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Academic effectiveness of Russian higher economic schools

TERRA ECONOMICUS, , Vol. 12 (no. 1),
p. 13-27

In recent years, competition among Russian higher economic schools increased. To establish the results of this competition, the article suggests a special academic ranking designed to determine the effectiveness of research activities of Russian universities, based on the account of their publications in leading economic journals of the country. The ranking is made for the period from 2010 to 2012. Verification of the stability of the ranking is made. A model of the universities’ success is revealed

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Hedonistic culture and global crisis

TERRA ECONOMICUS, , Vol. 12 (no. 1),
p. 28-40

The goal of the paper is to analyze the role of economic culture as a factor of global crisis. Author shows that contemporary capitalism’s culture should be defined as a hedonistic culture, and such one may lead to the crisis tendencies. The point is that hedonistic culture promotes financial fragility, distorts valuation of future time – in particular, stimulates investor myopia – and generates rising opportunism.

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The North Caucasus needs a modern economy!

TERRA ECONOMICUS, , Vol. 12 (no. 1),
p. 6-12

Objective study of the problems of the North Caucasus reveals that most of them are generated by current state of the economy of this Russian region. This means that the North Caucasian economy for a long time will compel attention of domestic and foreign economist, political scientist and sociologists.

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