For effective economic growth, intentional “creation” of unemployment is required to be followed up by its «elimination». From Okun’s law one can infer an interesting corollary: growing unemployment without reducing GDP increases the economy’s potential. This corollary can be proved...

Russian. В работе расматривается отношение неоклассической экономики и альтернативного подхода – Другого канона. Показывается, что неоклассическая экономика с...

Russian Abstract: В работе анализируются предпосылки, на которых основана господствующая неоклассическая экономическая теория. С обной стороны, это предпосылки...

Paper considers the presumptions of dominant, neoclassical economic theory. On one side, there are the presumptions on rational individuum (homo oeconomicus), separated from the social world, that trends to maximize self utility, with the relations with other acteurs established through market:...

The article shows that actual public expenditure in the period of rapid oil prices growth of the 2000s was less than optimal level in Russia. The macroeconomic model of Russian economy is the basis of current research. The main mechanism of growth in an optimum scenario is associated with the...

This study examines the growing role of fiscal policy at the time of financial crisis. It presents the analysis of fiscal stimulus measures of the Russian Government during the period of 2008-2010 and the comparison with similar measures implemented in other countries. Risks and restrictions...

This is a book about modern China, mainly about the economy (about half the text), but also about culture, history, religion, and politics. There are three main issues discussed in the book: (1) Why did China (and earlier other countries and territories of East Asia, largely based on the Chinese...

We conduct a comprehensive study of macroeconomic modeling methods, new theories of economic growth and the impact of technology and institutions on economic growth, in order to formulate the basic characteristics that are critical for efficient technological and institutional effects modeling....

Using level accounting methodology this article examines sources of per capita GDP and labor productivity differences between Russia and developed and developing countries. Analysis concentrates on the assessment of role of the following determinants in per capita GDP gap: per hour labor...

This book presents theoretical and empirical investigation of the possible impact of human capital on economic growth in transition economies of Ukraine, Russia, Poland, and Hungary during the period of 1990-2007. This research defines place and role of human capital in the process of transition...