scholarly journals Anatomy of Economic Activity There are Two Main Flows

2019 ◽  
Vol 13 (1) ◽  
Author(s):  
Terrance Quinn
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Economic Activity ◽  
Bernard Lonergan ◽  
Economic Activities ◽  
Heterodox Economics ◽  
Macroeconomic Dynamics ◽  
Drexel University ◽  
Almost All ◽  
Great Damage

I draw attention to an economic theory discovered in the 1930’s by the Canadian scholar Bernard Lonergan (1904-1984). At the time, Lonergan was unable to find an economist to read his manuscripts. Eventually, however, his results were published in For a New Political Economy (Lonergan 1998); and Macroeconomic Dynamics: An Essay in Circulation Analysis (Lonergan, 1999), volumes 21 and 15 of the Collected Works of Bernard Lonergan. Volume 21 contains almost all of Lonergan’s typewritten work on economics prior to and including the 1944 Essay in Circulation Analysis. Lonergan’s theory, however, remains largely unknown to both orthodox and heterodox economics. Within the contemporary ethos, economic models typically are remote from actual economic activities in cities, towns and people’s lives. Lonergan’s theory, by contrast, begins with economic activities. It builds on a key observation that there are not just “firms and households” but two functionally distinct types of firm. Businesses can and often do function in both ways, depending on transactions. Orthodox economics has been causing great damage to world cultures and ecosystems. Attempts to merely adjust mainstream models have proven ineffective. Within heterodox economics there has been a growing interest in finding a viable alternative. This paper gives a brief introduction to the alternative provided by Bernard Lonergan’s two-flow theory. It is a theory that will ground the possibility of effective and humane strategies for local and global economies. Elements of this paper were originally presented at the International Confederation of Associations for Pluralism in Economics (ICAPE), January 4th, 2018, Drexel University in Philadelphia.

scholarly journals THE ROLE OF INNOVATION IN THE TRANSITION TO THE DIGITAL ECONOMY

2021 ◽  
Vol 10 (34) ◽  
Author(s):  
M.N NADZHAFOVA ◽  
Keyword(s):  
Economic Activity ◽  
Information Technologies ◽  
Business Processes ◽  
Digital Economy ◽  
Economic Activities ◽  
Modern Times ◽  
Online Stores ◽  
Almost All ◽  
Positive Results

The digital economy is a new trend in the development of economic activity. Its main feature is the use of information technologies and electronic devices in the implementation of all business processes. Technological progress makes it possible to automate many areas and thereby modernize and optimize the solution of basic issues. The introduction of digital systems not only simplifies many activities, but also contributes to the emergence of new forms of economic activity. So, for example, one of the main concepts of the new time was the conduct of electronic business. This type is the management of electronic affairs: online stores, virtual money, and more. It has a number of advantages, but it is not the only innovative element of the digital economy. Almost all countries are focused on maximizing the use of innovation in economic activities. You can already see some positive results of the functioning of information systems: for example, an increase in world GDP. However, the spread of economic information technologies is uneven. There are advanced leading countries that use technology in their activities by more than 50%. Russia has average results, but the conditions of modern times are such that in order to conduct business without losses, it is necessary to reduce the gap as soon as possible. However, the introduction of information technologies requires a large amount of costs, both financial and time. The first aspect is dominant and reduces the availability of technology, and with it the development of the digital economy.

