The Concept of Fictitious Capital: Development in a New Reality

Olga V. Brizhak () and Zalina V. Khokhoeva ()

Economics of Contemporary Russia, 2022, issue 4

Abstract: The concept of fictitious capital, the foundations of which were laid by K. Marx in “Capital†, is in the center of attention of researchers at the present stage of development, since it has significant cognitive capabilities in revealing trends and results of deep and dynamic socio-economic transformations. Fictitious capital as a separate form of real capital, moving according to its own laws, receives powerful development impulses based on a breakthrough in the field of information and communication technologies and artificial intelligence. Realizing these impulses and consistently revealing the possibilities inherent in the idea of the emergence and separate development of reflected forms of economic relations, fictitious capital in the conditions of a new reality unfolds into a complex organic system endowed with its own contradictions and producing many effects, which is impossible to understand if one does not rely on an adequate concept to such a system fictitious capital. At the same time, the new reality, characterized by the interweaving of many unresolved problems generated and accumulated during the implementation of dynamic and profound transformations of social and economic life, causes the aggravation of the contradictions of the fictitious capital, indicating the need for their speedy resolution. Further development of the concept of fictitious capital involves the knowledge of many new facts carrying information about the contradictions of the movement of this capital, its effects and contradictions. The authors' research focuses on: the identification of the stem structure and branches of the concept of fictitious capital; the analysis of a number of these branches in connection with the main trends of the new reality; the disclosure of contradictions in the movement of fictitious capital, escalating in the conditions of the new reality; subjective forms of fictitious capital that arise during the formation of prerequisites for a promising knowledge society. The article contains recommendations for the modernization of the state regulation of the movement of fictitious capital. The results obtained by the authors belong to one of the new directions of interdisciplinary scientific research, which determines the novelty and controversial nature of the provisions, conclusions and recommendations presented in the article. In the process of research, cognitive resources of a number of scientific theories we used: scientific theories of capital; socio-economic transformations; new reality; subjective forms of socio-economic relations.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ecr-journal.ru/jour/article/viewFile/813/493 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ack:journl:y:2022:id:813

DOI: 10.33293/1609-1442-2022-4(99)-7-17

Access Statistics for this article

More articles in Economics of Contemporary Russia from Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences
Bibliographic data for series maintained by Ð ÐµÐ´Ð°ÐºÑ†Ð¸Ñ ().