Journal articles: 'And Market Economy'

1

MATSUMURA, Kei'ichiro. "Market Economy and Moral Economy." Journal of African Studies 2007, no. 70 (2007): 63–76. http://dx.doi.org/10.11619/africa1964.2007.63.

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Ristić, Kristijan, and Žarko Ristić. "MARKET ECONOMY vs. SOCIAL ECONOMY." FBIM Transactions 2, no. 1 (2014): 82–90. http://dx.doi.org/10.12709/fbim.02.02.01.08.

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3

Thanawala, Kishor. "Reflections on private market economy and social market economy." International Journal of Social Economics 29, no. 8 (2002): 663–74. http://dx.doi.org/10.1108/03068290210434206.

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4

Borisov, Oleg. "Market economy needed." Nature 342, no. 6248 (1989): 332. http://dx.doi.org/10.1038/342332a0.

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5

Aldhous, Peter. "Market economy problems." Nature 343, no. 6254 (1990): 108. http://dx.doi.org/10.1038/343108a0.

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AVERSA, GIOVANNI. "SOCIALIST MARKET ECONOMY." BANKPEDIA REVIEW 3, no. 1 (2013): 47–55. http://dx.doi.org/10.14612/aversa_1_2013.

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7

McKee, Arnold. "MARKET ECONOMY ‐ John Paul II’s passage to the market economy." International Journal of Social Economics 25, no. 11/12 (1998): 1776–89. http://dx.doi.org/10.1108/03068299810233439.

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8

Cahill, Damien. "Market analysis beyond market fetishism." Environment and Planning A: Economy and Space 52, no. 1 (2019): 27–45. http://dx.doi.org/10.1177/0308518x18820917.

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This article responds to Peck’s call for a heterodox economic analysis of markets that is sensitive to their sociality and spatiality with Polanyi’s work as a starting point. It is argued that while Polanyi’s concept of the socially embedded economy offers a useful heuristic for apprehending the social foundations of economic activity, his analysis exhibits ‘market fetishism’ – a tendency to treat markets as things in and of themselves, without a proper appreciation of their inherently social foundations – and that this is reflected in broader scholarly discourses with respect to markets. Thus, it is argued, we need to augment Polanyi’s framework with other heterodox economic insights. The article outlines a four-step approach to ‘de-fetishizing’ markets. First, the article foregrounds the specifically capitalist nature of the global economy, and the ‘unique system of market dependence’ to which capitalist social relations give rise. Second, it is argued that de-fetishizing markets requires that an agent-centred approach be adopted. Rather than viewing markets as ‘things’ it is argued that they are most usefully understood as the interactions between agents, the most significant of which, within the contemporary global economy, is the large capitalist firm. Third, the interaction between such agents is structured by pervasive frameworks of rules. Fourth, it is argued that markets are inherently spatial phenomena. They are spatially constituted and contribute to the production of space.

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9

Masaka, Dennis. "Pitting Market Economy Against Planned Economy." Journal of Black Studies 44, no. 3 (2013): 314–29. http://dx.doi.org/10.1177/0021934713482583.

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Ito, Michiru. "The Caribbean Community Single Market and Economy:." International Journal of Human Culture Studies 2016, no. 26 (2016): 63–97. http://dx.doi.org/10.9748/hcs.2016.63.

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Kiseleva, Irina Anatolievna. "Modeling Consumer Behavior in a Market Economy." Revista Gestão Inovação e Tecnologias 11, no. 4 (2021): 402–13. http://dx.doi.org/10.47059/revistageintec.v11i4.2116.

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12

Patiison, Stephen. "Book Review: The Market Economy: The Market Economy and Christian Ethics." Expository Times 111, no. 5 (2000): 176. http://dx.doi.org/10.1177/001452460011100525.

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13

Loginova, O. A. "SOCIO-ECONOMIC SYSTEMS IN MARKET ECONOMY CONDITIONS." Вестник Алтайской академии экономики и права 2, no. 6 2019 (2019): 56–65. http://dx.doi.org/10.17513/vaael.614.

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14

Ogun, Oluremi. "Economic Reforms and an African Market Economy." OALib 05, no. 01 (2018): 1–19. http://dx.doi.org/10.4236/oalib.1104242.

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15

Naseemullah, Adnan. "The Political Economy of Economic Conservatism in India: From Moral Economy to Pro-business Nationalism." Studies in Indian Politics 5, no. 2 (2017): 233–47. http://dx.doi.org/10.1177/2321023017727981.

