Discussion about development of market economy

Yakov Semenovich Yadgarov, Viktor Aleksandrovich Sidîrov and Valentina Vasil’evna Iljinova
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Yakov Semenovich Yadgarov: Financial University under the Government of the Russian Federation, Moscow, Russia
Viktor Aleksandrovich Sidîrov: Kuban State University, Krasnodar, Russia
Valentina Vasil’evna Iljinova: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2017, issue 5, 88-102

Abstract: The paper presents a spectrum of viewpoints of Russian and foreign scientists concerning the evolutionary aspects of the development of market economy. A modification of basic concepts is shown; an analysis of the economic theory development is made. The relationship between the role of the state and the market mechanisms is examined, and the development of market institutes is considered. Within the interdisciplinary approach an assessment of the modern economic phenomena and processes is made. Prospects for the development of Russia's innovation system are outlined. The process approach to the market economy realities is demonstrated. Forecasts of the consequences of further enhancement of anti-Russian sanctions and changes in oil prices are made. Current issues in the economy and society are stated, and an original vision of ways how to address them is proposed.

Keywords: Phenomenon of market economy; market institutes; socially-oriented market economy; fractal nature of economy; intellectual risk management; economic sanctions; Russian innovation system; economic safety; shadow relations in the sphere of pricing; international financial relations. (search for similar items in EconPapers)
Date: 2017
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