Resiliency as a criterion of stability economic system
The subject of this article is the problem of instability of the functioning of the economic system. The evolution of approaches of economics to the analysis of cyclical economic development is considered. At the same time, the emphasis is on modern approaches to assessing the ability of the national economy to neutralize external shocks. This possibility is evaluated through the prism of the economic category "resiliance of the economic system". To apply the concept of resiliance as a criterion for assessing the stability of the economic system, the existing approaches to the definition of this category are considered - from the standpoint of vitality and from the standpoint of viability. The authors conclude that assessing the resilience of the economy from the standpoint of vitality, i.e. the ability to withstand some negative impact, greatly reduces the value of such an analysis (especially at the meso- and macro-level) carried out in order to form recommendations in the field of state economic policy. This is due to a number of negative characteristics that can significantly worsen the goal-setting of the state economic policy. At the same time, the analysis of resiliance from the perspective of the viability of the economic system makes it possible to exclude the conflict of economic policy goals, allows to verify the indicator of the resistance of the economic system and, as a result, to identify the factors determining the resistance of the economic system.