Title:
SUSTAINABILITY THOUGHT 161: HOW TO LINK THE MARKET STRUCTUREPOPULATION DYNAMICS-SYSTEM STABILITY FRAMEWORK TO THE CONCEPT OF RESPONSIBLE AND IRRESPONSIBLE MARKET PRICING? WHAT ARE THE MAIN IMPLICATIONS OF DOING THIS?

Authors:
Lucio Muñoz* ,Canada

Abstract:
Market structure-population dynamics-system stability framework based thinking tells us that the nature of the market price is the root cause of positive or negative impacts on system stability as it shapes the behavior of the populations it serves. If the nature of the market price is responsible then it has a positive impact on system stability as it shapes population behavior that stays below the carrying capacity of the system, but if the nature of the market price is irresponsible it has a negative impact on system stability as it leads to overshooting human behavior. In other words, the market structure-population dynamics-system stability framework has two loops, one positive and one negative, which can be systematically linked to responsible and irresponsible behavior respectively. Hence, there is a need for simple ideas on how to systematically look at system stability issues from the market responsibility/irresponsibility point of view. And this raises the question: How to link the market structure-population dynamics-system stability framework to the concept of responsible and irresponsible market pricing? What are the main implications of doing this? Among the goals of this paper is to provide answers to those questions.