Chapter 1. Development of economic thought of the students during lessons on world economy

2016 ◽  
pp. 3-14
Author(s):  
E. L. Aleksandrov
Keyword(s):  
World Economy ◽  
Economic Thought

scholarly journals False Dawn

1998 ◽  
Vol 15 (3) ◽  
pp. 138-144
Author(s):  
Mohamed Aslam Haneef
Keyword(s):  
World Economy ◽  
Free Market ◽  
Economic Thought ◽  
Oxford University ◽  
Democratic Capitalism ◽  
The World ◽  
Natural Counterpart ◽  
John Gray ◽  
To Come ◽  
Current Financial Crisis

The natural counterpart of a free market economy is a politics of insecurity.If 'capitalism' means 'the free market,' then no view is moredeluded than the belief that the future lies with 'democratic capitalism'.... the free market cannot last in an age in which economic securityfor the majority of people is being reduced by the world economy... a reform of the world economy is needed that accepts a diversity ofcultures, regimes and market economies as a permanent reality.No one would blame the reader of the above paragraph from jumping to the conclusionthat they were reading the words of a defunct socialist critique or even of a rantingleader of some East Asian nation devastated by the current financial crisis. Criticism doesnot necessarily have to come from without. The fact that Western economic thought haswithin its fold a spectrum of views and schools of thought should make us realize thatself-criticism also has been a very important factor in the evolution of Western economics.In this very timely book, John Gray, Professor of Politics at Oxford University and a formerinsider to the (now subsiding) current wave of the New Right, presents the followingcentral thesis: the dynamics involved in the process of globalization, which is technolog ...

French Regulationists on the Financial Dominance in the Modern Economy

2008 ◽  
pp. 46-59
Author(s):  
A. Odintsova
Keyword(s):  
Financial Crisis ◽  
Economic System ◽  
Financial Market ◽  
World Economy ◽  
Institutional Analysis ◽  
Modern Society ◽  
Economic Thought ◽  
Modern Economy ◽  
The World ◽  
Institutional System

The ongoing financial crisis has attracted economists’ attention to the problem of explaining its nature and offering ways of overcoming it. French regulationism is analyzed in the article as a school of economic thought developing its own approach to the institutional analysis of systemic qualities of the world economy. The article considers French regulationists’ views on the contemporary tendencies in the development of financial sector, on the changes in its role in the global institutional system of a modern society. It is shown how evolution of pension funds has led to prevalence of logic of the financial market in the global economic system, which resulted in the inevitability of the financial crisis.

CONTRIBUTION OF RUSSIAN SCIENTIFIC THOUGHT TO THE THEORY OF ECONOMIC CRISES

2020 ◽  
Vol 2 (8) ◽  
pp. 4-10
Author(s):  
G. A. SHCHERBAKOV ◽  
Keyword(s):  
World Economy ◽  
Economic Thought ◽  
Economic Science ◽  
Economic Decline ◽  
Economic Cycles ◽  
Russian Scientific ◽  
Crisis Theory ◽  
Separate Area ◽  
The World ◽  
Xix Century

In the first quarter of the XIX century. the world economy was faced with a series of new periodically emerging economic phenomena - with crises of overproduction, which did not resemble the crisis shocks that shook the world economy in previous periods. The latter, as a rule, were associated with problems of the balance of payments that arose in the context of long-term wars, as well as as a result of crop failures, epizootics, or mass epidemics that undermined the normal economic rhythm. New crises, however, were not exclusively financial in nature; they arose in peacetime in a dynamically developing economy that outwardly did not show any tendencies towards economic decline. The emerging conditions for running the economy demanded a serious analysis on the part of economic science, which over time transformed its developments in this area into a separate area of economic theory that studies the dynamics and patterns of development of economic cycles (cycle theory) and considers crises as an integral part of the specified dynamics (crisis theory). This article examines the contribution of Russian economic thought to the formation and development of the theory of crises, which has been noted in this area by a number of serious achievements that have had a noticeable impact on further research in this area.

