Article ID Journal Published Year Pages File Type
718980 IFAC Proceedings Volumes 2012 6 Pages PDF
Abstract

Limits of global economic growth are negatively influencing on people level of life that leads to social instability. To consider this problem, psychophysiological model of farseeing hedonist is developed and investigated. It is shown that human nature of consumer produces constantly growing desire. After reaching the limits of growth, people from consumer society feel persistent negative emotions and dissatisfaction. It provides the problem of socio-economic stagnation. Its solutions can be expansion (e.g., increasing of demand as a result of new Kondratieff technological cycle), or decreasing a consumption followed by its growth (e.g., global financial crisis or decay of state unions). Alternative humanistic solution is replacing the consumer values to the spiritual.

Related Topics
Physical Sciences and Engineering Engineering Computational Mechanics