As A HISTORIAN,I have long been interested in applying the insights of Austrian theory to the interpretation of business cycles as they have occurred in history. In pursuing this endeavor, I have encountered what I believe are a number of problems with Austrian business cycle theory. I will present six of these problems in this paper. Some I feel close to having resolved myself; on others, I can only offer constructive comments.

The paper aims to explore what it means for something to be a social cycle, for a theory to be a social cycle theory, and to offer a suggestion for a simple, yet, we believe, fundamentally grounded schema for categorizing them. We show that a broad range of cycle theories can be described within the concept of disruption and adjustments. Further, many important cycle theories are true endogenous social cycle theories in which the (...) theory provides a reason why the cycle should recur. We find that many social cycle theories fit with a two-population disruption and adjustment model similar to the well-known predator-prey model. This implies that a general modeling framework could be established for creating agent-based models of many social cycle theories. (shrink)

F.A. Hayek essentially quit economic theory and gave up the phenomena of industrial fluctuations as an explicit object of theoretical investigation following the publication of his last work in technical economics, 1941’s The Pure Theory of Capital. Nonetheless, several of Hayek’s more methodologically-oriented writings bear important implications for economic phenomena, especially those of industrial fluctuations. Decisions (usually, for Hayek, of a political nature) taken on the basis of a “pretence” of knowledge impede the operation of the price system’s (...) belief-coordinating function and thereby contribute to episodes of economic disequilibrium. Moreover, this later account – which I call Hayek’s epistemic theory of industrial fluctuations – implies certain aspects of his earlier theory. The two accounts are connected in virtue of the role that ignorance and the limits of human knowledge play in each. Indeed, it turns out that – substantively, if not methodologically – Hayek’s early theory of the cycle is a special case of the more general epistemic account. (shrink)

Modern macroeconomics owes much to the ideas of Keynes. -/- Yet Keynes was a fantast whose highest ideals centered around a contemplative hedonistic life. His interest in economics was due to his desire to _abolish_ the economy and the active virtues, especially prudence and courage and their social counterparts. As soon as this "religion" is rejected, Keynes' theories are exploded. -/- Part I of this book refutes General Theory and presents a vision of the market process, entrepreneurship, employment, interest, (...) money, and the business cycle. -/- Part II examines textbook Keynesianism, IS-LM, alternative theories of business cycles, and related issues. -/- Summa is a definitive demolition of the Keynesian school and should be grappled with by all economists. (shrink)

The present essay addresses the epistemic difficulties involved in achieving consensus with respect to the Hayek–Keynes debate. It is argued that the empirical implications of the relevant theories are such that, regardless of what is observed, both theories can be interpreted as true, or at least, as not falsified. The essay explicates the respects in which the empirical evidence underdetermines the choice between the relevant theories. In particular, it is argued both that there are convenient responses that protect each (...) class='Hi'>theory from what appears to be threatening evidence and that, for particular kinds of evidence, the two theories are empirically equivalent. Larry Laudan's suggestion that ampliative methodological criteria can resolve an underdetermined choice between multiple scientific theories is considered and rejected as a possible means to rational consensus. (shrink)

