A New Theory of Economic Systems and Its Application to Economic Policy Studies

The basics of a new theory of economic systems are proposed in this article\nas a fundamental synthetic field of economics. This theory proposes to unify\na description of economic phenomena usually studied by different areas of\neconomics: economic agents, i.e., legal and physical entities, formal and\ninformal institutions, economic processes, and projects. A basic\nclassification of economic systems is developed, their key functions are\ndefined, and the need for power parity of the basic types of economic\nsystems is proved. The results obtained are used to classify the types of\nnational economic policy and elaborate measures aimed at preventing crisis\nphenomena and building a well-balanced economy.