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The journal is open to receive papers throughout the year, except when there are calls for papers published on its Web page. Papers must be sent to the editor's email hcadenas@uchile.cl and not by registering on this page. It should be noted that due to the number of papers received, the evaluation of each paper can take between 4 and 8 months.

MAD also publishes articles in "Early View" version, which have been accepted for publication, peer-reviewed and corrected before the publication of the issue, allowing its readers to have quicker access to its contents. Each article has an online publication date and a DOI, allowing them to be cited as soon as they are published.

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The Economy of Society as an Autopoietic System

Authors

  • Niklas Luhmann Universidad de Bielefeld

Abstract

Every society has to solve economic problems. In modern society this occurs with the help of a differentiated economic system. In spite of all its interdependencies and causal links, which tend to increase due to functional differentiation of society, economic system operates as an "autopoietic" subsystem under functional autonomy. This system is closed by its recursive circularity. It consists of payments that are based on other payments and that allow further payments. In this sense, the elements of the system are produced by the elements of the system and the environment of the system contains no elements of that type. Economic system is at the same time an open system since its operations are adapted to the needs of its social and human environment, and because its function consists of ensuring the prospect that future demands will be satisfied in a nearby future. In this sense the closeness of the system is the condition for its openness and vice versa. This article outlines some consequences of this theoretical approach.

Keywords:

Social Systems Theory, Functional Differentiation, Economy, Autopoiesis, Self-Reference

Author Biography

Niklas Luhmann, Universidad de Bielefeld

Facultad de Sociología, Universidad de Bielefeld, Alemania