June 2022 A Revolutionary New Metaphysics, Based on Consciousness, and a Call to All Philosophers We are in a unique moment of our history unlike any previous moment ever. Virtually all human economies are based on the destruction of the Earth, and we are now at a place in our history where we can foresee if we continue on as we are, our own extinction. As I write, the planet is in deep trouble, heat, fires, great storms, and record flooding, (...) weather patterns drastic everywhere. Capitalism has been so successful in supplying us with an endless array of consumer items, that we have never noticed there is a cost. But there is a cost, the cost is the very life of the Earth herself, and now the day of reckoning is here. Days of reckoning are most often days of rath. But I am hoping that this is a day of major Awakening over the entire planet. We have caused a crisis so great for the Earth we can hardly get our minds around it. But I am proposing that deeply embedded in the crisis are ideas, about who and what the Earth is, Ourselves, and what we are here for. I am proposing that this is a call to all philosophy and philosophers to rethink ourselves from the ground up. The human race has never gotten the Earth right and now we must, for the Earth is the true foundation for civilization. We are in deep trouble with the Earth, and it owes to the fact that the great male thinkers never got the Earth right, they could never make the connection between the life of mind and the life of the Earth. I am proposing that deeply embedded in the crisis we are in are ideas. And that in fact the planet is in the grip of a false metaphysics, and scientific image of nature that really comes most recently from Descartes. His conviction that matter, and with it the Earth, are simply the weighable, the measurable the extended in space and time, utterly devoid of any inner life of mind thoughts or Consciousness. This view of matter and the Earth goes back to the very dawn of thought, Descartes is just its most recent and comprehensive version of things. This view of matter is really a false metaphysics that dominates most of the modern world and underpins the whole scientific image of nature itself. I am proposing this is a false metaphysics and offering a new version of things based on Consciousness. If there is a single idea fueling and driving the destruction of the planet, it is the conviction that the Earth is something without Consciousness. When you intend to ravage and savage the planet, turn it into consumer items to be converted into money in the bank, first pretend that all of the bright beings in the natural world are devoid of Consciousness, just “things” you do not have to have any conscious about destroying them. I am proposing that this term Consciousness, that has appeared as term and a problem for modern science, is the key to getting ourselves right with the Earth. I propose this new theory for science will ramify into every other disciplines as well, and the ways we think just about everything. This old paradigm based on a false theory of matter, has run its course, it has brought us to the brink of our own extinction. We need new ideas, and we need them now. You will find my recent work in the Scientific God Journal under the title: Consciousness as the Organizing Principle, and a very complete version of my arguments for this term Consciousness, along with radical reinterpretation of modern science itself, on the Galileo Commission site. It is a radical moment for all of the thinkers among us, take this as my small contribution to rethinking ourselves in new terms, based on my understanding that the true basis for the whole of Being, the Universe, the Cosmos, and with them Ourselves, is this term Consciousness. And unpack it. And I predict that with this term Consciousness every intractable human problem in both science and the modern world will go down like a line of dominos before it. And so, here are a few new ideas I would offer you. These are the times of the Reappearance of the Feminine, a great Awakening as of Springtime after a long dark and lonely Winter. We are leaving behind us an old civilization based on male dominance, fear lies and control, now in decay, disease, and death disintegrating all around us. We are moving into a whole new civilization based on Love and Truth. A new civilization requires new basic terms values and first principles. And so, I return to Descartes. 1. Just over 300 years ago a young man travelling with the army found himself stranded in a foreign town in a bare room lit by a candle with nothing to do but think. And in a couple of nights Descartes laid the entire thought foundations for modern science and most of the modern world. It isn’t clear that modern philosophers with their funding sources of grants, their graduate students, their reputation and all the perks and privileges of academia can do any better. Descartes claimed there are just two principles in the Universe, Matter and Mind. God was pure mind; human beings were mind and matter. And we are the only ones on the planet with mind. Everything else all of the bright array of beings who share the planet with us are simply matter. And matter? The weighable the measurable the extended in space and time utterly devoid of any inner life of thoughts, feelings, or Consciousness This classification was a boon for developing science. Scientists did not have to worry about any inner life in nature, ideas or Consciousness, they could just set about weighing and measuring, as they have until the present day. But it was a disaster for the Earth. Earth was once worshiped as a Goddess. With Descartes she became almost overnight “things.” Simply commodities and resources, an endless of supply of consumer items, to be turned into money in the bank. And now Descartes concept of matter is up for us. If there is a single idea that is enabling and driving the destruction of the Earth, it is the conviction that Earth is something without Consciousness. This whole scientific image of nature as something devoid of Consciousness is driving the destruction of the Earth, and driving us all insane, and it needs to change. Ever since Descartes formulated Dualism, scientists and philosophers have been trying to get rid of it. They have done this by attempting to make matter the fundamental term of reality, and to explain mind or Consciousness in terms of matter. And now, Consciousness has emerged as term and a problem for modern science. 2. The prevailing Universe picture has been mainly based on the belief that Consciousness appears only at the end of evolution in ourselves and some of the higher animals when matter attains “a certain state of complexity” and it is produced by neurons in the brain. But Consciousness is nothing real in itself, the neurons are doing the work, Consciousness is simply a byproduct of neural activity. As William James summed up this position, not his: Consciousness is to the brain as a shadow to the runner, it runs beside him but never influences his stride. And so, the great problem of neuroscience: How do neurons produce Consciousness? So far, no one has been able to say how. All we have is parallelism. Two processes are running in parallel a train of neural events and a train of Consciousness events. And so, which one is primary? The face of neuroscience and much of the modern world is that the neural events are what is really real, Consciousness is secondary. The conviction that Consciousness is something produced by neurons is so deeply held and has been so for so long, that it seems like an obvious fact. It is in fact an assumption and a theory, and it could all well be the other way around. The scientific image of nature as something devoid of Consciousness is now up for us. It has enabled the destruction of the Earth, and we are now at a unique place in our own evolution where we can foresee if we continue on as we are, our own extinction. And so, there are the best reasons for rethinking Descartes concepts of matter. Scientists and philosophers have been trying to escape dualism by making matter the fundamental term. And now, this has not worked. In a nutshell: The mind body problem, the “hard problem of Consciousness” ---how do neurons in the brain, atoms and molecules give rise to ideas thoughts and feelings and who what and where is the “I” who sees them? And then, the near-death experience. I remind you of the truth of the near-death experience. The body in the bed is brain dead eeg flat, but the patient, pure Consciousness is hovering at the ceiling watching the doctors work over the body below, able to read dials he could not have seen from the bed, sometimes able to events in the corridor beyond the room, all subsequently confirmed by the doctors. Evidence as good as it gets that the patient really was out of his body. And so, the patient is able to see without eyes, hear without ears and to think and remember without a brain. There is not a single scientific principle that can account for this. And I am proposing that the near-death experience is a threshold and a key for a much deeper understanding of the Universe. These three problems are so hard they cannot be solved by present scientific principles and therefore call all present principles and ways of thought into question. When your axioms cannot account for the data, it is time to drop them and find better fundamental terms. We have not been able to solve the problems of Consciousness with the assumption that matter is the most basic and fundamental term. And so, if Cartesian dualism is to be overcome at all, we need to try it the other way around. 3. We are in the position of Copernicus. Remember Copernicus? He was making his calculations on the assumption that the Earth was the center of the Universe until they became so unwieldy that he decided to try it all the other way around. To make the sun the center, the Earth revolving around it. And lo, all of his data fell neatly into place. I am proposing a whole new Universe picture. Evolution makes us continuous with every other being, Consciousness would not be in us if it were not in them also, and then, in the atoms and molecules and cells that make up living beings. I propose to make Consciousness the most basic term and see what follows. I am in fact, proposing a new Copernican Revolution, that Consciousness is the true basis for the Universe and the right fundamental term, for science itself all other disciplines as well, and the whole of the modern world. And I predict that every intractable problem in science or the modern world, will go down like a line of dominos before it. In a nutshell: Consciousness and not matter is “first and fundamental” in the Universe, it is there from the very “Beginning” everything has it and all of the true causalities, the explanatory principles belong to it. Not to matter. What then is matter? All matter is an Appearance of something much more real, Consciousness. All matter is an expression of Consciousness, even the least little bit of matter contains Consciousness, and is an expression of Consciousness. And so, we revise the scientific image of nature. Science at present is two termed, matter/energy. It needs to become three termed: Matter/energy/Consciousness, with the recognition that all of the basic principles, the true causalities of events, and of the Universe belong to Consciousness. And now physics. To accommodate this new Universe picture physics needs to alter just one term, energy. All energy contains Consciousness, that idea alone will change our world forever. The animals the trees the plants are just as conscious as we are, as is the Earth herself, a continuum of many forms of Consciousness of which our own is one. The Earth consists of interacting and intersecting forms of Consciousness, Consciousness within Consciousness within Consciousness within Consciousness. A remarkable work has just appeared entitled “Beyond Words What Animals Feel and Think.” Describing in detail how like ourselves all of the animals are. And the more we can see how like us everything else really is, the harder it will be for us to do them all in, in the interest of turning them into consumer items. And so, here is a new principle of understanding, that entails completely new forms of explanation, and a whole new Universe picture to be spelled out in terms of Consciousness and its various properties. This is a Universe that is aware awake and Enspirited throughout. And so, there is only one principle, not two. And so, how does Consciousness work? There is “no mind/body problem.” My Consciousness is aligning the Consciousness of neurons in the brain, that aligns the Consciousness of all other cells in the body, that aligns the Consciousness of molecules and atoms themselves. Mainly from the top down, but also interactive, and not reduction to the purely physical forces. 4. And so, here is a radical new Universe picture, and with it a new way to think about the Universe itself, the Earth, Ourselves, and Spirit. It requires a complete revision of both of the terms of modern science itself. The problem of the modern world owes in deep measure to Descartes concept of matter as something devoid of interior life. But he is only the most powerful and simple expression of a whole tradition of thought that predates him, that goes back to the very dawn of thought itself. It owes to the conviction of both Plato and Aristotle that the Earth was something devoid of reason, or mind, and therefore something to be held in complete contempt. We are emerging from a civilization based on contempt for the Earth, and down the road, it will become contempt for the body, sex, women, the Native people, and people of color everywhere. And so, this entire tradition is now up for us, it has brought us to the brink of our own extinction, and we need to get beyond it. I am proposing that this term Consciousness is the way out. The missing piece of the puzzle and the idea whose time has come. And it will enable us to move into a completely new civilization based on respect for the Earth, women, sex, people of color, that honors everyone and has a place for all. Revolutions in science occur when new data show up that cannot be accounted for by existing paradigms (Thomas Kuhns: The Structure of Scientific Revolutions). Consciousness, and all the properties and problems of Consciousness are just such data, and they compel a new scientific revolution. But we are a scientific age. A new Copernican revolution in science is such as revolution everywhere. And Consciousness is the key to getting every other reality at all levels and depths right as well. It will enable us finally to get the Earth right, get ourselves right with the Earth, and with one another. Archimedes: Give me a place to stand, and I will move the world. I am proposing a new synthesis among our fundamental terms in which this term Consciousness is the new lynchpin. And so, I return once more to Descartes. Descartes in the Mediations was a dualist, they were two realities interacting in the pineal gland mind and body. But Descartes age was high on “Cartesianisms,” on Descartes concept of matter. Animals were simply cleverly wired machines (Hobbes called them automata). Rumor had it that Descartes followers went about kicking dogs reasoning that their howls were not due to any feelings of pain, but simply the wiring of the machine. We have been doing this to the Earth ever since, and now the Earth is not going to stand for it any longer. It is time we all woke up. There is no matter in Descartes sense of it, or in Plato and Aristotle’s sense of it. This old concept of matter is embedded in all of the crisis and catastrophes---fires, drought, pandemics, over population, the disintegrating economies, our ways of life, capitalism and consumerism themselves. All matter is Enspirited, contains Consciousness, and is an expression of Consciousness. Now I tell you something about Descartes you may not know. In the Mediations was a dualist, there are minds and bodies. But by the end of his life, he knew the truth. Descartes guided his whole life by these vivid dreams, and toward the end of his life he had this dream: He saw the Universe as a giant machine and in the heart of the machine propelling the whole, was Consciousness. And so, out of the shades and shadows and into the light of day. Here is a renewed and a new science, a new cosmology. And with it, a revolutionary new metaphysics. The whole of the modern world is in the grip of a false metaphysics, based on Descartes theory of matter. Here is a new, and finally true metaphysics based on the single term, Consciousness. 5. And in all my works, I spell out this new metaphysics based on Consciousness, and what it means for how we think about virtually everything: The Universe, the Earth, Ourselves, and Spirit. Of who, what and where Spirit is, that we may connect with Spirit everywhere. There is only one term for the Universe, and not two, this single term Consciousness, that manifests itself in two modes: Consciousness in Form, Consciousness Formless. And so, here is a sketch of what this new term Consciousness really means. For four great aspects of the real, four new cornerstones for a whole new civilization on Earth, based on Love and Truth. A. For the Universe: New causalities, all matter is an expression of Consciousness, awake and aware, Enspirited throughout, which has a place for the causalities of love ideas intent plan and purpose, what Aristotle called final causality, that for the sake of which. And it has a place for subjectivity, the greatest mystery in the whole of the Universe, knowable only in ourselves, but there in everything else as well, bedrock in the chain of causalities. The buck stops here. Here are two very different Universe pictures. The Cartesian Universe consists of things, pushed, and pulled around by the physical forces that function blind. The true Universe consists of selves and not things. Selves at least in ourselves, are organized and focused about an I, an I am, or a sense of self in everything, ever other being dear to itself. Just one aspect of subjectivity. And so, it is Consciousness all the way down, and subjectivity all the way down. Science proceeds on the basis of the negligible of what it can leave out as unimportant. Subjectivity is the ultimate animating principle of the Universe. What Descartes really did was to strip from nature what is most essential about it, its animating principle Consciousness. And so, we come out of a long history of “clunk.” The great male thinkers have killed creation. First in concepts and now in the lived life. And so, after centuries of fruitless search, not all of it in vain, finally, and just in time the true basic principle for the Universe has shown up in virtually all disciplines, this term Consciousness. B. And so, the Earth: What does this term Consciousness really mean for the Earth? It means that all of the bright array of beings around us have Consciousness. And the more we can realize how like us they are, the harder it will be to do them all in. Is this what it really means to be “made in the image of Spirit?” To destroy ever other living being? The god of Genesis is a creator god who has created billions and billions of living forms. Man, taking himself to be made in the image of Spirit has destroyed virtually all of it. The Earth is not things, not commodities and resources, not an endless array of consumer goods. The Earth consists of conscious living spiritual beings like ourselves, who need to be honored and respected, nurtured and cared for, to be Loved. And if the human race can finally pull it off and bring Love here and start helping the Earth rather than destroying her, even our vast numbers now at 8 billion, may not matter. Deeply embedded in the modern world is a false cosmology based on the hitherto useful but ultimately false metaphysics of Descartes. In particular it owes to Descartes concepts of matter, and of the Earth, as something devoid of Consciousness. And now this concept is up for us. If there is a single idea enabling and driving the destruction of the planet, it is the conviction that the Earth is something devoid of Consciousness. And we all have a vested interest in keeping this false concept in place. When you intend to ravage and savage the Earth, to turn it into consumer items, and money in the bank, first pretend she has no Consciousness that way we need not have any conscious about it. We are in deep trouble with the planet. Virtually all human economies are based on the destruction of the Earth, and we are now at a place in our history where we can foresee if we continue on as we are, our own extinction. And so, here are a few new guiding principles for the planet, based on Consciousness. Consciousness has field properties. The Earth is Consciousness throughout, connected and interconnected throughout, intersecting and interacting fields of Consciousness of which our own is one. To harm one is to harm all. Only this understanding of the Earth can set our destructive technologies, and capitalism, their goals, and their limits. The real problem with capitalism, and with civilization itself is it has no true understanding of the Earth, all the exquisite networks and webworks that connect all beings with one another. Nor it is about to admit that the Earth is our “life support system,” reason gone insane in the modern world. We are destroying our life support system, capitalism is the full expression of the human death wish in the modern world, and it needs to change. And now, let the barriers between ourselves and all other beings go down. C. And so, Ourselves. This new Universe picture based on Consciousness opens into and has a place for new concepts of human identity. In particular, it has a place for reincarnation, a process whereby one Consciousness dons’ bodies again and again and lays them down. This is a process wholly impossible on materialistic theories. This new view of things puts a higher perspective on Freudian determinism, which is a partial knowing in a greater account. We are something more than the victims of genes drives and childhood. We are immortally eternal evolving spiritual beings who take on a cycle of earthly lives in order to achieve certain goals and abilities, and then, our earthly cycle complete, we depart the Earth plane for other areas of the Universe physical or purely spiritual, to continue our evolution elsewhere. The scientific evidence for reincarnation is increasing on all sides, see for example the work of Michael Newton, a mainstream scientist forced to confront the fact of reincarnation. A completely new reincarnational picture is now emerging everywhere. We choose our parents for abilities we could acquire through them. We all come here with reasons for being here, and we all have free will, an original property of Consciousness, and we work out our issues accordingly. We all come here with the same reason for being here. It is to experience the Earth plane and human society at all levels and depths, in every social role, every climate, both sexes male and female and in all races. We are all here to acquire a deep understanding of the Earth plane with all its challenges and all of its present problems. We are not here to devour and consume the Earth, but to honor her for the learning experience she makes available for us. And so, reincarnation is the great equalizer, the fundamental basis for any bill of rights. Many of the problems of the modern world owe to the fact that reincarnation has not been taught in the West. Reincarnation was the center piece of Jesus teachings. It was banned by a fourth century council that decided the populous could best be controlled through fear. They edited all mention of reincarnation from the scriptures, and inserted fear terms instead, a judgmental god, and so on. If reincarnation had been taught, there would have been no suppression of women, but the gift of both sexes would have been honored and developed. And there would have been no reason for contempt for people of color because who they are, we have been or will be. There is no reason to look down on anyone when we know that our own identity includes membership in theirs. The truth of reincarnation needs to be the foundation for getting ourselves right with the Earth, and with one another. D. And so, Spirit. This new Universe picture, based on Consciousness, has a place for Spirit as simply Infinite Consciousness. All universes all worlds are formed out of this Consciousness, divine and sacred throughout. And Spirit is everywhere in the Earth and can be connected everywhere. And the Native North American people had things right. Everything has its own Spirit, and without contradiction is also an expression of Spirit. And what I am really doing in terms of concepts of modern science is presenting the Native North American version of the Real. And this new Universe picture has a place for the essential insight of all religions almost smothered by church tradition: Love. Not an emotion but a great Oneness, that can be found everywhere, even in a busy city street. But especially in the Earth, that is levels and depths of Oneness everywhere. And so, for the first time in their long and bitter antagonistic history, science and religion now share a common base with this term Spirit, the lynchpin in a new conceptual framework. And I offer an interpretation of where we are in our history, this present moment of historical grace, and these tumultuous times in which we live, the return of the Goddess and the Divine Feminine, the Reappearance of the Feminine in history, the Advent of Women, this great Awakening, as of Springtime after a long dark Winter, the Awakening, the Second Coming. And so, stay tuned! (shrink)

About the analogy between the epistemological and methodological aspects of the activity of intelligence agencies and some scientific disciplines, advocating for a more scientific approach to the process of collecting and analyzing information within the intelligence cycle. I assert that the theoretical, ontological and epistemological aspects of the activity of many intelligence agencies are underestimated, leading to incomplete understanding of current phenomena and confusion in inter-institutional collaboration. After a brief Introduction, which includes a history of the evolution of the (...) intelligence concept after World War II, Intelligence Activity defines the objectives and organization of intelligence agencies, the core model of these organizations (the intelligence cycle), and the relevant aspects of the intelligence gathering and intelligence analysis. In the Ontology section, I highlight the ontological aspects and the entities that threaten and are threatened. The Epistemology section includes aspects specific to intelligence activity, with the analysis of the traditional (Singer) model, and a possible epistemological approach through the concept of tacit knowledge developed by scientist Michael Polanyi. In the Methodology section there are various methodological theories with an emphasis on structural analytical techniques, and some analogies with science, archeology, business and medicine. In Conclusions I argue on the possibility of a more scientific approach to methods of intelligence gathering and analysis of intelligence agencies. -/- ISBN 978-606-033-219-0, DOI: 10.58679/MM58823. (shrink)

