Events The 1st World Sustainability Forum

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Published

This submission belongs to the session B. Economical Sustainability of the event The 1st World Sustainability Forum

Published date

02 Nov, 2011

Citation

Sandra Pernarauskaitė, The Application of Economic Logistic Analysis in the Research of Financial Crises, in Proceedings of The 1st World Sustainability Forum, 1 November–30 November 2011, MDPI: Basel, Switzerland, doi: 10.3390/wsf-00680

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The Application of Economic Logistic Analysis in the Research of Financial Crises

Sandra Pernarauskaitė ¹

1. 1

Abstract

Each economical cycle consists of a rise, peak, fall and crises. Year after year this curve has been studied by the scientists. It is attempted to explain the reasons of these phenomena, to foresee their range, to reduce the negative impact or to use the positive benefit of the range. Constantly repeated downturns, crises require new market researches and these researches help to develop theories that explain the crises. In this article both classic and new theories of financial and economical crises were reviewed and compared. The representatives of these theories are K. Marx, J. Keynes, H. Minsky, F Muth, R. Lucas, Blanchard, C. P. Kindleberger, F. Fama, R. Shiller, A. Johansen, D. Sornette, S. Girdzijauskas. The professor of Vilnius University, Stasis Girdzijauskas established a well-developed theory of logistic management of capital, which reveals the reasons of financial and economical crises, unnamed paradoxes in economy, innovatively evaluated inflations, the sources of other phenomena, closed and open markets and development of their capacity. The theory of logistic management of capital as the biggest problem emphasizes and indicates the filling of system capacity by capital, in which it is invested. It is shown that the economical downturns can be prevented by invoking the theory of logistic management of capital.

Keywords

The theory of logistic management of capital

financial crisis

economic crisis

inflation

the classic theories of crises

new theories of crises

economic paradoxes

market capacity.

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