SFEcon embodies a process whereby economic systems emerge from chaos into a steady state. Our algorithm subsumes operation of a tendency for marginal revenues to approach marginal costs throughout the economic system; and we cannot imagine another general tendency by which economics might control the objective demonstrata that a genuine science should expect of itself.
Setting out the notion of a general economic optimum is most easily accomplished in terms of some sort of physical input/output context. SFEcon's general matrix structure is introduced in order to create such a context, which, sadly, is certain to be unfamiliar for reasons that will not be apparent until our entire edifice has taken shape. Our matrix is however quite serviceable for our peculiar computation of the general equilibrium prices that are an aspect of anyone's notion of general optimality.
We will offer an argument to the effect that a physical input/output balance and its attendant equilibrium prices are not sufficient criteria to uphold a steady economic state. We then proceed to a familar specification of the general optimum (in terms of our non-standard matrix structure) in order to establish our notion of sufficieny in this regard.