HORMÔNIOS E SISTEMA ENDÓCRINO NA REPRODUÇÃO ANIMAL -/- OBJETIVO -/- As glândulas secretoras do corpo são estudadas pelo ramo da endocrinologia. O estudante de Veterinária e/ou Zootecnia que se preze, deverá entender os processos fisio-lógicos que interagem entre si para a estimulação das glândulas para a secreção de vários hormônios. -/- Os hormônios, dentro do animal, possuem inúmeras funções; sejam exercendo o papel sobre a nutrição, sobre a produção de leite e sobre a reprodução, os hormônios desempenham um primordial papel (...) quanto ao funcionamento do animal. -/- Nesse capítulo, o estudante identificará os hormônios relevantes para o controle reprodutivo, suas características e o uso clínico dos mesmos. -/- -/- INTRODUÇÃO -/- A endocrinologia é a ciência que se encarrega do estudo do sistema endócrino: um sistema de comunicação entre as células de um organismo; esse trabalho de comunicação é compartilhado com o sistema nervoso já que ambos sistemas possuem características distintas que lhes permite complementar-se para alcançar uma adequada coordenação das funções. Em algumas ocasiões o sistema nervoso e o sistema endócrino interagem direta-mente na transmissão de uma mensagem, pelo qual se conhece como sistema neuroendó-crino. -/- -/- OS HORMÔNIOS -/- A endocrinologia é a ciência que se encarrega do estudo dos hormônios e seus e-feitos. De maneira tradicional os hormônios são considerados como “substâncias secreta-das em direção a circulação pelas glândulas especializadas, e que exercem uma função sobre um órgão branco”. Essa definição, no entanto, é limitada e imprecisa. É necessário ser mais pontual, já que os hormônios não são produzidos em qualquer célula da glândula, senão nas células específicas. Por exemplo, o hormônio luteinizante (LH) é produzido pelos gonadotropos da adenohipófise e não por qualquer outro tipo de célula hipofisária. Da mesma maneira, falar de um “órgão branco” não é exato, já que os hormônios atuam somente nas células que tenham receptores específicos para esse hormônio, e não outras células do mesmo órgão; logo, falar de uma “célula branca” é mais apropriado que falar de um “órgão branco”. As células brancas do LH no testículo são as células de Leydig e as células brancas do hormônio folículo estimulante (FSH) no mesmo órgão são as células de Sertoli. -/- Mediante o supracitado, uma definição mais apropriada de hormônio é a seguinte: “Os hormônios são reguladores biológicos, produzidos e secretados em quantidades pe-quenas pelas células vivas, que depois de viajar pelo meio extracelular atuam sobre as cé-lulas brancas, onde exercem uma ação específica”. -/- É importante levar em conta que os hormônios somente regulam (estimulam ou inibem) funções que já existem na célula branca. Ademais, os hormônios são extraordina-riamente potentes, pelo qual se requerem quantidades muito pequenas para induzir uma resposta na célula. As concentrações circulantes da maioria dos hormônios estão na ordem de nanogramas (10-9 g) ou pictogramas (10-12 g) por mililitro. -/- Etimologicamente o termo “endócrino” significa “secretar em direção adentro”, já que os hormônios são secretados em direção ao interior do organismo (o sangue ou o espaço intracelular), em diferença das secreções exócrinas (em direção ao exterior), que são secretadas em direção a luz de um órgão, como o intestino no caso das enzimas pan-creáticas. -/- Algumas substâncias, sem deixar de ser hormônios, recebem uma classificação adicional em relação ao seu local de ação, ao tipo de células que lhes produzem, ou a al-guma outra característica. Agora, serão descritas algumas dessas características (figura 1). -/- -/- Parahormônio ou hormônio local -/- A maioria dos hormônios são transportados pela circulação desde seu local de se-creção até a célula branca. No entanto, alguns hormônios exercem seu efeito em células adjacentes aquelas que foram produzidos, ao qual não é necessário seu transporte através da circulação geral. Esse tipo de substâncias são chamadas de parahormônios ou hormô-nios locais, e sua liberação é denominada como secreção parácrina. Um exemplo é a pros-taglandina F2 alfa (PGF₂α), que é produzida no epitélio uterino (endométrio) e provoca as contrações nas células musculares do mesmo órgão (miométrio). Deve-se tomar em conta que a mesma substância poderia se comportar em outros casos como um hormônio clássico, atuando em um órgão distinto ao local de sua produção; é o caso da mesma PGF₂α de origem endometrial quando atua sobre as células do corpo lúteo do ovário, pro-vocando sua regressão. A classificação de uma substância como hormônio ou parahormô-nio não depende de sua estrutura química, senão da relação espacial existente entre a célu-la que o produz e a célula branca. -/- -/- Neurohormônio -/- A maioria dos hormônios são produzidos pelas células de origem epitelial, porém, muitos deles são produtos pelos neurônios, logo denominados como neurohormônios. To-dos os neurônios segregam alguma substância, porém tratam-se dos neurohormônios quando o neurônio que os produz despeja-os diretamente em direção a circulação geral, através da qual chegam aos órgãos para exercer seu efeito, sejam na indução, inibição ou estimulação do mesmo. -/- Esse processo é diferente dos neurotransmissores, os quais também são secretados por um neurônio, mas exercem seu efeito em uma célula adjacente com o qual o neurônio estabelece uma sinapse (neuroma com neurônio, neurônio com célula muscular, neurônio com célula glandular). A classificação de uma substância como hormônio ou como neuro-hormônio não depende de sua estrutura química, senão do tipo de célula que o produz. Uma mesma substância é um hormônio quando ele é produzido por uma célula epitelial e um neurohormônio se é produzido por um neurônio. A ocitocina, por exemplo, é secre-tada na neurohipófise por neurônios hipotalâmicos, nesse caso se trata de um neurohor-mônio, mas também é secretada por células do corpo lúteo dos ruminantes, e se trata nesse caso, de um hormônio. A distinção entre um neurohormônio e um hormônio é um neuro-transmissor, da mesma forma, não depende de sua estrutura química, e sim do local onde é secretado. Por exemplo, a dopamina atua como neurotransmissor quando se libera em sinapse da substância negra do mesencéfalo z mas atua como neurohormônio quando é liberada por neurônios hipotalâmicos em direção a circulação do eixo hipotálamo-hipofisário. -/- -/- Pré-hormônio -/- Em alguns casos, os hormônios são secretados em forma inativa (pré-hormônio), que requer uma transformação posterior para converter-se na forma ativa de hormônio. O angiotensinógeno circulante somente cobrará atividade biológica ao se transformar em angiotensina por ação da enzima renina. Algumas substâncias podem atuar como hormô-nios m alguns casos e como pré-hormônios em outros. A testosterona, por exemplo, atua como hormônio nas células musculares, aos quais possui um efeito anabólico direto. O certo é que para a testosterona induzir a masculinização dos órgãos genitais externos em um efeito macho é necessário que seja transformada previamente em 5α-di-hidrotes-tosterona pela enzima 5α-redutase presente nas células de tecido branco, por onde, nesse caso a testosterona é um pré-hormônio de di-hidrotestosterona. -/- -/- Feromônio -/- Os hormônios são mensagens químicas que comunicam a células distintas dentro do mesmo organismo, embora existam casos aos que requerem uma comunicação quími-ca entre organismos diferentes, em geral da mesma espécie. As substâncias empregadas para esse fim denominam-se feromônios. Essas substâncias devem possuir a capacidade de dispersão sobre o ambiente, pelo que nos organismos terrestres geralmente trata-se de substâncias voláteis, enquanto que os feromônios de organismos aquáticos geralmente são substâncias hidrossolúveis. Embora muitos feromônios possuam uma função sexual ou reprodutiva como é o caso de muitas espécies como a canina em que a fêmea em cio dispersa grandes quantidades de feromônios que são captados de longe pelos machos, todavia esse não é sempre o caso, e eles podem ser utilizados para outros tipos de comunicação, como é o caso dos feromônios utilizados pelas formigas para sinalização da rota em direção a fonte de alimentação. E como as abelhas no sentido de orientação da fonte de pólen até a colmeia. Muitos desses feromônios podem ser artificializados, isto é, elaborados pelo homem em laboratório para o estudo ou manipulação de algum animal. -/- -/- O SISTEMA ENDÓCRINO COMO UM SISTEMA DE COMUNICAÇÃO -/- O sistema endócrino é um sistema de comunicação que tem como objetivo coor-denar as funções das células de diferentes órgãos para mantença da homeostase do orga-nismo e promover seu desenvolvimento, crescimento e reprodução. Também ajuda os or-ganismos a adaptarem-se as mudanças de ambiente e ao habitat. O sistema endócrino representa um sistema de comunicação do tipo sem fio, diferentemente do sistema nervo-so que é um sistema de comunicação com fio. -/- Em todo o sistema de comunicação existe uma série de elementos que são necessá-rios para a realização da comunicação de forma efetiva. Esses elementos incluem o emis-sor, a mensagem, o sinal, o meio de transporte do sinal, o receptor, o efetor, a resposta e o feedback ou retroalimentação (figura 1). Todos os elementos são igualmente importan-tes e uma deficiência em qualquer deles pode interromper ou alterar a comunicação. -/- -/- Figura 1: componentes do sistema endócrino de comunicação. Fonte: ZARCO, 2018. -/- -/- Emissor ou transmissor -/- É o elemento responsável pela transmissão de uma mensagem; poderíamos com-pará-lo com a redação de notícias de um canal de televisão. Antes de decidir quais serão as notícias que serão transmitidas esse dia, em que ordem se apresentarão e que ênfase lhes darão, as pessoas da redação analisa rodas as informações disponíveis: provenientes de seus repórteres, de agências de notícias internacionais, publicada em jornais do dia, a existente na internet ou disponíveis através de redes sociais; isso significa que as mensa-gens transmitidas pelo emissor não são aleatórias, e sim respondem a uma análise respon-sável das necessidades de informação. -/- No sistema endócrino o emissor é a célula que produz e secreta um hormônio. Co-mo todo emissor responsável, a mesma célula analisa toda a informação relevante dispo-nível, tal como a concentração de diversos metabólitos no sangue, a concentração de ou-tros hormônios, e as mensagens que recebem por via nervosa, antes de decidir se secretará seu hormônio, em que quantidade o fará e com que frequência. Por essa razão, ao estudar o sistema endócrino não somente devemos conhecer a célula transmissora, e sim qual é a informação que a célula pode receber, e como a analisa e a prioriza para construir sua mensagem. -/- -/- Mensagem -/- É a informação transmitida pelo emissor. No caso de um sistema de notícias tele-visivas a mensagem é a notícia, por exemplo “Vaca dá a luz trigêmeos, um caso raro no Brasil”. No sistema endócrino a mensagem que se transmite é uma instrução para que em outra célula se realize determinadas ações. Por exemplo, os neurônios produtores de GnRH no hipotálamo de uma coelha, ao analisar as concentrações de estradiol circulantes e a informação nervosa procedente de neurônios sensoriais nós órgãos genitais da fêmea, podem “saber” que nos ovários existam folículos lisos para ovularem e que a coelha está copulando, pelo qual decidem transmitir a mensagem “Solicita-se os gonadotropos da adenohipófise a liberação de LH em quantidade suficiente para provocar a ovulação”. -/- -/- Sinal -/- É a forma a qual se codifica a mensagem para permitir sua difusão. No caso de um jornal, a mensagem (por exemplo a notícia da vaca que deu a luz trigêmeos) se codifi-ca em forma de ondas de rádio de uma determinada frequência, amplitude e intensidade; no caso do sistema endócrino a mensagem (a necessidade de realizar uma função celular) é codificada em forma de hormônio secretado em determinada quantidade, frequência e amplitude. Para o exemplo descrito supra, a mensagem se codifica na forma de uma grande elevação nas concentrações de GnRH no sangue do sistema porta hipotálamo-hipofisário. -/- É necessário tomar em conta que o emissor codifica a mensagem de forma tal que quando o receptor decifre o sinal obtenha a informação originalmente contida na mensa-gem. No entanto, o sinal pode ser interpretado de diferentes formas por receptores distintos, o que pode provocar respostas contrárias as esperadas. A notícia transmitida por um jornal de rádio, por exemplo, poderia estar codificada em forma de ondas de rádio que, casualmente, para o sistema eletrônico de um avião signifiquem “baixe a altitude e acelere”, razão pela qual é proibido utilizar aparelhos eletrônicos durante a decolagem e aterrissagem desses aparelhos. -/- Do mesmo modo, a mensagem codificada na forma de secreção de estradiol por parte dos ovários pode ser interpretado pelo sistema nervoso de uma ovelha como uma ordem para apresentar conduta de estro, pelas células do folículo ovariano como uma instrução para sofrer mitose e secretar o líquido folicular, pelos gonadotropos como uma ordem para a secreção de um pico pré-ovulatório de LH, e pelas células do endométrio como uma instrução para sintetizar receptores para a ocitocina. Dessa forma, o mesmo sinal (secreção de estradiol) pode conter diferentes mensagens para diferentes células do organismo. -/- Em alguns casos, pode-se apresentar uma resposta patológica devido as diversas formas de interpretação de uma mensagem, por exemplo, a repetição da secreção de adrenalina em um indivíduo estressado pode resultar no desenvolvimento de um proble-ma de hipertensão arterial. Por isso é necessário conhecer a maneira em que cada célula endócrina codifica suas mensagens, assim como a forma em que esses sinais podem ser interpretados em diferentes órgãos e tecidos, em diferentes momentos da vida do animal, em animais com diferentes antecedentes de espécies diferentes. -/- -/- Meio de transporte do sinal -/- O sinal tem que viajar ou difundir-se desde o emissor até o receptor, e em seu ca-minho pode ser modificado de diversas formas. Os sinais de rádio, por exemplo, viajam através da atmosfera e durante esse trajeto podem ser bloqueados por uma barreira física (como ocorre com as ondas de rádio AM em um túnel), ampliadas por uma estação repeti-dora, alteradas por um campo eletromagnético (uma aspiradora funcionando ao lado da sala de transmissão), entre outros. Da mesma forma, os sinais endócrinos que geralmente viajam no sangue, podem ser modificados ao longo do seu caminho. -/- A PGF₂α é inativada ao passar pelo pulmão, o angiotensinógeno é ativado pela re-nina na circulação, e a testosterona pode ser transformada em di-hidrotestosterona nas células da pele e na próstata, ou em estrógenos nos adipócitos e nos neurônios. Por tudo isso, o sinal que finalmente chega ao receptor pode ser diferente do transmitido pelo emissor. -/- Portanto, ao estudar qualquer sistema hormonal devemos conhecer as possíveis modificações que o hormônio pode sofrer desde o momento em que é secretado até que se uma ao seu receptor na célula branca. -/- -/- Receptor -/- É o elemento que recebe o sinal e interpreta a mensagem contida nele. No caso de um jornal de TV, o receptor é o canal correspondente (por exemplo o canal 2) em um aparelho de televisão. É importante ressaltar que um aparelho de TV possui muitos canais distintos, mas somente receberá mensagens se estiver ligado e sintonizado no canal que está transmitindo a mensagem de interesse. Ou seja, o receptor tem que estar ativo. -/- No caso das mensagens endócrinas os receptores são moléculas específicas nas células brancas. Essas moléculas são proteínas membranais ou citoplasmáticas (segundo o tipo de hormônio), que possui uma alta afinidade por seu hormônio, o que lhes permite registrar a mensagem apenas das baixíssimas concentrações em que os hormônios circu-lam. Os receptores possuem uma alta especificidade, o que significa que somente se unem a seu próprio hormônio, e não a outras substâncias. Em algumas ocasiões um receptor pode receber diversos hormônios do mesmo tipo; por exemplo o receptor de andrógenos pode unir testosterona, androstenediona, di-hidrotestosterona e diversos andrógenos sin-téticos. Apesar disso, cada um desses hormônios pode possuir uma afinidade diferente pelo receptor, pelo qual alguns serão mais potentes que outros para estimulação. -/- Em geral existe um número limitado de moléculas receptoras em cada célula, logo diz-se que os receptores são “saturáveis”, o qual significa que uma vez que todos sejam ocupados a célula não pode receber mais moléculas desse hormônio. Por essa razão a magnitude da resposta de um determinado hormônio vai aumentando conforme se aumen-tam suas concentrações, porém ao saturar-se os receptores alcançam um ponto em que a resposta já não aumenta embora sigam incrementando as concentrações hormonais já que os receptores não permanecem livres para unirem-se ao excesso de moléculas do hormô-nio. -/- As células, em contrapartida, podem regular tanto o número de receptores presen-tes como a afinidade destes por seu hormônio; isso significa que a magnitude da resposta antes um determinado sinal endócrino pode ser distinta em diferentes momentos da vida de um animal; depende do estado dos receptores presentes nos tecidos, pelo qual é impor-tante conhecer quais são os fatores que podem aumentar ou reduzir o número de recepto-res em uma célula, assim como aqueles que podem aumentar ou diminuir a afinidade des-ses receptores por seus hormônios. -/- -/- Efetor -/- É o elemento encarregado de responder a uma mensagem realizando uma ação, e é um elemento diferente do receptor. Vale ressaltar que no caso de uma transmissão de televisão o receptor é o aparelho sintonizado no canal de interesse, porém o efetor é o te-lespectador que está exposto as notícias. Esse telespectador sofrerá mudanças que podem resultar em uma ação. A mudança pode ser evidente (e auxiliar as vítimas de um desastre), ou simplesmente uma mudança potencial (ao se inteirar de uma notícia não se pode produ-zir nenhuma mudança aparente até que alguém lhe pergunte: já se interessou?, E nesse caso a resposta será: “sim” em lugar do “não”). Deve-se tomar em conta que o efetor pode estar ausente embora o receptor esteja presente (um televisor ligado em uma sala vazia). O efetor também pode estar inativado (o telespectador encontra-se dormindo); quando assim ocorre não irá produzir uma resposta embora o receptor esteja presente. -/- No sistema endócrino o efetor é, em geral, um sistema celular encarregado de rea-lizar uma determinada função. Na maioria dos casos trata-se de sistemas enzimáticos cuja função é estimulada pela união do hormônio ao seu receptor. Alguns hormônios, por exemplo, atuam através do sistema AMP cíclico (AMPc) logo, a união do hormônio ao seu receptor resulta na ativação de uma proteína chamada Proteína Gs, que ativa a enzima Adenil-ciclase (ou adenilato ciclase), a qual transforma ATP em AMPc. A presença de AMPc resulta na ativação de uma enzima cinese de proteínas que fosforiza outras enzi-mas, o que pode ativá-las ou inativá-las; nesses casos, é gerada uma cascata de eventos que resulta em uma mudança na atividade celular; por