Digital and Institutional Methods for Technological Development Acceleration

Abstract

The article considers a digital method for dynamical optimization of technological development. It provides the results of its field and imitative trials. It is validated that the use of the method results in doubling of the economic development rate at all other conditions being equal. The opportunity for the dynamic optimization of development under total uncertainty of the future is shown. Reference points for such development are rationalized. The theoretical base of the method for dynamic optimization of technological development is considered. The authors demonstrate that it is based upon the quantitative value of the technological quality of man–machine systems. Its use has helped to diagnose one hundred percent of the US domestic crises for the last 47 years 1–2 years before their outbreak. The article gives reasons for the growth of the technological development rate should be supported by the most important economic institution—its monetary system. Further, it is proved that the modern institution of money circulation has depleted its opportunities. It is shown that the transition to the dual currency monetary system will facilitate its positive transformation. The authors provide reasoning that money with the permanent purchasing power should be used in such systems alongside the traditional fiduciary money. They should be used in place of gold but without the disadvantages of the latter. The improved institution of monetary circulation is considered as the method for acceleration of technological development. The article points out that the use of digital methods will allow eliminating weak, faulty, and self-interested human solutions at the selection of innovative development projects.