entities, and extract their relevant attributes as seen from structurally simple economic processes. Following that, we approach the interpretation of the economic interactions with their mediated character emphasized. Mediators of the interaction are locally available environment units. They are locally recognized and appropriately interpreted in a given value set as goods and money. The overall intensity of economic interactions considered is related to mediators' spatial and temporal characteristics. Extracted characteristics of mediators and economic processes are compacted in the set of formal rules. The approach is connected with similar approaches in economy and physics.http://www.mdpi.com/1099-4300/5/2/61/Abstract: Economic interactions are conducted between economic agents - individuals and collectivesthrough exchange of natural or artificial entities - goodsservices and moneyin a myriad of combinations. In this article we adopt a microscopic point of viewconcentrate on the exchanged entitiesand extract their relevant attributes as seen from structurally simple economic processes. Following thatwe approach the interpretation of the economic interactions with their mediated character |
| spellingShingle | Josip Kasac Igor Bertovic Josip Stepanic Mediated Character of Economic Interactions Entropy Abstract: Economic interactions are conducted between economic agents - individuals and collectives through exchange of natural or artificial entities - goods services and money in a myriad of combinations. In this article we adopt a microscopic point of view concentrate on the exchanged entities and extract their relevant attributes as seen from structurally simple economic processes. Following that we approach the interpretation of the economic interactions with their mediated character |
| title | Mediated Character of Economic Interactions |
| title_full | Mediated Character of Economic Interactions |
| title_fullStr | Mediated Character of Economic Interactions |
| title_full_unstemmed | Mediated Character of Economic Interactions |
| title_short | Mediated Character of Economic Interactions |
| title_sort | mediated character of economic interactions |
| topic | Abstract: Economic interactions are conducted between economic agents - individuals and collectives through exchange of natural or artificial entities - goods services and money in a myriad of combinations. In this article we adopt a microscopic point of view concentrate on the exchanged entities and extract their relevant attributes as seen from structurally simple economic processes. Following that we approach the interpretation of the economic interactions with their mediated character |
| url | http://www.mdpi.com/1099-4300/5/2/61/ |
| work_keys_str_mv | AT josipkasac mediatedcharacterofeconomicinteractions AT igorbertovic mediatedcharacterofeconomicinteractions AT josipstepanic mediatedcharacterofeconomicinteractions |