The article deals with the relation between assumptions of economic theories and their political implications. Two canons of economic science are being analyzed according to the degree of abstraction. A hypothesis is that the more abstract formal canon is connected with a liberal kind of...

Prospects for the development of an alternative macroeconomic theory are associated with the provisions that the dynamics of the economy is determined by the change of generations of capital and that there is a problem of coordination between different generations of capital. The circulation and...

(The Second Half of the 1920s and 1930s) and N. D. Kondratiev’s Project of Economic Dynamics The article considers the ways to overcome the methodological gap between the analysis of economic cycles and the pure economic theory as suggested by the Western economists in the 1920s and 1930s. In...

(Nobel Memorial Prize in Economics 2012) The paper provides an overview of major results in the theory of two-sided markets that brought the 2012 Nobel Memorial Prize in economics to Lloyd Shapley and Alvin Roth. We describe the celebrated Gale & Shapley deferred acceptance algorithm and Shapley...

The article examines the scientific legacy of the Nobel Prize-winning economist James Buchanan (1919—2013). The focus is on the evolution of his views on constitutional political economy. The article shows the displacement of Buchanan’s preferences from the expansion of inclusiveness of...

Pilot application of the energy efficiency and energy savings accounting system in Russia and energy consumption growth decomposition analysis have shown that: 1) its creation is possible even based on non-comprehensive statistical base; 2) its application provides non-trivial results and shows...

The paper considers the approaches to the theory of the firm developed by strategic management scholars: positioning theory, resource-based view, dynamic capabilities approach, knowledge-based view, strategic theory of the firm, as well as open innovations theory. The author shows how the ideas...

In this article, we address the question of how non-knowledge about future events that influence economic agents’ decisions in choice settings has been formally represented in economic theory up to date. To position our discussion within the ongoing debate on uncertainty, we provide a?brief...

(Issues of Methodology and Analysis) The article describes the methodology for identifying and analyzing economic cycles, which are based on historical spectral approach that combines the advantages of the historical and economic analysis and spectral method of the study of economic series. The...

The paper shows that the theory of rational choice should be better understood as a?normative, prescriptive, and not as a?descriptive theory of human behavior. Such an interpretation amounts to claiming that there is a?«normative turn» in economics. This turn means that the majority of...