SFeDu
of.211, Gorgoko St., 88 
Rostov-on-Don
Russia
344002
+7 (863) 250-59-54
This email address is being protected from spambots. You need JavaScript enabled to view it.
te@sfedu.ru

TERRA ECONOMICUS

Political economy and economic policy. Market. State. Society

TERRA ECONOMICUS, , Vol. 14 (no. 1),

The article reveals the peculiarities of the foundations of social and economic policy on the basis of political and economic approach to the analysis of economic practices. Highlighted by the authors potential uses of political economy for Russia’s development strategy may be applicable to other countries, given the fact that the Russian system is one of the typical examples of the semi-peripheral-type of late capitalism economy and one of the important players in the BRICS group of countries, unlike other members of this union have a number of peculiarities. The authors deduce the need for systemic social and economic policy from the production relations system, key units of which are relations of coordination (the system of resource allocation), property relations, the relationship of reproduction and the block of the social parameters of the economy. Particular attention in the article is given to policy measures in the field of two blocks of production relations system - the relations of coordination, manifested in the ratio of market and planned regulation, and property relations. The article shows that in the field of socio-economic policies all seem narrow professional and even technical issues ultimately rest on the fundamental social problems. Argued that a strict «binding» of the basic units of social and economic policy to the production relations system structure will make economic policy more comprehensive and effective. The importance of integrity and systemic social and economic policy is emphasized in the article, as the inconsistency of the economic, financial, social, and so on state policy and Russia the dominance of short-term measures of financial policy actually presented in modern Russiam economy negates all other efforts of the state, even if they were aimed at the positive objectives. The authors also stress the importance of the question of what economic actor’s interests are expressed by one or the other economic policies, and provide their possible answer to this question.


Keywords: political economy; government economic policy; strategy for the development of Russia; the relationship of government socio-economic policy and the structure of production relations system; late capitalism; «Capital» of K. Marx

