Economic System Tolerance as Admissibility Range

Economic systems operate within tolerance ranges defined by institutional rules, resource constraints, and behavioural dynamics. Traditional economic analysis focuses on equilibrium states, market efficiency, and cyclical adjustment mechanisms. This paper interprets economic stability through the admissibility framework of the Paton System. Within this interpretation, an economic system remains viable only while its state variables remain within an admissible tolerance region defined by institutional, financial, and material constraints. Economic crises occur when system trajectories exceed these tolerance limits, forcing structural correction or systemic collapse. Economic tolerance therefore represents the admissible operating envelope within which markets, institutions, and production networks can function without destabilising the broader system.