The Political Economy of Media in Turkey

2020 ◽  
pp. 181-205
Author(s):  
Çağrı Kaderoğlu Bulut
Keyword(s):  
Political Economy ◽  
Economic Activity ◽  
Social Institution ◽  
The Political ◽  
Media Industry ◽  
Statistical Classification ◽  
Economic Activities ◽  
Political Economy Of Media ◽  
The Media

This study examines the infrastructural features of the media industry in Turkey in the 2000s. The study posits that the analysis of the inner workings of the media as an industrial-social institution is a way of understanding how the media is related with the overall system it is a part of. In order to do that, it is crucial to undertake the infrastructural mapping of the media. In this study, the dimensions of the media industry such as the branches of economic activity, geographical distribution, corporate structures and scales, employment, wages, gender distribution, and unionization levels are discussed as the basic indicators forming the infrastructure of the media industry. The datasets which the study is based on are taken from the NACE codes, which are used in the statistical classification of economic activities in Europe and are also valid for Turkey. The boundaries of media industry are defined through six basic branches of economic activity classified in NACE 18, 58, 59, 60, 63,73 codes and these fields of activity are discussed both by themselves and as a relational whole.

scholarly journals Economic Activities of German Local Authorities – Critical Notes from a Public Finance Perspective

2014 ◽  
Vol 10 (3) ◽  
Author(s):  
Thomas Döring ◽  
Birgit Aigner-Walder
Keyword(s):  
Public Finance ◽  
Political Economy ◽  
Fiscal Federalism ◽  
Energy Supply ◽  
Total Revenue ◽  
Economic Activities ◽  
Local Authorities ◽  
Public Purpose ◽  
Western Germany ◽  
Almost All

Within the last two decades, local authorities throughout Germany have increased their revenue by stepping up their economic activities. Municipal business ventures range from energy supply to catering services and even food retail, and are almost all justified by some public purpose or other. In 2010, local authorities in western Germany earned 5.3 pc of total revenue from their economic activities, compared to 4.7 pc in 1992. The share in eastern Germany was rising over the same period from 4.3 pc to 5.1 pc. In fact in 2010 a total of € 9.3 billion was earned by local authorities this way (compared to € 6.0 billion in 1992). The aim of the paper is to examine this trend from the perspective of public finance by drawing on the theory of public goods, the theory of fiscal federalism and some aspects of new political economy. Although the results vary somewhat depending on the angle taken, on balance the new economic activities by local government in Germany must be assessed negatively.

scholarly journals KARAKTERISTIK PENERAPAN HUKUM EKONOMI TERHADAP PEMBANGUNAN DI INDONESIA

2019 ◽  
Vol 1 (2) ◽  
pp. 137-148
Author(s):  
Hartanto Hartanto
Keyword(s):  
Economic Development ◽  
Economic Activity ◽  
Free Market ◽  
Corporate Law ◽  
Economic Activities ◽  
The Rule Of Law ◽  
Economic Law ◽  
To Come ◽  
Policy Direction ◽  
Almost All

Economic law develops as the background of the rapid growth and development of economic activity in almost all parts of the world . The presence of the main economic law aims to regulate and limit all economic activities for the implementation of economic activity and economic development are not always appropriate and ignore the rights and interests of the wider community . Law of increasing economic development , one example when entering the era of the free market . Objective application of the law in the Indonesian economy is to set the rule of law to be easy in terms of planning related to the economy and pemerataannya for economic policy towards a pro-people . Therefore, it is necessary that every topic of discussion was the economy or technology experts and legal experts are concerned , especially regarding the development of various forms of corporate law in the Indonesian economy to come , which, according to the Working Group for the Economy , Finance and Industry ( Ekuin ) seen as a problem that is still not enough to be touched by the Indonesian Corporate Law . economics that must be addressed in the conceptual , systemic and professional , but also the field of economic law and must be studied in line with the policy direction of the economy.

scholarly journals TOOLS FOR IMPROVING THE MANAGEMENT OF FOREIGN ECONOMIC ACTIVITY OF THE ENTERPRISE

2021 ◽  
Author(s):  
Victoria Yevtushenko ◽  
Marina Kudinova ◽  
Eleonora Hryhorova
Keyword(s):  
Foreign Trade ◽  
Economic Activity ◽  
Financial Stability ◽  
Government Regulation ◽  
Economic Effect ◽  
Market Model ◽  
Economic Activities ◽  
Foreign Companies ◽  
Advantages And Disadvantages ◽  
Almost All