References:
  • Buzgalin A. (2015). Classical political economy: the way to universities. Voprosy politicheskoy ekonomii, no. 1, pp. 8–23. (In Russian.)
  • Buzgalin A.V., Bulavka L.A. and Linke P. (eds.) (2011). Lenin online: 13 professors about V.I. Ulyanov-Lenin. Moscow: LENAND, 560 p. (In Russian.)
  • Buzgalin A.V. and Kolganov A.I. (2014a). Russian economic system: Some of the results of “reforms”. Problemy Teorii i Praktiki Upravleniya, no. 8, pp. 8–19. (In Russian.)
  • Buzgalin A.V. and Kolganov A.I. (2014b). Russian economic system: Specifics of the market and its corporate and government regulation. Problemy Teorii i Praktiki Upravleniya, no. 9, pp. 8–16. (In Russian.)
  • Buzgalin A.V. and Kolganov A.I. (2014c). Russian economic system: Specifics of ownership relations and internal corporate governance. Problemy Teorii i Praktiki Upravleniya, no. 10, pp. 8–17. (In Russian.)
  • Buzgalin A.V. and Kolganov A.I. (2015a). Global capital. In 2 vols., vol. 1. Methodology: On the other side of positivism, postmodernism and economic imperialism (Marx reloaded). Moscow: LENAND Publ., 640 p. (In Russian.)
  • Buzgalin A.V. and Kolganov A.I. (2015b). Global capital. In 2 vols., vol. 2. Theory: The global hegemony of capital and its limits (“Capital” reloaded). Moscow: LENAND Publ., 912 p. (In Russian.)
  • Buzgalin A., Kolganov A. and Shukhtin A. (1985). Becoming a planned organization of socialist production. Tomsk: Tomsk State University Publ., 209 p. (In Russian.)
  • Buzgalin A., Traub-Merz R. and Voeykov M. (eds.) (2014). Income inequality and economic Growth: An exit strategy from the crisis. Moscow: Kul’turnaya Revolyutsiya, 406 p. (In Russian.)
  • Bukreev V. and Rudyk E. (2005). Privatization in Russia: Past and thoughts, or Who is to blame and what to do? Al’ternativy, no. 2, pp. 112–129. (In Russian.)
  • Bukreev V., Rudyk E. (2008). Is there a future state ownership (to the XX-th anniversary of the radical “restructuring”). Alternativy, no. 4, pp. 67–91. (In Russian.)
  • Bukreev V. and Rudyk E. (2015). Imperative paradigm shift transformation of forms and property relations: possible alternatives. Alternativy, no. 2, pp. 72–104. (In Russian).
  • Bulavka L.A. (2013). Soviet culture as an ideal of the USSR. Culture. Power. Socialism. The contradictions and challenges of cultural practices of the USSR. Moscow: LENAND Publ. (In Russian.)
  • Bulavka-Buzgalina L.A. (2015). Soviet Culture: a vector of “razotchuzhdenie” (philosophical discourse). Filosofiya khozyaystva, no. 4, pp. 161–168. (In Russian.)
  • Kleyner G.B. (2013). System economy as the platform of the development of modern economic theory. Voprosy ekonomiki, no. 6, pp. 4–28. (In Russian.)
  • Kleyner G.B. (2015). The stability of the Russian economy in the mirror of system economic theory. Part 1. Voprosy ekonomiki, no. 12, pp. 107–123. (In Russian.)
  • Kleyner G.B. (2016). The stability of the Russian economy in the mirror of system economic theory. Part 2. Voprosy ekonomiki, no. 1, pp. 117–138. (In Russian.)
  • Klein N. (2003). No Logo. Taking Aim at the Brand Bullies. Moscow: Dobraya Kniga, 624 p. (In Russian.)
  • Kulikov V.V. (1972). About transitional forms under capitalism. Vestnik of the Moscow State University. Ser. Ekonomika, no. 1. (In Russian.)
  • Kulikov V.V. (1978). The formation of socialist relations of production: Essays on the theory and methodology. Moscow: Moscow University Publ., 183 p. (In Russian.)
  • Kulikov V.V. (1984). Formation of socialism and the “socialization of production in practice” (Preprint of the report). Moscow: Institute of Economics of the Academy of Sciences of SSSR. (In Russian.)
  • Lenin V.I. (1969). Imperialism, the Highest Stage of Capitalism / Lenin V.I. Full. cit. op., vol. 27. Moscow: Izdatelstvo Politicheskoy Literatury Publ. (In Russian.)
  • Mamedov O.Yu. (2015). Ten classical principles of political-economic analysis. Voprosy politicheskoy ekonomii, no. 1, pp. 38–47. (In Russian.)
  • Mamedov O.Yu. and Brizhak O.V. (2013). Modern corporation in the coordinates of the classical political economy. Terra Economicus, vol. 11, no. 4/3, pp. 5–9. (In Russian.)
  • Marx K. (1960). Capital, vol. I / Marx K. and Engels F. Works, vol. 23. Moscow: Izdatelstvo politicheskoy literatury Publ. (In Russian.)
  • Mezhuev V.M. (2009). Socialism – space of culture. Socialism-21. 14 texts of the PostSoviet School of critical Marxism. Moscow: Kulturnaya Revolyutsiya. (In Russian.)
  • Musto M. (2013). Once again, Marx’s concept of alienation. Alternativy, no. 3, pp. 37–61. (In Russian.)
  • Oleynik A. (2011). Power and market. The system of social and economic domination of the Russian “zero” years. Moscow: Rossiyskaya Politicheskaya Entsiklopediya, 440 p. (In Russian.)
  • Porokhovskiy A.A. (2012). Political economy – the foundation and core of economic theory. Ekonomist, no. 1, pp. 61–73. (In Russian.)
  • Porokhovskiy A.A. (2014). Civilizational importance of political economy. Vestnik Moskovskogo universiteta. Seriya 6. Ekonomika, no. 4, pp. 43–55. (In Russian.)
  • Rudyk E. (2013). Nationalization, socialization, democratization of power (to the problem). Alternativy, no. 1, pp. 92–100. (In Russian.)
  • Ryazanov V.T. (2015). Capitalism and Crises: The formation and development of political and economic approach. Voprosy politicheskoy ekonomii, no. 1, pp. 48–63. (In Russian).
  • Slavin B.F. and Aitova G.Sh. (eds.) (2015). Democratic left project: In search of updates. Moscow: Kul’turnaya Revolyutsiya, 320 p. (In Russian.)
  • Tapscott D. and Williams A. (2009). Wikinomics: How Mass Collaboration Changes Everything. Мoscow: Best Business Books, 392 p. (In Russian.)
  • Tirole J. (2000). Markets and market power: The theory of industrial organization. In 2 vols. Saint Petersburg: Ekonomicheskaya Shkola Publ., vol. 1 – 376 p., vol. 2 – 456 p. (In Russian.)
  • Tsagolov N.A. (ed.). (1973). The course of political economy, vol. I. Moscow: Ekonomika Publ., 831 p. (In Russian.)
  • Feller J., Fitzgerald B., Hissam S. and Lakhani K. (eds.) (2007). Perspectives on Free and Open Source Software. Cambridge, Massachusetts, L., England: The MIT Press, 570 p.
  • Fukuyama F. (1995). Trust: The Social Virtues and the Creation of Prosperity. N.Y.: Free press Paperbacks, 480 p.
  • Greider M. (1997). One World, Ready or Not. The Manic Logic of Global Capitalism. N.Y.: Simon & Schuster, 528 p.
  • Jameson F. (1991). Postmodernism, or the cultural logic of late capitalism. Durham: Duke University Press, 461 p.
  • Kristof N. (2011). Crony Capitalism Comes Home. The N.Y. Times, October 27, (http://www.nytimes.com/2011/10/27/opinion/kristof-crony-capitalism-comes-homes.html?_r=1).
  • Mandel E. (1975). Late capitalism. London: Humanities Press, 599 p.
  • Ollman B. (1976). Alienation: Marx’s Conception of Man in Capitalist Society. Cambridge: Cambridge University Press.
  • Samuelson P. and Nordhaus W. (1985). Economics. N.Y.: McGraw-Hill, 950 p.
  • Samuelson P. and Nordhaus W. (2001). Economics. N.Y.: McGraw-Hill, 950 p.
  • Singh A. and Zammit A. (2006). Corporate Governance, Crony Capitalism and Economic Crises: Should the US business model replace the Asian way of “doing business”? Corporate Governance: an International Review, vol. 14, no. 4, pp. 220–233.
  • Stiglitz J. (2002). Crony capitalism American-style. Project Syndicate, February (http://www.project-syndicate.org/commentary/stiglitz11/English).
  • Stiglitz J. (2006a). Give Prizes Not Patents. New Scientist, Sept. 16, p. 21.
  • Stiglitz J.E. (2006b). Scrooge and Intellectual Property Rights: A Medical Prize Fund Could Improve the Financing of Drug Innovations. British Medical Journal, vol. 333, pp. 1279–1280. doi:10.1136/bmj.39048.428380.80.
  • Wei Sh.-J. (2001). Domestic Crony Capitalism and International Fickle Capital: Is There a Connection? International Finance, no. 4, pp. 15–45.
Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606