The paper considers the contribution of Richard Thaler, Nobel Memorial Prize in Economic Sciences winner — 2017, to contemporary behavioural economics as an independent area of economics research. It covers the interactions of behavioural economics with experimental and empirical research, and the use of behavioural models to explain various phenomena of individual decisions, group interactions, financial market behaviour etc. Specific attention is paid to the practice of behavioural "nudging" and its methodological foundations (libertarian paternalism), as well as the role and place of behavioural research in modern economics in general.
The roundtable took place on May 18, 2018 within the International forum MARX-XXI in commemoration of Karl Marx 200th birth anniversary. The event gathered leading Russian economists representing Lomonosov Moscow State University, Higher School of Economics, Financial University, Russian Academy of National Economy and Public Administration. The participants of the round-table assessed the role of Karl Marx’s heritage studies in the intellectual development of contemporary Russian economists, shared their personal experience in Karl Marx’s “Capital” studies during the special seminar at the economic faculty of Moscow State University, determined the most challenging problems of today, which were raised by Marx, and presented their recommendations on Karl Marx’s works studies in Russian universities.
The fall in the oil prices from mid-2014 is causing a decrease in domestic demand and a strong devaluation of the ruble, which in turn promotes the growth of the price competitiveness of Russian producers, stimulates supply side of the economy (especially in foreign markets, where there is no recession), and thus creates, the possibility of the offsetting of the fall in domestic demand due to the growth of net exports. However, as the analysis of the economic literature, the world experience and current Russian economic trends demonstrates, the joimt impact of the oil prices and ruble devaluation on the growth rates of the Russian economy, with all its structural problems, can lead to a much more severe recession than expect in their forecasts (as of the end of September 2015) majority of experts.
Over the quarter of century that has passed since the beginning of the market reforms, Russia managed to gain a more solid stance in the global economy. However, during that time Russia could not completely abandon archaic social forms like those of power-and-submission or “limited access order” as in the D.North’s concept. The article analyses how the social patterns, replicating themselves, limit the opportunities for the transition to the new stage of economic development that does not predominantly rely on the access to the oil-and-gas or administrative rent, but the one that is based on productivity and efficiency growth.