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2008 – 2011 World Economic Crisis: New Paradigms, Science Methodology, Information Systems, and Decision Systems
Abstract
The human society and market structures need a “regulatory framework,” new paradigms which endogenize ethics, efficiency, rights, and minimize risks in decision systems, which can converge in peace and human sustainability. Ethics is a necessary condition for any system at the individual, institutional, corporation, national, and international levels. Globalization with automation transformed global market parameters. Information distortion in information systems may create high alternative costs such as problems of quantification of socio-economic phenomena and negative impacts on quantitative and qualitative distortions in decision-making structures. In the 21st century, it became a necessary condition to transform power driven systems to science and culture and endogenize ecology, ethics, which aims “human optimal” welfare decision systems at the world level.
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