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Modern Economic Theory and Economic Problems of the Modern World

Journal: Bulletin of Baikal State University (Vol.28, No. 3)

Publication Date:

Authors : ; ;

Page : 426-433

Keywords : сommodity fetishism; mercantilism; classical political economy; Marxism; Keynesian theory; social inequality; economic growth;

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Abstract

Public relations have always been full of contradictions. The roots of these contradictions are in the system of economic relations. It is not a coincidence that it has always been the task of economics, first of all, to reveal the nature of economic relations and, secondly, to find ways to resolve the social contradictions caused by these relations. The evolution of economic theories reflects the search for ways of solving the problem. Economic theory has constantly experienced pressure of certain social groups at various stages of its development, that benefited from the historical realities developed at the given time. The interest of these social groups have almost always been limited to the desire to prove that the existing system of economic relations is not historically transient, but the eternal and the best possible one. Having excluded production from the system of economic relations, reducing the extent of production relations to market relations, modern economic theories do not go beyond vulgar political economy. The article deals with the problem of property and social inequality, as a factor that slows down economic growth in Russia, as well as the possibilities of modern theoretical concepts to explain the essence of the economic contradictions of the modern world. There have always been poverty and injustice in the world. But if the gap between the rich and the poor has diminished in the last century, the world has returned to its state on the eve of the First World War by the beginning of the 21st century, as far as the degree of inequality is concerned.

Last modified: 2019-04-03 23:55:27