Discussion about development of market economy

Authors

  • Valentina Vasilyevna Ilinova Russian Foreign Trade Academy
  • Victor Alexandrovich Sidorov Kuban State University
  • Yakov Semenovich Yadgarov Finance University under the Government of the Russian Federation

Keywords:

phenomenon of market economy, market institutes, socially-oriented market economy, fractal nature of economy, oriented market economy, intellectual risk management, economic sanctions, Russian innovation system, economic safety, shadow relations in the sphere of pricing, international financial relations

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.

Author Biographies

Valentina Vasilyevna Ilinova, Russian Foreign Trade Academy

Candidate of Economic Sciences, Assistant Professor
Place of work, post: Russian Foreign Trade Academy (119285, Moscow, Vorob’ovskoye
Highway,6A), Department of Management and Marketing, Professor

Victor Alexandrovich Sidorov, Kuban State University

Doctor of Economic Sciences, Professor
Place of work, post: Kuban State University (350040, Krasnodar, Stavropolskaya St. 149), Department of theoretical economy, the Head

Yakov Semenovich Yadgarov, Finance University under the Government of the Russian Federation

Doctor of Economic Sciences, Professor
Place of work, post: Financial University under the Government of the Russian Federation (125993 Moscow, Leninsky Prosp, 49), Department of the economic theory, the section «History of an Economic Thought», the Head

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Published

2024-02-08

How to Cite

Ilinova, V. V., Sidorov, V. A., & Yadgarov, Y. S. (2024). Discussion about development of market economy. Russian Foreign Economic Journal, (5), 88–102. Retrieved from https://journal.vavt.ru/rfej/article/view/2091

Issue

No. 5 (2017)

Section

Мировые товарные рынки

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