Economics in Context: The Need for a New Textbook
The theoretical contribution to the economics and statistics of these eminent scientists (academician Yu.V. Yaremenko, prof. B.S. Yastremsky, M.A. Bouniatian) and their intellectual biographies (with unknown features) are resurrected and described.
The collection of articles on the economy on theoretical topics, including on the history of economic science and methodology, is published.
The thirty second issue of the collection includes two sections: «Theoretical problems of economics and institutional reforms» and «Applied problems and practice of institutional reforms in Russia
http://The chapter provides methodological analysis of applied economic knowledge, and its relationships with theoretical knowledge. Stages in the history of these relationships, as well as specific features of applied economics are identified. A survey of international ex5 periences of the application of economic modeling in policy5making is added to exemplify organisational problems in the field of applied economics
This chapter takes us to another case of institutional and field turmoil: high Stalinism after World War II. The Blockade of Leningrad had claimed more than one million victims and disrupted the work of economists, especially those at Leningrad State University. Adjusting to post-war life was its own challenge, but by 1948, the Leningrad Affair heralded a new wave of Stalinist repression aimed at Leningrad elites who led the city through the wartime Blockade. Part of this dynamic took place in public “discussions” as a tool to discipline economists and professors to make sure their “science” did not challenge the authority of elite or ideology. The threat to power, it seemed, was local-level fields: a profession grounded in the search for Truth and intimately linked to Marxism-Leninism, an institution (the university), and “science” as practice and identity that was supposed to transcend social reality. High Stalinism was not only a matter of a suspicious elite rooting out competition; it had a complex dynamic that ran through combinations of institutions that, in this case, came together in the university.
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.