Modernisation of the Economy: Technologies vs Humans

Lyudmila M. Borshch
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Lyudmila M. Borshch: Crimean Federal University named after V.I. Vernadsky

Journal of New Economy, 2018, vol. 19, issue 3, 42-54

Abstract: The paper studies a relevant scientific and practical problem of economic theory and puts forward a hypothesis based on the origin of theory of the rationality and irrationality without violating the golden ratio theory. The author provides an analytical review of theoretical approaches of Russian and foreign economists on the problem brought into focus, which allowed identifying theoretical, methodological and applied aspects to determine the directions for the government strategy of planning socioeconomic development. The article offers an assessment of an academic discussion about the conditions for chang? ing the model economic development, modernisation of the economy with the transition to the plat? forms of the first and second generation, further referred to as ecosystems. The paper reveals principal distinctions of the theoretical arguments of the proponents of digital technologies and their opponents. The author analyses the arguments about the impact on the change of the driving forces with the aim to correct the methods of the government policy and choice of the vector of technological processes. Finally, the paper considers the issue of macroeconomic theory correlation in an evolutionary sense, which goes beyond the known principles of the economic thought of digital transformation. A review of the theo? retical approaches to the problem under study will allow a more accurate determination of their control functions while effecting digital transformation.

Keywords: technological process; rationality; irrationality; the golden ratio; digital economy; cor? relation coefficient (search for similar items in EconPapers)
JEL-codes: B40 F63 O33 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:url:izvest:v:19:y:2018:i:3:p:42-54

DOI: 10.29141/2073-1019-2018-19-3-5

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