exemplo, a cadeia de eventos que produz-se em resposta ao AMPc quando a célula de Leydig do testículo é estimulada pela união do LH a seu receptor resulta na produção de testosterona, enquanto que a estimula-ção de um adipócito provocada pela união da adrenalina a seu receptor, que também atua através do sistema AMPc, resulta em uma série de eventos que provocam, finalmente, a liberação de ácidos graxos livres em direção a circulação. -/- Nos exemplos supra, o AMPc é considerado um mensageiro intracelular, já que o receptor capta o sinal (hormônio) no exterior da célula, o que resulta na produção de um novo sinal (mudança nas concentrações de AMPc) no interior da célula. Embora o sistema AMPc seja utilizado por muitos hormônios, não é um sistema universal; existem outros sistemas mensageiros intracelulares que também são utilizados para responder os hormô-nios que não entram nas células, por exemplo o sistema cálcio-calmodulina, ou os siste-mas baseados em receptores com atividade de cineses de tirosina. Nos casos que os hor-mônios possa atravessar livremente a membrana celular, como acontece com os hormôni-os esteroides, o hormônio se une a receptores presentes no citoplasma, que depois ingres-sam ao núcleo celular para intervir na regulação da transcrição do genoma. -/- De maneira independente ao mecanismo de ação de um determinado hormônio, sua presença finalmente desencadeará mudanças em um ou mais sistemas efetores da célula, o que permitirá que a mesma responda a mensagem que o emissor transmitiu originalmente. É evidente que para compreender a ação de qualquer hormônio é indispensável conhecer seu mecanismo de ação, o papel dos mensageiros intracelulares e as característi-cas dos sistemas efetores. Deve-se conhecer também quais são os fatores que afetam a transdução da mensagem já que uma célula pode regular seus sistemas efetores e dessa forma ter uma resposta maior, menor ou alterada ante a mesma mensagem. -/- -/- Resposta -/- Como mencionado, qualquer mensagem provoca uma resposta (embora somente seja potencial) sobre o efetor que a recebe. No sistema endócrino, as mensagens hormonais viajam constantemente pelo organismo e são captadas por todas as células que possuem receptores ativos para um determinado hormônio. Uma única célula pode ter receptores para diferentes hormônios, pelo qual pode estar recebendo diversas mensagens simultaneamente, e cada uma dessas mensagens pode afetar a resposta de outras mensagens. Por exemplo, a presença de progesterona pode alterar a resposta das células endometriais ao estradiol. Ademais, as células podem estar recebendo ao mesmo tempo uma informação não hormonal, como as concentrações de diversos metabólitos na circulação, ou a recebida pelo sistema nervoso. A célula analisa toda essa informação e com base nela decide se deve responder a mensagem hormonal que está recebendo como deve responder, com que intensidade e durante quanto tempo. A resposta final pode ser uma resposta física imediata (contração, secreção de um hormônio armazenado previa-mente), uma modificação bioquímica a curto prazo (síntese de um determinado hormônio ou outra substância), ou o início de uma série de mudanças que levam a uma mudança a longo prazo (divisão celular, diferenciação celular, crescimento, morte celular). -/- -/- Feedback ou retroalimentação -/- Quando em um sistema de comunicação se produz uma resposta, em muitos casos essa resposta engloba a geração de informação que vai retornar ao emissor, e que agora constituirá um ou mais dos elementos que o emissor tomará em conta antes de transmitir uma nova mensagem. Assim, se um jornal transmite uma mensagem “menina pobre necessita de doação de roupas”, a resposta de alguns efetores (telespectadores) que virão a doar roupas será conhecida pelo emissor, que assim saberá que já não será mais neces-sário voltar a transmitir a mensagem, o que o fará tomar a decisão de transmitir uma mensagem diferente como “menina pobre já não necessita de roupas, porém requer de ali-mentos para sua família”. Essa modificação da mensagem provocada pela resposta do efetor é conhecida como retroalimentação. -/- De forma análoga, no sistema endócrino a resposta da célula efetora geralmente é reconhecida pelo emissor, que em consequência modifica sua mensagem. Na maioria dos casos se produz uma retroalimentação negativa, que consiste em que a resposta do efetor provoca uma redução na intensidade da mensagem transmitida pelo emissor. Quando os gonadotropos de uma vaca secretam hormônio folículo estimulante (FSH), as células da granulosa de seus folículos ovarianos respondem realizando diversas funções, uma das quais é a secreção de inibina. A elevação nas concentrações circulantes de inibina é capta-da pelos gonadotropos, que logo sabem que o FSH já transmitiu sua mensagem, pelo que reduzem a secreção deste hormônio. A retroalimentação negativa é muito importante em qualquer sistema endócrino já que permite manter as concentrações hormonais dentro de limites aceitáveis. -/- A retroalimentação negativa pode ser de onda ultracurta, curta ou longa. A onda ultracurta é quando o hormônio produzido por uma célula pode inibir sua própria secre-ção. A retroalimentação negativa de onda curta é quando o hormônio produzido por uma célula pode inibir a de um órgão imediatamente superior na hierarquia (por exemplo, quando a progesterona produzida pelo corpo lúteo do ovário inibe a secreção de LH pelos gonadotropos da hipófise). O feedback negativo de onda longa sucede quando o hormônio produzido por uma célula inibe a uma célula de um órgão que está dois ou mais níveis por cima na escala hierárquica, por exemplo, quando a testosterona produzida pelas células de Leydig do testículo inibe diretamente os neurônios produtores de GnRH, saltando as células produtoras de LH e adenohipófise. -/- Existe também a retroalimentação positiva, da qual o primeiro hormônio estimula a secreção de um segundo hormônio, o que por sua vez estimula o primeiro, com o que se estabelece um círculo progressivo de estimulação. Um exemplo de retroalimentação positiva é a que se produz pouco antes da ovulação entre o LH hipofisário e o estradiol de origem folicular. Os dois hormônios se estimulam mutuamente até que alcancem níveis elevados de LH que provoca a ovulação. O círculo de feedback positivo termina quando o pico pré-ovulatório de LH mudanças sobre o folículo que incluem a perda da capacidade de produção de estrógenos. Todo o sistema de retroalimentação positiva deve ter um final abrupto sobre o qual se rompe o ciclo de estimulação mútua, já que não mais deverá ser produzida quantidades elevadas dos hormônios, até que todos os recursos do organismo sejam utilizados para esse fim. -/- -/- CLASSIFICAÇÃO QUÍMICA DOS HORMÔNIOS -/- Do ponto de vista químico e sobre o estudo da Fisiologia da Reprodução Animal, existem quatro grupos principais de hormônios: polipeptídios, esteroides, aminas e prostaglandinas; dentro de cada grupo, por sua vez, existem mais grupos de inúmeros outros hormônios dispostos em subdivisões. -/- -/- Hormônios polipeptídios -/- Os polipeptídios são cadeias de aminoácidos. Quando uma dessas cadeias está constituída por poucos aminoácidos é denominada simplesmente de polipeptídios, mas quando uma cadeia de aminoácidos é longa e adquire uma configuração espacial de três dimensões o polipeptídio é denominado proteína (figura 2). Muitos neurohormônios hipo-talâmicos são polipeptídios, como o liberador de gonadotropinas (GnRH), constituído por 10 aminoácidos, o hormônio liberador de tirotropina (TRH), formado por 3 aminoácidos, o somatostatina, constituído por 14 aminoácidos, a ocitocina que é formada por 8 aminoá-cidos etc. O sistema nervoso central e a hipófise produzem peptídeos opioides. -/- Entre os hormônios polipeptídios que por seu tamanho são considerados proteínas encontramos a prolactina, o hormônio do crescimento, os lactogênios placentários, a relaxina, a insulina e fatores de crescimento parecidos com a insulina (IGFs). Existe outro grupo de hormônios polipeptídios classificados como glicoproteínas. Trata-se de proteí-nas que possuem carboidratos unidos a alguns de seus aminoácidos. -/- -/- Figura 2: classificação dos hormônios polipeptídios. Fonte: ZARCO, 2018. -/- -/- Há um grupo de hormônios glicoproteicos que constituem uma família de molécu-las similares entre si, dentro das quais estão o hormônio luteinizante (LH), o hormônio folículo estimulante (FSH), o hormônio estimulante da tireoide (TSH), a gonadotropina coriônica humana (hCG) e a gonadotropina coriônica equina (eCG); todos estão formados pela subunidade alfa que é idêntica para os hormônios de uma determinada espécie animal, e por uma subunidade beta específica para cada hormônio. As duas subunidades mantém-se unidas através de ligações dissulfeto. Deve-se mencionar que os carboidratos associados as glicoproteínas podem ser distintos em diferentes idades, épocas do ano ou estados fisiológicos; esse processo é conhecido como microheterogenicidade, e recente-mente têm-se dado grande importância a seu estudo, já que é reconhecido fatores tais como a vida média de um hormônio ou sua atividade biológica podem ser modificados de acordo com o tipo de carboidratos presentes na molécula. -/- Existe outra família de hormônios glicoproteicos, que incluem a inibina A, a B, e a activina A, AB e B. Todos os hormônios polipeptídios possuem algumas características comuns. Em primeiro lugar, trata-se de moléculas hidrossolúveis que não conseguem atravessar as membranas celulares pelo qual se unem a receptores transmembranais que flutuam sobre a parede externa da membrana da célula branca e requerem de um segundo mensageiro intracelular, como o cálcio ou o AMPc, para levar sua mensagem ao interior da célula. -/- Os hormônios desse grupo, não podem ser administrados por via dérmica, oral, retal ou intravaginal, já que não podem atravessar a pela ou as mucosas intestinais, retais ou vaginais. Os polipeptídios são digeridos no estômago, o que também impede sua admi-nistração oral. Outra característica que deve-se tomar em conta é que as proteínas (embora não os polipeptídios pequenos) podem se desnaturalizar por fatores como o calor (são termolábeis), a congelação, ou mudanças de pH m a desnaturalização consiste em uma mudança na forma natural da proteína, o que leva a perda de sua função. Por essa razão, ao trabalhar com hormônios proteicos devem-se tomar cuidados especiais durante seu manejo para evitar a exposição a fatores desnaturalizantes. -/- -/- Hormônios esteroides -/- São moléculas derivadas do colesterol; a célula esteroidogênica pode sintetizar o colesterol, obtê-lo de reservas intracelulares ou da circulação. Na célula esteroidogênica existem diversas enzimas que atuam sequencialmente sobre a molécula de colesterol, provocando mudanças sucessivas até obter o hormônio final que será secretado, ao qual dependerá das enzimas que estão presentes e ativas na célula. -/- Existem cinco grupos principais de hormônios esteroides; os progestágenos, os estrógenos, os glicocorticoides e os mineralocorticoides (figura 3). -/- Os progestágenos são hormônios que favorecem o desenvolvimento da gestação; seus efeitos incluem, entre outros, a estimulação da secreção endometrial de substâncias nutritivas para o embrião, a estimulação do desenvolvimento embrionário e placentário, a inibição das contrações uterinas, bem como fazer com que a cérvix fique fechada. O principal hormônio natural desse grupo é a progesterona, mas existem uma grande quantidade de progestágenos sintéticos utilizados na medicina veterinária, tais como o acetato fluorogestona (FGA), o acetato de melengestrol (MGA), o altrenogest e o norgestomet. -/- Os estrógenos são os hormônios femininos responsáveis, entre outras funções, dos sinais do estro ou receptividade sexual nas fêmeas. A maior parte de seus efeitos estão no alcance da fertilização do ovócito. Os estrógenos, além de estimular a conduta sexual feminina, favorecem, entre outras coisas, a abertura da cérvix para permitir a passagem do espermatozoide, e as contrações uterinas para impulsionar o sêmen em direção aos ovidutos. O principal estrógeno natural é o estradiol 17β, outros membros naturais do grupo são a estrona, a equilina e a equilenina, esses dois últimos presentes exclusivamente em éguas gestantes. Também existem numerosos estrógenos sintéticos, tais como o valerato de estradiol, o benzoato de estradiol e o cipionato de estradiol. -/- Os andrógenos são hormônios masculinos. Possuem uma grande quantidade de efeitos encaminhados a alcançar o êxito reprodutivo do macho, como estimular a conduta sexual, estimular a produção de espermatozoides e estimular as secreções das glândulas sexuais acessórias. O andrógeno principal é a testosterona, outros andrógenos naturais incluem a androstenediona e a di-hidrotestosterona. Existe também inúmeros andrógenos sintéticos. -/- Os glicocorticoides ou corticosteroides possuem funções principalmente metabó-licas e de adaptação ao estresse. O principal corticosteroide na maioria das espécies é o cortisol, enquanto que nos ratos e outros roedores é a corticosterona. Na reprodução, os corticosteroides desempenham um papel relevante, em particular durante o parto e a lac-tação. -/- Os mineralocorticoides, como a aldotestosterona, se encarregam da regulação do balanço de líquidos e eletrólitos no organismo. -/- -/- Figura 3: subgrupos dos hormônios esteroides. Fonte: ZARCO, 2018. -/- -/- Os hormônios esteroides como grupos são hidrossolúveis, pelo qual podem atra-vessar livremente as membranas celulares, por essa razão utilizam receptores intracelula-res que se encontram no citoplasma da célula branca; também pode-se administrar por via oral, pela pele, e através das mucosas retal ou vaginal. São moléculas termoestáveis e não são digeridas no estômago, embora algumas possas sofrer modificações na pH ácido, alterando sua função. -/- -/- Aminas -/- São moléculas derivadas de um aminoácido que se modifica pela ação de enzimas específicas. Existem dois tipos de hormônios aminas: as catecolaminas e as indolaminas (figura 4). As catecolaminas derivam do aminoácido tirosina, e incluem a dopamina, a a-drenalina e a noradrenalina. As indolaminas derivam-se do triptofano, e incluem a seroto-nina e a melatonina. -/- As aminas são moléculas hidrossolúveis que não podem atravessar as membranas celulares e portanto atuam através de receptores membranais e segundos mensageiros intracelulares. -/- -/- Figura 4: classificação dos hormônios peptídicos. Fonte: ZARCO, 2018. -/- -/- Prostaglandinas -/- São substâncias derivadas do ácido araquidônico. A principal fonte desse ácido graxo são os fosfolipídios da membrana celular, a partir dos quais se podem liberar o ácido araquidônico mediante a ação da enzima fosfolipase A2. O ácido araquidônico se transforma em prostaglandina H mediante a ação da enzima ciclo-oxigenase (ou sintetase de prostaglandinas), que mais adiante se transforma em diferentes prostaglandinas especí-ficas pela ação de diversas enzimas. O tipo de prostaglandina produzido por cada célula dependerá do complemento de enzimas presentes. -/- A prostaglandina mais importante na reprodução é a PGF2α, a qual é responsável pela destruição do corpo lúteo na maioria das espécies; também provoca contrações uteri-nas, pelo qual é importante para o parto, e o transporte dos espermatozoides e a involução uterina depois do parto. Na prática veterinária a PGF2α natural (dinoprosr) ou seus seme-lhantes sintéticos (cloprostenol, luprostiol etc.) são utilizados para a sincronização do ciclo estral, para a indução do parto e para tratar diversas patologias. Outra prostaglandina com algumas ações relacionadas com a reprodução é a prostaglandina E2 (PGE2). -/- As prostaglandinas são substâncias anfipáticas (com propriedades hidrossolúveis e lipossolúveis), pelo qual podem atravessar as membranas celulares. -/- REFERÊNCIAS BIBLIOGRÁFICAS -/- AUSTIN, Colin Russell; SHORT, R. Reproduction in mammals. Cambridge, 1972. -/- BEARDEN, Henry Joe et al. Reproducción animal aplicada. México: Manual Moderno, 1982. -/- BECKER, Jill B. et al. (Ed.). Behavioral endocrinology. Mit Press, 2002. -/- BITTAR, Edward (Ed.). Reproductive endocrinology and biology. Elsevier, 1998. -/- BURNSTEIN, Kerry L. (Ed.). Steroid hormones and cell cycle regulation. Kluwer Academic Pub., 2002. -/- CUNNINGHAM, James. Tratado de fisiologia veterinária. Elsevier Health Sciences, 2011. -/- CUPPS, Perry T. (Ed.). Reproduction in domestic animals. Elsevier, 1991. -/- DUKES, Henry Hugh; SWENSON, Melvin J.; REECE, William O. Dukes fisiologia dos animais domésticos. Editora Guanabara Koogan, 1996. -/- FELDMAN, Edward C. et al. Canine and feline endocrinology-e-book. Elsevier health sciences, 2014. -/- FUSCO, Giuseppe; MINELLI, Alessandro. The Biology of Reproduction. Cambridge University Press, 2019. -/- GILBERT, Scott F. Biologia del desarrollo. Ed. Médica Panamericana, 2005. -/- GORE, Andrea C. GnRH: the master molecule of reproduction. Springer Science & Business Media, 2002. -/- HAFEZ, Elsayed Saad Eldin; HAFEZ, Bahaa. Reprodução animal. São Paulo: Manole, 2004. -/- HERNÁNDEZ PARDO, Blanca. Endocrinología: Lo esencial de un vistazo. México: Panamericana, 2016. -/- HYTTEL, Poul; SINOWATZ, Fred; VEJLSTED, Morten. Embriologia veterinária. São Paulo: Elsevier Brasil, 2012. -/- ILLERA MARTIN, Mariano. Endocrinología veterinaria y fisiología de la reproducción. Madrid: COLIBAC, 1984. -/- JOHNSON, Martin H. Essential reproduction. Nova Jersey: John Wiley & Sons, 2018. -/- MANDOKI, Juan José et al. Hormone multifunctionalities: a theory of endocrine signaling, command and control. Progress in biophysics and molecular biology, v. 86, n. 3, p. 353-377, 2004. -/- MANDOKI, Juan José et al. Reflections on the mode of functioning of endocrine systems. Archives of medical research, v. 41, n. 8, p. 653-657, 2010. -/- MCKINNON, Angus O. et al. (Ed.). Equine reproduction. Nova Jersey: John Wiley & Sons, 2011. -/- MELMED, Shlomo (Ed.). The pituitary. Londres: Academic press, 2010. -/- NORRIS, David O.; LOPEZ, Kristin H. (Ed.). Hormones and reproduction of vertebrates. Academic Press, 2010. -/- PARHAR, Ishwar S. (Ed.). Gonadotropin-releasing hormone: molecules and receptors. Elsevier, 2002. -/- PIMENTEL, C. A. Fisiologia e endocrinologia da reprodução da fêmea bovina. I Simpósio de Reprodução de Bovinos, Porto Alegre, RS, 2002. -/- PINEDA, Mauricio H. et al. McDonald's veterinary endocrinology and reproduction. Iowa state press, 2003. -/- RAMOS DUEÑAS, J. I. Endocrinología de la reproducción animal. 2018. -/- SALISBURY, Glenn Wade et al. Physiology of reproduction and artificial insemination of cattle. WH Freeman and Company., 1978. -/- SANDERS, Stephan. Endocrine and reproductive systems. Elsevier Health Sciences, 2003. -/- SORENSEN, Anton Marinus. Reproducción animal: principios y prácticas. México, 1982. -/- SQUIRES, E. James. Applied animal endocrinology. Cambridge: Cabi, 2010. -/- YEN, Samuel SC; JAFFE, Robert B.; BARBIERI, Robert L. Endocrinología de la Reproducción. Fisiología, fisiopatología y manejo clínico. Madrid: Ed. Médica Panamericana, 2001. -/- ZARCO, L. Endocrinología. In. PORTA, L. R.; MEDRANO, J. H. H. Fisiología reproductiva de los animales domésticos. Cidade do México: FMVZ-UNAM, 2018. (shrink)

