Methodological Principles of Creating an Integrated System Capital Reproduction
Journal: Quarterly Scientific Journal "Economic Herald of the Donbas" (Vol.61, No. 3)Publication Date: 2020-09-15
Authors : Minochkina O.;
Page : 30-40
Keywords : methodological approaches; concept; capital system; property system; jointly separate resource system; institute; convergent institutional mechanism; management; globalization; noospheric economy.;
Abstract
In the proposed paper substantiates the problem of organizing the efficient use of resources and controllability of the entire reproduction system, which is associated with the creation of a holistic system of capital reproduction, improving the institutional mechanism for forming a single process of capital functioning. Based on modern capital research, the composition of the capital system is determined. This representation of connections in the capital system and its structures is based on the methodology of institutional political economy. The causes of destructive processes in the socio-economic system are the deviation of the current capital structure from the fundamental one and its significant disproportions. This is due to the lack of management of the capital system and ignoring the laws of architectonics. The point of view on the inclusion of institutional capital in the capital system is substantiated, and author's own position on the concept of «institutional capital» is given. The creation of a holistic system of capital reproduction is associated with the functioning of the property system and institutional mechanisms of its management, in accordance with the concept developed by the author «Property system as a jointly separate resource system» (PS-JSRS). Harmonious social development, subject to ideal proportionality, is associated with compliance with the rule of the golden ratio, which is laid in the basis of the fundamental structure of the capital system. The institutional mechanisms of the PS-JSRS can become the basis for the implementation of strategies for balanced socioeconomic development. The introduction of these mechanisms at the national, regional and global levels is able to reproduce the fundamental structure of the capital system of a separate country, region and the whole world. To return the structure of the capital system to the fundamental one, it is necessary to pursue a purposeful state policy (monetary, budgetary, industrial, structural, financial) aimed at overcoming imbalances and approaching equilibrium proportions.
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