Модернизация XXI в.: синтез рынка и раздатка
This book explores the history of the Arzamas, famed as a literary circle, whose interests extended far past literature. In my book I argue that Arzamas members sought liberalization of the Russian state. At its most visionary, the Arzamas project called for the creation of a Pan-European federal system, based on a constitutional form of government in each state. This new political system, as I reconstruct it in my book, was supposed to touch practically every sphere of statecraft, foreign relations, politics, language, and culture. My study, in short, is an attempt to recover the major cultural consequences of this political program. This work is considered to be the first monograph where Arzamas literary program was reconstructed in all its aspects – political, social, aesthetic, and religious.
The authors investigate behavioural assumptions underlying the normal performance of market economy. It is assumed that a model of man adequate for market economy can be deduced from the ideal-typical properties of the latter. The main components of such model are rationality and morality. Main ethical categories relevant for market economy are analyzed: trust, justice, equality, virtues, freedom as well as their treatment in modern economics. Behavioural properties specifi c for modern Russian economy are discussed.
The chapter provides an historical account of changing ideas about the role of state in an economy, reveals cycles and general trend of these changes from mercantilism to recent days, specific features of contemporary scientific and ideological discussions in this area.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.