From New Liberalism to Neoliberalism

2017 ◽  
Author(s):  
Tamotsu Nishizawa ◽  
Yukihiro Ikeda
Keyword(s):  
Nobel Prize ◽  
World Economy ◽  
Economic Thought ◽  
Economic Research ◽  
Welfare Regime ◽  
Business World ◽  
Social Liberalism ◽  
Research Institute

The chapter explores the intellectual background of the shift toward neoliberal policymaking in Japan. There existed a variety of New Liberal and neoliberal traditions in the Japanese economic thought, which meant the transition from one welfare regime to the next did not necessarily rest on imported ideas. The chapter describes New Liberalism and social liberalism between the wars and the intellectual basis of the postwar welfare regime (focusing on Fukuda, Ishibashi, and Ueda). It then describes the New Liberalism and neoliberalism in the postwar business world (focusing on Keizai-doyukai, the Japan Economic Research Institute, and the Institute of World Economy). The chapter describes the rise of neoliberalism, first under the radar, then explicitly after the mid-1970s (when Hayek won the Nobel Prize), focusing on Nishiyama.

The International Trade Order—Performance and Challenges

2018 ◽  
Author(s):  
Bernard Hoekman
Keyword(s):  
International Trade ◽  
World Economy ◽  
Spillover Effects ◽  
Trade Agreements ◽  
Trade Policies ◽  
Economic Policies ◽  
The Core ◽  
The World ◽  
The Usa

The World Trade Organization constitutes the core of the international trade order. It provides a framework for nations to address the negative spillover effects of trade policies and for subsets of countries to engage in deeper integration of markets through preferential trade agreements. Chapter 1 examines how the trade order has been successful in supporting economic growth of developing countries and accommodating the reintegration of China into the world economy. It now confronts the challenge of managing the consequences of success, including disagreements between major trading powers, especially China and the USA, regarding the balance of rights and obligations and the effects of “behind-the-border” economic policies.

Economist Nikolai Voznesensky and his contributions to USSR victory in the second world war

2017 ◽  
pp. 485-505
Author(s):  
Ivan Pajovic
Keyword(s):  
Soviet Union ◽  
World Economy ◽  
Second World War ◽  
Economic Thought ◽  
National Defense ◽  
World War ◽  
The Soviet Union ◽  
Economic Expert ◽  
History Of ◽  
Second World

The paper is a retrospective presentation of the work of Nikolai Alekseevich Voznesensky - an economist, scientist and economic activist who was notable for his work on the law of value, market and profit in socialism. This work examines the significance of its impact on the economy of the Soviet Union before and especially during the Second World War. The paper presents the quantifiers of the development of the Soviet Union before the war, and data that are significant for the course of the war and the Soviet victory. Voznesensky as an economic expert and a state official was a key figure in the evacuation of the Soviet economy and its reestablishment for the purpose of national defense and the final victory over the German aggressors. His great merit for the final victory of the Soviet Union is undeniable, perhaps even crucial. Although undoubtedly meritorious, he underwent repression and was executed under unclear circumstances circumstances. Although he was a Marxist economist with socialist views of economic activity, Voznesensky is unjustly neglected figure in the history of the world economy and economic thought.

scholarly journals Is Contemporary Tourism Only a Neoliberal Manipulation?

2017 ◽  
Vol 3 (1) ◽  
pp. 59-66 ◽  
Author(s):  
Duško Pavlović ◽  
Mladen Knežević
Keyword(s):  
World Economy ◽  
Economic Thought ◽  
The Other ◽  
Modern World ◽  
Tourist Industry ◽  
Philosophy Of Life ◽  
Other Hand ◽  
Modern Capitalism ◽  
The World ◽  
Basic Features

Abstract Increased number of tourists traveling abroad has been on a steady rise for several decades. However, an explosion of tourist travel can be followed from the end of the 1960’s. This trend largely coincides with the development of the neoliberalist form of capitalism in the world. Therefore, modern tourism, in many ways, can be seen as the product of neo-liberal phase of the development of modern capitalism. This trend is not seen only as a result of neo-liberal phase in the development of the modern world economy. This is a trend for mindedness itself. One of the most important rules that underlie the contemporary neoliberal thought is the rule of market. It seems that this neoliberalist rule in the tourist industry has reached its peak. The market in tourism regulates not only goods production, but it fully regulates the lives of people involved in tourism. Consumers of tourist products are not aware of manipulation, they are even grateful for the manipulative activities of which thay are object. On the other hand, many tourists themselves are part of the general neoliberal mentality. Many tourists not only accept the rules, but are also deeply involved in their implementation and enforcement. The paper will make an overview of some of the basic features of neoliberalism as economic thought and philosophy of life and connect it with contemporary trends in tourism.

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