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Discussion about development of market economy

Author

Listed:
  • Yakov Semenovich Yadgarov

    (Financial University under the Government of the Russian Federation, Moscow, Russia)

  • Viktor Aleksandrovich Sidîrov

    (Kuban State University, Krasnodar, Russia)

  • Valentina Vasil’evna Iljinova

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

The paper presents a spectrum of viewpoints of Russian and foreign scientists concerning the evolutionary aspects of the development of market economy. A modification of basic concepts is shown; an analysis of the economic theory development is made. The relationship between the role of the state and the market mechanisms is examined, and the development of market institutes is considered. Within the interdisciplinary approach an assessment of the modern economic phenomena and processes is made. Prospects for the development of Russia's innovation system are outlined. The process approach to the market economy realities is demonstrated. Forecasts of the consequences of further enhancement of anti-Russian sanctions and changes in oil prices are made. Current issues in the economy and society are stated, and an original vision of ways how to address them is proposed.

Suggested Citation

  • Yakov Semenovich Yadgarov & Viktor Aleksandrovich Sidîrov & Valentina Vasil’evna Iljinova, 2017. "Discussion about development of market economy," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 5, pages 88-102, May.
    • Handle: RePEc:alq:rufejo:rfej_2017_05_88-102
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