Game theory involves deliberating about what to do in light of what other people are likely to do. One of the central frameworks of game theory is the prisoner’s dilemma, in which participants who make rational choices end up in suboptimal outcomes. Using the prisoner’s dilemma to model competition between firms sets the stage for a new and promising approach to business ethics: the market failures approach.

The article aims to define the management mechanism of complex, open dynamic systems with human participation. The following parts of the system life-cycle were identified and unified in the theoretical scope: general and specific compositional elements of repeating changes, marginal index boundaries, the dynamics of the compositional elements of the lifecycle, the key points of the change in the character of the index dynamics. In the practical scope, two common trends of socio-economical system life-cycle management are considered. The (...) first trend is the regulation of the comprising element ratio, which provides the increase in the duration of the maximally effective performance of a functioning system. The second trend is the regulation of the reproduction time of a new system. The systems life cycle aspects are investigated in almost all sciences and studied within many disciplines in the field of higher education. Therefore, deepening the mastery of scientific and methodological foundations of the life cycle of a complex open dynamic system is useful for any subject in everyday and practical activities. A human being – in the formation of own human capital. Families – when it is formed, the birth of children, the distribution of income and expenses. Companies – for efficient business activities. As well as local communities, local self-government bodies, public authorities and global entities within their profile activities. The results of the research provide the possibility of the development of applicable mechanisms for effectiveness and stability enhancement of managerial and entrepreneurial operation in business projects. (shrink)

