Irrational Form of a Scientific Product in Modern Economy

Patlatoy Oleksandr Ye. ()
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Patlatoy Oleksandr Ye.: Odessa National Economic University

Business Inform, 2013, issue 12, 22_27

Abstract: The article explains the irrational character of the economic form of realisation of a scientific product in the modern economy. It formulates a chain of transformed forms that reflects movement of scientific labour and its product in the system of public production. It characterises specific features of the irrational economic form as a scientific category. It justifies irrationality of the scientific product price both from the point of view of the labour theory of cost and from the point of view of neo-classical economic theory. It shows barriers that cause the limited nature of economic analysis of the scientific sphere. Due to this, the local approach to determination of price on scientific information as a correlation of demand price and supply price seems quite justified. Analysis of the structure and dynamics of venture investments in the USA economy as a transformed form of the scientific product price in general demonstrates its irrational character. Practical conclusions, drawn from this study, point out the necessity of smoothing the contradictory character of the economic form of introduction of scientific labour results in the modern economy. On the one hand, this envisages increase of centralised financing of the fundamental and a part of applied science, on the other hand, a necessity of development of decentralised informal networks of scientific communication and exchange of scientific and technical achievements.

Keywords: scientific product; scientific information; price of the scientific product (scientific information); irrational economic form; venture investments; seed investments (search for similar items in EconPapers)
Date: 2013
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