Contradictions as a potential for the development of a human-oriented economy

Abstract

Subject. Contradictions in the economic system are in close interaction and interrelation, they are a kind of potential for appropriate transformations. The starting point for progressive development of the economic system is identification of contradictions in a human-oriented economy and their timely resolution. Objectives. The study aims to identify contradictions arising between the two-component cores of each type of human-centered economy in order to determine possible mode of interaction between the dominant spheres, and to form a direction for further development of the entire economic system. Methods. The study draws on content analysis, a simple model of a compensatory homeostat. Results. The paper presents a universal simple model of a compensatory homeostat in a human-oriented economy, reveals the most relevant contradictions within the human-centered economy, when one of the opposite components is the creatosphere, describes interaction modes between components based on types of cross feedback, defines development trajectories of a human-oriented economy in accordance with the modes of interaction between the spheres of the economy, i.e. regressive, isogressive, and progressive branches of development. Conclusions. The findings enable to diagnose the current state of the human-centered economy, the branches of its development, and formulate a management concept for the economic system transition to a higher level of system complexity. The practical significance of the study is a possibility to make managerial decisions to implement the intended trajectory of human-oriented economy development.