Two prominent normative theories of business ethics are stakeholder and shareholder theory. Business ethicists generally favor the former, while business people prefer the latter. If the purpose of business ethics is “to produce a set of ethical principles that can be both expressed in language accessible to and conveniently applied by an ordinary business person” , then it is important to examine this dichotomy.While superficially attractive, the normative version of stakeholder theory contains numerous (...) limitations. Since balancing multiple stakeholder preferences is difficult, competing claims often become tests of political strength rather than justice. Furthermore, stakeholder theory has significant normative weaknesses.Although less attractive to academic ethicists, shareholder theory may provide superior results for society. The shareholder model focuses companies on meeting society’s material needs. Wise owners often balance other stakeholders’ views well since it is necessary for the business’s long-term success. Finally, shareholder theory has a strong normative basis in autonomy.In light of this analysis, it is incumbent upon academic business ethicists to emphasize the value of shareholder theory when teaching business ethics courses. (shrink)

In this conceptual paper, the traditional conceptualization of sustainable entrepreneurship is challenged because of a fundamental tension between processes involved in sustainable development and processes involved in entrepreneurship: the concept of sustainable business models contains a paradox, because sustainability involves the reduction of information asymmetries, whereas entrepreneurship involves enhanced and secured levels of information asymmetries. We therefore propose a new and integrated theory of sustainable entrepreneurship that overcomes this paradox. The basic argument is that environmental problems have to (...) be conceptualized as wicked problems or sustainability-related ecosystem failures. Because all actors involved in the entrepreneurial process are characterized by their epistemic insufficiency regarding the solving of these problems, the role of information in the sustainable entrepreneurial process changes. On the one hand, the reduction of information asymmetries primarily aims to enable actors to become critical of sustainable entrepreneurs’ actual business models. On the other hand, the epistemic insufficiency of sustainable entrepreneurs guarantees that information asymmetries remain as a source of new sustainable business opportunities. Three further characteristics of sustainable entrepreneurs are distinguished: sustainability and entrepreneurship-related risk-taking; sustainability and entrepreneurship-related self-efficacy; and the development of satisficing and open-ended solutions, together with multiple stakeholders. (shrink)

Given his view that the modern world is ‘radically evil’, Adorno is an unlikely contributor to business ethics. Despite this, we argue that his work has a number of provocative implications for the field that warrant wider attention. Adorno regards our social world as damaged, unfree, and false and we draw on this critique to outline why the achievement of good work is so rare in contemporary society, focusing in particular on the ethical demands of roles and the ideological (...) nature of management’s self-understanding. Nevertheless, we show that Adorno’s comments on activities such as art and philosophy mean that it is possible to draw on his work in a way that contributes constructively to the conversation about good and meaningful work within business ethics. (shrink)

Transnational, global trades, investments, and travels, amongst other drivers of globalization, helps to reverberate the deadly coronavirus pandemic from Wuhan, China, across the world like whirl fire. In order to contain the infectious spread of the pandemic, and mitigate its negative effects on macro-economic variables, the World Health Organization, (WHO) designed Covid-19 protocols that are being enforced by governments and people of the world. Based on the above account, the study examined the Second wave effect of Covid’19 pandemic on transportation (...) business: Keke-napep and Motorcycle transport systems in Asaba metropolis, Nigeria. The main objective is to empirically determine the real impact of the pandemic on rural land transport business. The study employed structured questionnaire and interview methods to generate data from the 250 respondents selected using the census sampling technique. Out of the 250 sets of questionnaires administered, 235 (94%) were retrieved while 15 (6%) were rejected. The statistical tools used for analyzing data were correlation and multiple regression techniques. Findings were that covid’19 pandemic negatively affected rural land transport business. The study concludes that, the coronavirus pandemic caused a contraction in transport business. It is therefore recommended that, there is a need for government to relax the stringent covid’19 protocols to allow economic activities to resume again. Campaigns on safety and hygiene should be intensified so that the populace will imbibe the culture of general cleanliness and personal hygiene, amongst others. (shrink)

What sort of connection is there between business ethics and philosophy? The answer given here: a weak one, but it may be getting stronger. Comparatively few business ethics articles are structurally dependent on mainstream academic philosophy or on such sub-specialities thereof as normative ethics, moral theory, and social and political philosophy. Examining articles recently published in the Journal of Business Ethics that declare some dependence, the author finds that such declarations often constitute only a pro forma (...) gesture which could be omitted without detriment to the paper's content and conclusions. He also finds, however, that some authors do draw on solid philosophical work in ways that are establishing ever more meaningful interconnections between business ethics and academic philosophy. These cross-disciplinary studies, he concludes, are ground-breaking and invite creative imitation. (shrink)

In the present paper, on the basis of the theory of production principles and production revolutions, we reveal the interrelation between K-waves and major technological breakthroughs in history and make some predictions about features of the sixth Kondratieff wave in the light of the Cybernetic Revolution which, we think, started in the 1950s. We assume that the sixth K-wave in the 2030s and 2040s will merge with the final phase of the Cybernetic Revolution (which we call the phase of (...) self-regulating systems). This period will be characterized by breakthroughs in medical technologies which will manage to combine many other technologies into a single complex of MBNRIC-technologies (med-bio-nano-robo-info-cognitive technologies). The article offers some predictions concerning the development of these technologies. (shrink)

Riker (1982) famously argued that Arrow’s impossibility theorem undermined the logical foundations of “populism”, the view that in a democracy, laws and policies ought to express “the will of the people”. In response, his critics have questioned the use of Arrow’s theorem on the grounds that not all configurations of preferences are likely to occur in practice; the critics allege, in particular, that majority preference cycles, whose possibility the theorem exploits, rarely happen. In this essay, I argue that the critics’ (...) rejoinder to Riker misses the mark even if its factual claim about preferences is correct: Arrow’s theorem and related results threaten the populist’s principle of democratic legitimacy even if majority preference cycles never occur. In this particular context, the assumption of an unrestricted domain is justified irrespective of the preferences citizens are likely to have. (shrink)

The article investigates the main characteristics of the financial stability of Ukrainian banks, their risk profile, structure of assets, liabilities, income, expenses based on the monthly reporting data for 2004-2020 (number of observations – 3 813). The Kohonen self-organizing map (SOM) toolkit is used to form homogeneous groups of banks based on a large number of financial indicators. The selected toolkit provides a convenient visualization of the results. Each bank occupies a specific place on the SOM. The close location of (...) banks on the map indicates that these banks have many common characteristics. This study is called the method of structural and functional groups of banks. The study formed stable groups of banks with the same characteristics of business models and risk profile. The formation of consecutive maps for each reporting period allows to obtain the characteristics of each bank separately and the banking system as a whole. The trajectory of an individual bank’s activity during the observation period characterizes the development of its business strategy. The migration of a large number of banks between groups reflects the objective changes in the conditions of banking. Increasing groups of high-risk banks indicate systemic problems. The results show that after a significant reduction in the banking system of Ukraine in 2014-2016, the business models of banks have changed significantly. The resource base relies on unstable sources of current funds with no set term of use. In the assets of banks, a significant portion is invested in government securities – government bonds. Bank loan portfolios have declined and have a higher proportion of non-performing assets (NPL). Many banks have increased currency risk. Concerns are raised about the state of large state-owned banks that hold a separate high-risk group. Thus, the conducted research allows to distinguish groups of banks with specific characteristics of business models and to observe changes of risk profile inherent to these groups. For each structural-functional group, changes in the values of financial indicators are investigated and migration between groups is studied. The proposed methodology is useful for studying both macro and macro levels. (shrink)

Some important correlations between medium-term economic cycles (7–11 years) known as Juglar cycles and long (40–60 years) Kondratieff cycles are presented in this paper. The research into the history of this issue shows that this aspect is insufficiently studied. Meanwhile, in our opinion, it can significantly clarify both the reasons of alternation of upswing and downswing phases in K-waves and the reasons of relative stability of the length of these waves. It also can provide the certain means for forecasting. The (...) authors show that adjacent 2–4 medium cycles form the system the important characteristic of which is the dynamics of economic trend. The latter can be upswing (active) or downswing (depressive). The mechanisms of formation of such medium-term trends and changing tendencies are explained. The presence of such clusters of medium cycles (general duration of which is 20–30 years) determines to a large degree the long-wave dynamics and the characteristics of its timing. Thus, not medium-term J-cycles depend on the character of K-wave phase as Kondratieff supposed, but the character of the cluster of J-cycles determines significantly the character of K-wave phases. (shrink)

One of the main contentions of the framework for Responsible Innovation (RI) is that social and ethical aspects have to be addressed by deliberative engagement with stakeholders and the wider public throughout the innovation process. The aim of this article is to reflect on the question to what extent is deliberative engagement suitable for conducting RI in business. We discuss several tensions that arise when this framework is applied in the business context. Further, we analyse the place of (...) deliberative engagement in several theories of business ethics. We conclude that there remains a tension between the ideal of RI and the way in which the competitive market operates. Hence, RI scholars should reflect more critically on changes that are required in the market in order to make RI possible, modify the ideal of deliberative engagement for RI in business, or attempt to strike a balance between these two responses. (shrink)

Robert Solomon has presented a version of business ethics in terms of virtues theory. It is a good thing that business ethics should be understood in terms of virtues theory, but the account that Solomon gives is seriously misleading in important respects. "A virtue is a pervasive trait of character that allows one to 'fit into' a particular society and to excel in it," he says. This is something that we might query: what a society will (...) recognize as a virtue might well be what fits that formula, but sometimes we shall want to recognize as a virtue what enabled somebody to stand out against his or her society and change it, and shall want to say that those traits that enable somebody to fit happily into (say) a slave society are vices rather than virtues. That is to say, a society's recognition of virtues, its application of virtues theory in picking out various character traits as valuable, will depend on other judgments common in that society, and we might well differ from that society in those judgments. (shrink)

According to the commonsense view of civic virtue, the places to exercise civic virtue are largely restricted to politics. In this article, I argue for a more expansive view of civic virtue, and argue that one can exercise civic virtue equally well through working for or running a for-profit business. I argue that this conclusion follows from four relatively uncontroversial premises: (1) the consensus definition of “civic virtue”, (2) the standard, most popular theory of virtuous activity, (3) a (...) conception of the common good widely shared by liberal political philosophers, and (4) the mainstream economic theory of for-profit business. (shrink)

I present a decision problem in which causal decision theory appears to violate the independence of irrelevant alternatives (IIA) and normal-form extensive-form equivalence (NEE). I show that these violations lead to exploitable behavior and long-run poverty. These consequences appear damning, but I urge caution. This decision should lead causalists to a better understanding of what it takes for a decision between some collection of options to count as a subdecision of a decision between a larger collection of options. And (...) with this better understanding of subdecisions in hand, causalists will not violate the IIA or the NEE. This decision will also teach causalists that, in sequential decisions, a rational agent may be led to make a series of choices which are causally dominated by some other sequence of choices they could have made instead. I will encourage causalists to recognise this as an intrapersonal tragedy of the commons. (shrink)

The small business sector has been identified as an essential component of the global economy, especially in the developing economies, where it plays a significant role in addressing job creation and poverty. However, the COVID 19 pandemic and its attendant lockdown restrictions have brought untold devastation to the sector forcing many out of operation, crippling business operations and financial viability. We seek to identify the role and impact of government relief measures in helping immigrant-owned businesses in South Africa (...) to deal with the impact of the pandemic on their businesses. Primary data was collected using an electronic questionnaire administered to 260 foreign business owners in South Africa. The data was cleaned and statistically analysed using IBM SPSS version 27. We interpreted and discussed the results using the realistic conflict theory. Though a vast majority of the businesses (89%) reported that the pandemic had a very severe impact on their financial sustainability and liquidity, none of them reported that they benefitted from any of the South African government business support packages during the pandemic. (shrink)

