Order and Chaos in Economic Systems

Abstract

The economic history of several countries, including Brazil, demonstrates that no matter how much one plans, economic and social chaos can be present in their economies. This fact reveals that the old views on determinism, control and predictability of economic models are not confirmed in current times. The chaos and complexity of the business environment leave governments, companies, and people with the impression that they are being pulled into a vortex that goes beyond political, economic, and social activity. At all institutional levels, organization and complexity can occur by generating order out of disorder and information out of chaos.This complicated pattern of evolution can happen through the systems identified as self-organizing that are part of General Systems Theory.