The article is devoted to the search for tools to improve the management of foreign economic activity on the example of one of the Ukrainian enterprises operating in the field of rail freight transport. Uneven distribution of natural resources and many other factors have led to the emergence of foreign economic activity, which involves the exchange of goods, services, technologies, experience and more between countries. In this regard, the management of foreign economic activity for many years is one of the most important aspects of effective organization of any enterprise. Volumes of output and sales, profit, profitability and financial stability, as well as other indicators of companies operating in foreign markets, largely depend on the political situation, the state of legislation, exchange rate, government regulation in foreign economic activity. Ukraine’s transition to a market model of the economy also plays a significant role, which encourages domestic economic entities to improve the management of foreign economic activity. The urgency of this issue is also confirmed by the fact that without the development of foreign trade management, the implementation of economic activities of many organizations will be impossible due to the lack of positive economic effect. In addition, today foreign economic activity remains one of the ways to replenish the country's resources and is developing rapidly. Almost all modern enterprises try to cooperate with foreign companies, respectively, for each of them a very important issue is the correct construction of processes related to foreign trade. The article reveals the essence and main characteristics of foreign economic activity, describes the direct and indirect method of organizing the management of foreign economic activity, their advantages and disadvantages, provides a brief description of the company on which the study was conducted, and offers several tools to improve foreign trade management. At domestic and foreign enterprises. In addition, considerable attention was paid to foreign economic strategy, which reflects the behavior of enterprises in the international arena and one of the main components of the organization, which needs constant monitoring and improvement.

Nikolay Sieber in the history of prerevolutionary Russian economic thought

2018 ◽  
pp. 95-110
Author(s):  
L. D. Shirokorad
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Organic Synthesis ◽  
Marginal Utility ◽  
Economic Thought ◽  
History Of ◽  
Three Stages

This article shows how representatives of various theoretical currents in economics at different times in history interpreted the efforts of Nikolay Sieber in defending and developing Marxian economic theory and assessed his legacy and role in forming the Marxist school in Russian political economy. The article defines three stages in this process: publication of Sieber’s work dedicated to the analysis of the first volume of Marx’s Das Kapital and criticism of it by Russian opponents of Marxian economic theory; assessment of Sieber’s work by the narodniks, “Legal Marxists”, Georgiy Plekhanov, and Vladimir Lenin; the decline in interest in Sieber in light of the growing tendency towards an “organic synthesis” of the theory of marginal utility and the Marxist social viewpoint.

Jean Tirole: The political economy of corporate finance (On the book by J. Tirole “The theory of corporate finance”)

2017 ◽  
pp. 128-141
Author(s):  
N. Ranneva
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Graduate Students ◽  
Corporate Finance ◽  
Critical Review ◽  
The Political ◽  
Institutional Economic ◽  
New Type ◽  
Finance Theory ◽  
Empirical Material

The present article undertakes a critical review of the new book of Jean Tirole, the winner of the 2014 Nobel Prize in Economics, “The theory of cor- porate finance”, which has recently been published in Russian. The book makes a real contribution to the profession by summarizing the whole field of corporate finance and bringing together a big body of research developed over the last thirty years. By simplifying modeling, using unified analytical apparatus, undertaking reinterpretation of many previously received results, and structuring the material in original way Tirole achieves a necessary unity and simplicity in exposition of extremely heterogeneous theoretical and empirical material. The book integrates the new institutional economic theory into classical corporate finance theory and by doing so contributes to making a new type of textbook, which is quite on time and is likely to become essential reading for all graduate students in corporate finance and microeconomics and for everyone interested in these disciplines.