When you type the word “serendipity” in a word-processor application such as Microsoft Word, the autocorrection engine suggests you choose other words like “luck” or “fate”. This correcting act turns out to be incorrect. However, it points to the reality that serendipity is not a familiar English word and can be misunderstood easily. Serendipity is a very much scientific concept as it has been found useful in numerous scientific discoveries, pharmaceutical innovations, and numerous humankind’s technical and technological advances. Therefore, there (...) have been many books written around the concept. So why do we need this additional book? This is not just another book about serendipity. It has evolved from the Editor’s question lingering for a decade after finishing his widely cited article (coauthored with Prof. Nancy K. Napier of Boise State University, ID, USA) “Serendipity as a strategic advantage?” in T. Wilkinson’s edited volume Strategic Management in the 21st Century, published by Praeger. The Editor and contributing authors have tried to achieve the following in this title. Demystifying the Serendipity Myth The phenomenon of serendipity has always been thought of as a “miracle”. It is the mystery of human innovation and one of the ultimate secrets of our society. But serendipity is not just a lucky coincidence nor any hidden conspiracy. This book explores the science of the information process behind this seemingly miraculous phenomenon. It connects human society with nature, going back to the root of our existence and looking at the flame of survival to discover the harmony in making creativity. Presenting the nuts and bolts of being an adventurer of science The authors present their conceptual investigations into serendipity’s nature and its mechanism by examining interesting real events and stories. The content is thought-provoking, and readers are led to question and explore their own life stories and problems along the journey of reading this book. Catching an elusive high-value target requires great strategies and efforts. But there are no dark secrets here because this is the “way of nature” – how we humans have always strived for innovation without realizing the blueprints behind such processes. Unlike other books on serendipity, this book will show you that a powerful “secret” is closer than you think. Delivering practical uses for different audiences By understanding the conditionality and survival drivers of serendipity, individuals or organizations can make better decisions on creating the right environment to facilitate the encounter and attainment of this valuable phenomenon. For scientists: With clear explanations of the information processes underlying serendipity, flexible theoretical frameworks of mindsponge and the 3D principle of creativity, researchers are provided with the tools they need to dig deeper into their own fields of study and find practical applications, be it psychology, economics, sociology, or anything that involves innovation (which is, in fact, every scientific discipline). For curious casual readers: Everybody needs innovation to make breakthroughs or spice up one’s life. If you think great ideas come to people randomly from an unknown fairy place, this book will convince you otherwise without taking away that awe and wonder. But above all, you will know how to become more creative, scientifically and straightforwardly, with no snake oil and no weird tricks. For ambitious business people: The flame that brought about great successes throughout human history is within you. But you can only use it if you understand it. While others wait for serendipity to come, you will be able to actively hunt for those precious moments. As it has always been: the best hunters triumph, not the passive wanderers. And in this age of information chaos, finding the golden fruits is not easy. Those from information technology know this problem well, and this book is the treasure map that they have been seeking to navigate that stormy ocean looking for jewels. Like a kingfisher tracking its prey through the water, waiting to gracefully strike, with serendipity, a person seizes the prize of creativity amid the chaos of life. ¤ ¤ ¤ Official introduction: The book explores the nature, underlying causes, and the information processing mechanism of serendipity. It proposes that natural or social survival demands drive serendipity, and serendipity is conditional on the environment and the mindset, on both individual and collective levels. From Darwin's evolution theory to Sun Tzu's war tactics, major innovations throughout human history are unified by this key concept. In the rapidly changing world, information is abundant but rather chaotic. The adaptive power of serendipity allows people to notice treasures within this wild sea, but only for those who understand how it works. To increase the probability of encountering and attaining serendipity, one should employ the mindsponge mechanism and the 3D process of creativity, for without these frameworks, serendipity is truly an elusive target. The book also discusses methods to build environments and cultures rich in navigational and useful information to maximize the chance of finding and capitalizing on serendipity. As a skill, serendipity has a resemblance to how kingfishers observe and hunt their prey. (shrink)

A theory of property needs to give an account of the whole life-cycle of a property right: how it is initiated, transferred, and terminated. Economics has focused on the transfers in the market and has almost completely neglected the question of the initiation and termination of property in normal production and consumption (not in some original state or in the transition from common to private property). The institutional mechanism for the normal initiation and termination of property is an (...) invisible-hand function of the market, the market mechanism of appropriation. Does this mechanism satisfy an appropriate normative principle? The standard normative juridical principle is to assign or impute legal responsibility according to de facto responsibility. It is given a historical tag of being "Lockean" but the basis is contemporary jurisprudence, not historical exegesis. Then the fundamental theorem of the property mechanism is proven which shows that if "Hume's conditions" (no transfers without consent and all contracts fulfilled) are satisfied, then the market automatically satisfies the Lockean responsibility principle, i.e., "Hume implies Locke." As a major application, the results in their contrapositive form, "Not Locke implies Not Hume," are applied to a market economy based on the employment contract. It is shown the production based on the employment contract violates the Lockean principle (all who work in an employment enterprise are de facto responsible for the positive and negative results) and thus Hume's conditions must also be violated in the marketplace (de facto responsible human action cannot be transferred from one person to another—as is readily recognized when and employer and employee together commit a crime). (shrink)

The Market Failures Approach (MFA) is one of the leading theories in contemporary business ethics. It generates a list of ethical obligations for the managers of private firms that states that they should not create or exploit market failures because doing so reduces the efficiency of the economy. Recently the MFA has been criticised by Abraham Singer on the basis that it unjustifiably does not assign private managers obligations based on egalitarian values. Singer proposes an extension to the MFA, (...) the Justice Failures Approach (JFA), in which managers have duties to alleviate political, social, and distributive inequalities in addition to having obligations to not exploit market failures. In this paper I describe the MFA and JFA and situate them relative to each other. I then highlight a threefold distinction between different types of obligations that can be given to private managers in order to argue that a hybrid theory of business ethics, which I call the MFA +, can be generated by arguing that managers have obligations based on efficiency and duties based on equality to the extent that these latter obligations do not lead to efficiency losses. This argument suggests a novel theoretical option in business ethics, elucidates the issues that are at stake between the MFA and the JFA, and clarifies the costs and benefits of each theory. (shrink)

The total early-stage entrepreneurial activity (TEA) in South Africa is said to be extremely low compared to those of other sub-Saharan countries. This is despite the concerted efforts of the government to establish, develop and nurture entrepreneurship at all levels, especially among the youths. This calls for concern given the current state of the economy and the challenges faced by South Africa’s future generation. This paper is anchored on two theoretical frameworks to substantiate our argument for the inclusion of entrepreneurship (...) education in the curricula of non-business programmes at universities of technology. The theoretical frameworks are the contingency organizational theory and the magnet versus radiant model. The study adopted an exploratory cross-sectional research design which allowed us to collect data from a cross-section of a population: the universities of technology in South Africa. The findings suggest that only fifteen (out of the 46) of the programmes showed visible evidence of entrepreneurship/business studies in their content. Such finding implies that there is a need for entrepreneurship to be integrated into the curricula of all non-business departments if not for the sake of its perceived employment generation attributes, but for its other attributes such as innovation, and more importantly employability. (shrink)

Developmental systems theory (DST) is a wholeheartedly epigenetic approach to development, inheritance and evolution. The developmental system of an organism is the entire matrix of resources that are needed to reproduce the life cycle. The range of developmental resources that are properly described as being inherited, and which are subject to natural selection, is far wider than has traditionally been allowed. Evolution acts on this extended set of developmental resources. From a developmental systems perspective, development does not proceed (...) according to a preformed plan; what is inherited is much more than DNA; and evolution is change not only in gene frequencies, but in entire developmental systems. (shrink)

This paper draws on MacIntyre’s ethical thought to illuminate a hitherto underexplored religious context for business ethics, that of the Amish. It draws on an empirical study of Amish settlements in Holmes County, Ohio, and aims to deepen our understanding of Amish business ethics by bringing it into contact with an ethical theory that has had a signifcant impact within business ethics, that of Alasdair MacIntyre. It also aims to extend MacIntyrean thought by drawing on his (...) neglected critique of modernity in the context of business ethics. The Amish context allows us to appreciate the relationship between MacIntyre’s critique of modernity, his conception of practices and communities, and his distinctive approach to the virtues. It also helps us to better understand how the ethical life is possible within our emotivist culture. (shrink)

In four experiments, we offer evidence that virtues are often judged as uniquely important for some business practices (e.g., hospital management and medical error investigation). Overall, actions done only from virtue (either by organizations or individuals) were judged to feel better, to be more praiseworthy, to be more morally right, and to be associated with more trustworthy leadership and greater personal life satisfaction compared to actions done only to produce the best consequences or to follow the correct moral rule. (...) These results accord with claims made by some virtue ethicists. The current data contribute to a small but growing body of literature emphasizing both empirical soundness and philosophical rigor in the scientific study of virtue. Results also offer some guidance concerning how businesses, employees, and executives are evaluated and perceived. Implications for theory and practice are discussed. (shrink)

Griffiths and Russell D. Gray (1994, 1997, 2001) have argued that the fundamental unit of analysis in developmental systems theory should be a process – the life cycle – and not a set of developmental resources and interactions between those resources. The key concepts of developmental systems theory, epigenesis and developmental dynamics, both also suggest a process view of the units of development. This chapter explores in more depth the features of developmental systems theory that favour (...) treating processes as fundamental in biology and examines the continuity between developmental systems theory and ideas about process in the work of several major figures in early 20th century biology, most notable C.H Waddington. (shrink)

Ethical oaths for bankers, economists and managers are increasingly seen as successful instruments to ensure more responsible behaviour. In this article, we reflect on the nature of ethical oaths. Based on John Austin's speech act theory and the work of Emmanuel Levinas, we introduce a performative concept of ethical oaths that is characterised by (1) the existential self-performative of the one I want to be, which is (2) demanded by the public context. Because ethical oaths are (3) structurally threatened (...) by the possibility of infelicity or failure, we stress (4) the behavioural aspect of ethical oaths in economics and business. We conclude that a performative concept of ethical oaths can contribute to more ethical behaviour in economics and business, because the performative involves action and behaviour. At the same time, it becomes clear that a radical new perspective on the nature, function and limitation of oaths is needed. (shrink)

The purpose of the article was 1) to assess the relationship between the organizational culture (OC) type and business strategy (BS); 2) to prove that OC influences the survival strategy success/implementation; 3) to contribute to the expansion of organizational theory by analyzing the Boston Consulting Group (BCG) strategy palette as the basis for developing an effective company survival strategy during the crisis. To achieve the purpose, correlation analysis between OC types (authors' typology) and BS (Boston Consulting Group and (...) Miles & Snow Models) was used (561 employees of different industries participated in the survey; the data collected laid the foundation for the research). As a result, it was proved that 1) certain types of organizational culture correspond to certain types of strategies; 2) during the period when the company overcomes the recession, OC affects strategic innovation decisions; 3) building a sustainable business ecosystem enhances the positive impact. The main limitations of the study are 1) some elements of subjectivity assessment, 2) constant changes in OC and BS, 3) the probability of different subcultures coexistence. Implications for a Central European audience: The results confirmed that there is a need for managers to 1) take into account the organizational culture characteristics/features to implement chosen strategies successfully; 2) be ready to adapt the OC before the BS is approved; 3) adopt the idea that building an innovation ecosystem can be crucial to confront the crisis with confidence. (shrink)

This article claims that one has to distinguish between X° reflexives which do not bear phi-features, such as number, and XP complex reflexive - which do bear such features. The presence/vs absence of features, it is argued, explains the behavior of so called long distance reflexives - first observed, within the generative tradition, in scandinavian languages - but present all over. The observation according to which XP reflexives are clause bound, while X° reflexives in argument position are not, is some (...) times refered to as "Pica's generalization" (see Burzio (1987) which stressed correctly that is was the first time that such a correlatiion betwen reflexives structure, binding domains, and the role of a cycle was observed. The behavioir of reflexives it is argued derives from the properties of abstratc movement at the level of Logical Form. (shrink)

This paper explores the level of obligation called for by Milton Friedman’s classic essay “The Social Responsibility of Business is to Increase Profits.” Several scholars have argued that Friedman asserts that businesses have no or minimal social duties beyond compliance with the law. This paper argues that this reading of Friedman does not give adequate weight to some claims that he makes and to their logical extensions. Throughout his article, Friedman emphasizes the values of freedom, respect for law, and (...) duty. The principle that a business professional should not infringe upon the liberty of other members of society can be used by business ethicists to ground a vigorous line of ethical analysis. Any practice, which has a negative externality that requires another party to take a significant loss without consent or compensation, can be seen as unethical. With Friedman’s framework, we can see how ethics can be seen as arising from the nature of business practice itself. Business involves an ethics in which we consider, work with, and respect strangers who are outside of traditional in-groups. (shrink)

