Book
17th Annual Conference of the European Society for the History of Economic Thought. ESHET
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The modern concept of modernizing Russia somehow reproduce the history of the theory of innovation. The theory of innovation in its development has gone through a least 3 stages. In the first phase (1910 - first half of the 40s) to the forefront issues of understanding the nature of innovation and their role in the development of society over time (long, medium and short periods), the relationship of innovation and long cycles conditions. This period is associated with the names of J.A.Schumpeter, M.I.Tugan-Baranovsky and N.D. Kondratieff. The second stage in the development of innovation theory (second half 1940 - first half of the 1970s) is characterized by the increased role of macroeconomic analysis, in turn, he has at least two substages: the first of which was dominated by the ideas of neo-Keynesians, on the second-neoclassical. The third stage of development of the theory of innovation began in the mid-1970s and proldolzhaetsya to the present. It is characterized by an offensive alternative approach to macroeconomic theory. With a certain degree of conditionality is also possible to distinguish two substages. The first (second half of the 1970s - early 1990s) is characterized by the emergence of new ideas drawn from evolutionary theory, institutionalism (the theory of the firm) and management (innovation management). In the second substage (mid 90s) innovations studied by the methods of systems analysis. The authors are increasingly focused on issues of comparative studies: a comparative analysis of innovation policy in different countries, study the ways and means of forming an effective innovation systems. In the report it is critically considered not only the official point of view, but also M. Porter, K. Ketels work “Competitiveness at the Crossroads: Choosing the Future Direction of the Russian Economy”. Also «The forecast of innovative, technological and structural dynamics of Russian economy till 2030» and RAND Corporation report “The Global Technology Revolution 2020: Trends, Drivers, Barriers, and Social Implications” are analyzed. In this paper institutional preconditions and possibilities of application of the concept of social market economy in the 21st century Russia were analyzed. Basic elements of social market economy are personal liberty, social justice, and economic efficiency.
This book is a coherent and unique collection of chapters exploring the reception and diffusion of David Ricardo’s writings in different languages. It highlights the similarities and differences between them and seeks to delineate the diffusion of Ricardo’s theory in various parts of Europe and Japan. While there may have been case studies about the reception of Ricardo’s thoughts for several countries, there has not yet been a systematic study of the diffusion process under consideration as a whole. This book caters to all scholars dedicated to the history of economic thought and to students who are interested in learning about the peculiarities of the evolution of economic theories in different countries. This book is the first of its kind, with no known predecessor, and it aims to shed light on how and why some of Ricardo’s writings were picked up and why others were not.
Cataclysms of the twentieth century enabled to speak about the cultural paradigm shift: the New Middle Ages began to crystallize. In this paper the rethinking process (mainly in economic but also philosophical discourse) of the meaning of labour is sketched. The importance of noneconomic sense of labour (which can be understood as Service) has been realized even in some branches of political economy. Self-centred homo economicus is regarded as secondary to unselfish homo faber. Different reasons of standing for this ideal are outlined.
Written on the occasion of the 50th anniversary of the publication of Piero Sraffa's Production of Commodities by Means of Commodities, the papers selected and contained in this book accounts for the work completed around the two central aspects of his contribution to economic analysis, namely the criticism of the neoclassical (or 'marginalist') theory of value and distribution, and the reconstruction of economic theory along the lines of the Classical approach. Divided into three volumes, the book debates the most fruitful routes for advancements in this field and their implications for applied and policy analysis. The third volume collects papers concerning the interpretation of Sraffa's contribution, its relation with other streams in economic thinking, methodological debates and the history of economic thought or the evolution of his views both in general and on specific themes.
Book of abstracts which were represented at the Forum as the reports.
Yakov Alexandrovich Novikov - Russian sociologist and economist, and businessman.
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.