Political Economy of Post-Soviet Marxism (Theses to Forming of Scientific School)

2005 ◽  
pp. 36-55 ◽  
Author(s):  
A. Buzgalin ◽  
A. Kolganov
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Transition Economies ◽  
Alternative Schools ◽  
Scientific School ◽  
Theoretical Concepts ◽  
Limited Ability ◽  
Socialist System ◽  
Soviet Marxism ◽  
Modern Russian

The limited ability of neoclassical "mainstream" to explain deep fundamental shifts in economic structures of the present day world determines the renaissance of alternative schools of economic theory, including Marxism. The article is aimed to show theoretical concepts of modern Russian neomarxism, which has a potential to explain the contradictions of the capitalist globalization, the tendencies of forming new types of socioeconomic relations, of the specific forms of transition economies in the post-socialist countries and basic causes of the birth and collapse of the socialist system.

Essays of a “comparatively progressive” economist (On the 150th birth anniversary of Vladimir Geleznoff)

2019 ◽  
pp. 135-145
Author(s):  
Viktor A. Popov
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
The Political ◽  
Russian History ◽  
Working Ability ◽  
Intellectual Inquiry ◽  
History Of

Deep comprehension of the advanced economic theory, the talent of lecturer enforced by the outstanding working ability forwarded Vladimir Geleznoff scarcely at the end of his thirties to prepare the publication of “The essays of the political economy” (1898). The subsequent publishing success (8 editions in Russia, the 1918­-year edition in Germany) sufficiently demonstrates that Geleznoff well succeded in meeting the intellectual inquiry of the cross­road epoch of the Russian history and by that taking the worthful place in the history of economic thought in Russia. Being an acknowledged historian of science V. Geleznoff was the first and up to now one of the few to demonstrate the worldwide community of economists the theoretically saturated view of Russian economic thought in its most fruitful period (end of XIX — first quarter of XX century).

TRADITIONAL OUTBUILDINGS OF THE MORDOVIANS

2019 ◽  
Vol 15 (2) ◽  
pp. 154-165 ◽  
Author(s):  
Elena N. Mokshina ◽  
Mihail I. Svyatkin
Keyword(s):  
Ethnic Group ◽  
Economic Activity ◽  
Building Materials ◽  
Animal Feed ◽  
Economic Activities ◽  
Important Place ◽  
Main Building ◽  
Genetic Problem ◽  
Materials Used ◽  
Functional Purpose

Introduction. The article deals with the main traditional outbuildings of the Mordvinians, reported on their functional purpose in economic activity. The forms and types of outbuildings, as well as the main building materials used by Mordvinians are described in details. Their significance in the religious and ceremonial life of the ethnic group is shown. Materials and Methods. The research is based on traditional methods of ethnographic science, such as field observation, survey and interviews, and a comprehensive approach. Among the methods of historical science comparative-historical, historical-genetic, problem-chronological, structural-system were used. Among the general scientific methods of research logical, descriptive, narrative, generalization, classification and systematization were involved. To achieve the results of the study, the materials collected by the authors in the course of field surveys conducted in the Mordovian villages were mainly used. Results and Discussion. Traditional outbuildings were of great importance in the economic activity of the Mordovian ethnic group. According to their functional purpose, they can be divided into the following groups: for livestock and poultry (stable, chicken coop, stable, kalda), sanitary and hygienic (bath), warehouse buildings for storage of food, utensils, firewood, animal feed (barn, cellar, woodshed, hayloft), for processing of grain (sheep, riga, mill). Depending on the welfare and financial capacity of the family, the number of outbuildings was different. As a rule, the wealthier families had more outbuildings than the less wealthier ones. The main building material for the construction of these buildings was wood. Conclusion. Thus, the traditional outbuildings of the Mordvinians occupied an important place in its economic activities. At the same time, each of them had its own purpose and performed certain functions. Some buildings, such as a bath and a barn, had not only economic purpose, but also were the venue for a number of prayers and ceremonies. It is now ordinarily they have banya (bath-house), outdoor courtyard with standing in different places sheds, barn and cellar.

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