When it comes to fulfilling our basic duties to distant others, we in the affluent world face a motivation gap; we consistently fall short of bearing even moderate costs for the sake of helping others secure basic minimums to which they are entitled. One response to the motivation gap is to cultivate in affluent populations a greater concern for distant others; cultivating such concern is the goal of ‘sentimental cosmopolitanism’. Two approaches to sentimental cosmopolitanism currently dominate the literature, a compassion-based (...) and a complicity-based approach, respectively. In this paper, I argue for the promise of reciprocity as an alternative motivator of cosmopolitan concern. I further argue that a sense of obligation to distant others, grounded in our participation in an ongoing system of reciprocal exchange, can be cultivated within a thus-far overlooked sphere of cosmopolitan sensitization, namely the market. I make the case for the market as an appropriate site for cosmopolitan sensitization, and further argue that multinational corporations are, for several reasons, well-positioned to bear the political responsibility of sensitizing affluent populations to the significance of their participation in a cooperative economic scheme shared with distant others. This paper, then, makes a novel contribution to debates on cosmopolitan sentiment, as well as to the emerging literature on corporations’ political responsibilities. Keywords: multinational corporations; political responsibility; reciprocity; sentimental cosmopolitanism; trade. (shrink)

A new advanced systems theory concerning the emergent nature of the Social, Consciousness, and Life based on Mathematics and Physical Analogies is presented. This meta-theory concerns the distance between the emergent levels of these phenomena and their ultra-efficacious nature. The theory is based on the distinction between Systems and Meta-systems (organized Openscape environments). We first realize that we can understand the difference between the System and the Meta-system in terms of the relationship between a ‘Whole greater than (...) the sum of the parts’ and a ‘Whole less than the sum of its parts’, i.e., a whole full of holes (like a sponge) that provide niches for systems in the environment. Once we understand this distinction and clarify the nature of the unusual organization of the Meta-system, then it is possible to understand that there is a third possibility which is a whole exactly equal to the sum of its parts that is only supervenient like perfect numbers. In fact, there are three kinds of Special System corresponding to the perfect, amicable, and sociable aliquot numbers. These are all equal to the sum of their parts but with different degrees of differing and deferring in what Jacques Derrida calls “differance”. All other numbers are either excessive (systemic) or deficient (metasystemic) in this regard. The Special Systems are based on various mathematical analogies and some physical analogies. But the most important of the mathematical analogies are the hypercomplex algebras, which include the Complex Numbers, Quaternions, and Octonions, with the Sedenions corresponding to the Emergent Meta-system. However, other analogies are the Hopf fibrations between hyperspheres of various dimensions, nonorientable surfaces, soliton solutions, etc. These Special Systems have a long history within the tradition since they can be traced back to the imaginary cities of Plato. The Emergent Meta-system is a higher order global structure that includes the System with the three Special Systems as a cycle. An example of this from our tradition is in the Monadology of Gottfried Wilhelm von Leibniz. There is a conjunctive relationship between the System schema and the Special Systems that produce the Meta-system schema cycle. The Special Systems are a meta-model for the relationship between the emergent levels of Consciousness (Dissipative Ordering based on the theory of negative entropy of Prigogine), Living (Autopoietic Symbiotic based on the theory of Maturana and Varela), and Social (Reflexive based on the theory of John O’Malley and Barry Sandywell). These different special systems are related to the various existenitals identified by Martin Heidegger in Being and Time and various temporal reference frames identified by Richard M. Pico. We also relate the special systems to morphodynamic and teleodynamic systems of Terrence Deacon in Incomplete Nature to which we add sociodynamic systems to complete the series of Special Systems. (shrink)

The theory is based on an original alternative space-time concept that leads to a new vision of the micro-cosmos and Universe. The relationship between the forces in Nature is unveiled by adopting the following framework: (1) Empty space without any physical properties and restrictions; (2) Two fundamental particles of superdense protomatter with parameters associated with Planck’s scale; (3) A Fundamental law of Supergravitation (SG) with forces inversely proportional to the cube of distance in a pure empty space. An enormous (...) abundance of these two particles, with vibrational energy beyond some critical level, can congregate into self-organized hierarchical levels of 3D formations, governed by the SG law. The process leads deterministically to creating space with quantum mechanical properties and a galaxy as an observable mattter. The fundamental SG law is behind the gravitational, electric, and magnetic fields and governs all kinds of interactions between the elementary particles in the space of the physical vacuum. Analysis of cosmological observations reveals that the galaxies possess their own cycle in which the elementary particles are formed at a hidden non-observable phase. The problem of departure of the Hubble plot from the predicted one is solved, showing that the redshift is not of Doppler origin. The conclusion is that the Universe is stationary and eternal. (shrink)

Theory of multiple thinking environments As there is a physical environment, there exists a psychological environment that governs many psychological processes including our thinking. This psychological environment is unique to each person and is framed in the initial few years since the child is born and represents the native environment of that person. This psychological environment is a collection of all those elements responsible for it to become a source of thought and maintain that thought for its life (...) class='Hi'>cycle. (In this context I am limiting this concept to explain the thinking process). Though the extensive list of parameters should include many parameters the collection basically should consists of values that are stored in the mind like memories, beliefs, feelings, perceptions and some unknown factors. One such unknown factor is a controlling factor which control values for a specific thinking environment. This psychological environment is mother for many Thinking environments. Mind is capable of creating, nurturing, sustaining, interacting and destroying multiple thinking environments from its native psychological environment resulting in to various thoughts, diminishing or strengthening, to fathom in to either memories or actions. Thinking environments are basically two types, reactive and neutral. Thinking environments are temporary i.e., they are mostly limited to a task or situation or condition etc. Neither psychological environment nor thinking environments have physical existence and every action by a person impacts his psychological environment. (shrink)

I will argue that MLS theory does not provide a complete, self- sufficient approach to theorizing about evolutionary transitions. As a formal, mathematical theory about evolution within a population, it presupposes but does not address the material structure of the population that realizes the model. An MLS model might tell us whether a cooperative trait could be- come fixed in a population, for example, but it won’t be able to explain how the cooperation actually works to produce an (...) adaptive effect on the group’s fitness. It also won’t be able to account for the sources of variety in the pos- sible modes of cooperation available to a population. MLS theory can tell us when fitness has transferred from one level of units to another, but it can give misleading answers unless we have some other, principled guide for picking out units (Clarke 2012; Clarke 2014). Furthermore, it is commonly acknowl- edged among biologists that actually measuring the fitness of an individual— sometimes even obtaining and interpreting proxy measurements—is diffi- cult in practice and prone to error (Hendry 2005; Orr 2009). Hence even if MLS theory were sufficient in principle, there would still be room for other approaches in practice that avoided the difficulties and limitations of depend- ing on fitness alone. (shrink)

The paper reviewed financial resources which is a critical factor and component of Business Process Re-engineering in achieving academic performance of higher education institutions in the Democratic Republic of Congo. The objective of the study is to examine whether financial resources can contribute to improving and achieving academic performance of higher education institutions in general and students in particular. The study used a systematic literature review and content analysis was to establish the relationship between financial resources and academic performance. (...) The key findings are grouped in three dimensions: 1) financial resources; 2) budget and funding/financial model; 3) tuitions fees, scholarship and loans provision. The study found consistent evidence to show that there is a significant and positive relationship between financial resources and performance of higher education institutions. The study concluded that higher education sector in the Democratic Republic of Congo needs a radical change and fundamental rethinking in improving educational budget processes to meet the needs of the institutions, provision of scholarship and loans processes to students mainly those from poor background and designing innovative financial/funding model to sustain educational institutions. The study is based on academic capitalism theory. The recommendations were made based on the findings of the study. -/- . (shrink)

Sumantra Ghoshal’s condemnation of “bad management theories” that were “destroying good management practices” has not lost any of its salience, after a decade. Management theories anchored in agency theory (and neo-classical economics generally) continue to abet the financialization of society and undermine the functioning of business. An alternative approach (drawn from a more classic institutional, new ecological, and refocused ethical approaches) is reviewed.

A standard framework for business ethics views the inquiry as an application of major ethical theories to specific issues in business. As these theories are largely presented as being principled, the exercise therefore becomes one of applying general principles to business situations. Many adopting this standard approach have thus resisted the implementation of the most prominent development in ethical theory in recent history: that of particularism. In this article, I argue that particularist thinking has much to (...) offer to business ethics and that standard resistance to particularist business ethics is based largely on misunderstandings. I do so by illustrating how the harbinger of particularism, W. D. Ross, countenances the practical wisdom of particularist ethics while being 1) invulnerable to standard objections to particularist business ethics and 2) compatible with the generalism of the standard approach. The Rossian business ethic is therefore one that the standard approach should be eager to include. (shrink)

Drawing on 49 oral-history interviews with Scottish family business owner-managers, six key-informant interviews, and secondary sources, this interdisciplinary study analyses the decline of kinship-based connections and the emergence of new kinds of elite networks around the 1980s. As the socioeconomic context changed rapidly during this time, cooperation built primarily around literal family ties could not survive unaltered. Instead of finding unity through bio-legal family connections, elite networks now came to redefine their ‘family businesses’ in terms of affectively loaded ‘family (...) values’ such as loyalty, care, commitment, and even ‘love’. Consciously nurturing ‘as-if-family’ emotional and ethical connections arose as a psychologically effective way to bring together network members who did not necessarily share pre-existing connections of bio-legal kinship. The social-psychological processes involved in this extension of the ‘family’ can be understood using theories of the moral sentiments first developed in the Scottish Enlightenment. These theories suggest that, when the context is amenable, family-like emotional bonds can be extended via sympathy to those to whom one is not literally related. As a result of this ‘progress of sentiments’, one now earns his/her place in a Scottish family business, not by inheriting or marrying into it, but by performing family-like behaviours motivated by shared ethics and affects. (shrink)

The purpose of this paper is to present the essence of Ayn Rand's theory of rational egoism and to indicate how it is the only ethical theory that can provide a foundation for ethics in business. Justice, however, cannot be done to the breadth and depth of Rand's theory in so short a space as this article; consequently, I have provided the reader with a large number of references for further study. At minimum, Ayn Rand's (...) class='Hi'>theory, because of its originality and challenge to establishment theories, should be included in all business ethics courses and discussions of business ethics. (shrink)

In this paper, I develop two philosophically suggestive arguments that the late Justice Stevens made in Citizens United against the idea that business corporations have free speech rights. First, (1) while business corporations conceived as real entities are capable of a thin agency conceptually sufficient for moral rights, I argue that they fail to clear important justificatory hurdles imposed by interest or choice theories of rights. Business corporations conceived as real entities lack an interest in their personal (...) security; moreover, they are incapable of exercising innate powers of choice. Second, (2) I argue that the structure and functionally individualized purpose of a business corporation—to increase value for its shareholders—undermines the implicit joint commitment necessary to derive corporate rights of free speech from non-operative shareholder-member rights. Since one cannot transfer innate moral rights such as free speech, any exercise of this right on behalf of another must be limited in scope. (shrink)

One of the central controversies in normative business ethics is the question whether transactions and economic relationships can be wrongfully exploitative despite being mutually beneficial and consensual. This article argues that anyone who accepts a shareholder theory of business ethics should accept deontological constraints on mutually beneficial, consensual exploitation.

A method of identifying banks’ business models and studying the features of their risk profile, considering the system of indicators featuring the structure of assets, liabilities, income, expenses, and other qualitative indicators based on monthly statistical reporting. Kohonen's self-organizing maps (SOM) are used to process large data sets, revealing objects’ hidden features by forming homogeneous groups according to similar values of a large system of indicators. The choice of the system of indicators that play the most significant role in (...) describing the business models of modern banks is substantiated. The proposed method makes it possible to group banks with homogeneous characteristics into so-called structural-functional groups and studies the change in the characteristics of groups of banks over time to compare their behavior during periods of active development of the system and during a crisis. That approach is useful for studying the banking system at the macro level, as it provides a quantitative measure of its financial stability. The more banks are in groups with negative values of parameters, increased risks, and unprofitable performance, the worse the general state of the system. The method also allows studying the features of each structural and functional group and the business models’ features at the meso-level. The number and composition of banks inherent in any group change dynamically, which characterizes the features of the relevant business model in a particular period. The averages of each group reflect the objective changes in the banking system structure. In addition, the SOM trajectory can be built for each individual bank determining the development of its strategy, features of a particular business model, and risk profile. At the micro-level, it allows comparing the features of individual banks within the SFGB and models ways to improve efficiency and financial stability by forecast values for SOM. An extensive system of indicators used to form structural and functional groups of banks allows to quickly respond to changes in the banking system, identify areas of increased risk and explore the adequacy and effectiveness of banks’ business models. (shrink)