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Economic conservatism in India today is associated with the BJP’s embrace of markets and competition. This article argues that conservatism within the nationalist movement was founded on rejecting both the market and the planned economy, embracing instead ‘moral economy’ principles of economic life guided by social norms, and development founded on small-scale craft production. After independence, conservative nationalists, while acknowledging the need to enhance state power through industrial growth, protected the moral economies of craft-based and agrarian production. But as the Congress party fractured, farmers’ movements asserted interests in market-based agricultural transformation and liberalization shifted the issue space of economic debate, new pro-business conservatives presented a new vision based on enhancing national wealth and strength through capitalist enterprise.

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16

Lundkvist, Anders. "FROM MARKET ECONOMY TO CAPITALISTIC PLAN ECONOMY." Forum for Development Studies 33, no. 1 (2006): 149–73. http://dx.doi.org/10.1080/08039410.2006.9666340.

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17

Renger, Johannes. "Archaic versus Market Economy." Topoi 12, no. 1 (2005): 207–14. http://dx.doi.org/10.3406/topoi.2005.2000.

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18

Berger, Ron, Chong Ju Choi, and Ram Herstein. "China’s Social Market Economy." International Journal of Asian Business and Information Management 4, no. 1 (2013): 21–30. http://dx.doi.org/10.4018/jabim.2013010103.

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In 2011, China continues to be the world’s largest recipient of direct foreign investment—which in 2010 totaled US$105 billion. China is also the world’s second largest economy after the U.S. Once a staunchly Communist state, China now advocates a “social market economy” as its business system. The purpose of this paper is threefold. First, this paper seeks to understand what is meant by a “social market economy”. Second, the paper analyzes the traditional shareholder and stakeholder debate by examining different national economies together with their respective societies in terms of business systems. Third, the paper discusses some implications of the emergence of the Chinese economy and business system in the context of potential contributions to social science research. This paper shows that China’s social market economy has many similarities to the stakeholder business system increasingly advocated in global ethics research and presents the challenges to be faced by China’s social market economy in the future.

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19

Barry, Norman. "The Social Market Economy." Social Philosophy and Policy 10, no. 2 (1993): 1–25. http://dx.doi.org/10.1017/s0265052500004118.

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The collapse of Communism in the regimes in Eastern Europe and the former Soviet Union has brought forth a plethora of alternative political and economic models for the reorganization of those societies. The vacuum that has been left could be regarded as an ideal laboratory for the testing of competing theories, and the temptations to experiment with the more benign forms of constructivist rationalism are likely to prove irresistible. If liberal capitalism is to be successfully created, it will clearly not have the same biography as it has had in the Western European and Anglo-American countries, where its emergence was the result of slow evolution: often its appearance and survival were due to a quite fortuitous combination of circumstances. In those countries it was not the result of any deliberate democratic choice but the outcome of a happy confluence of traditional rules and customary practices, and the participants in them had little idea of the form of the system that they were creating. Indeed, ideological sanctification was almost an afterthought, and democratic approval was belated and in most cases not enthusiastic. Britain was a liberal capitalist society, and possessed the necessary body of private law, some time before the franchise was significantly democratized (which did not occur until 1867). It is, of course, recent theoretical and empirical research which has revealed that the political choice mechanisms that developed haphazardly after the success of the market are a potential threat to it.

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20

Dyer, Christopher, and John Day. "The Medieval Market Economy." Economic History Review 41, no. 3 (1988): 484. http://dx.doi.org/10.2307/2597387.

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21

Sato, Seizaburo. "Democracy and market economy." Asia-Pacific Review 7, no. 1 (2000): 2–14. http://dx.doi.org/10.1080/713650812.

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22

Castellani, Victor. "The Roman Market Economy." European Legacy 20, no. 6 (2015): 669–72. http://dx.doi.org/10.1080/10848770.2015.1046687.

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23

Gannon, Frank. "Market economy for scientists." EMBO reports 8, no. 6 (2007): 517. http://dx.doi.org/10.1038/sj.embor.7400997.

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Leonard, Allenna. "The market economy unchecked." Kybernetes 33, no. 3/4 (2004): 538–46. http://dx.doi.org/10.1108/03684920410523553.

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Torvanger, Asbjørn, Arne Jon Isachsen, Carl B. Hamilton, Thorvaldur Gylfason, and Asbjorn Torvanger. "Understanding the Market Economy." Scandinavian Journal of Economics 96, no. 1 (1994): 133. http://dx.doi.org/10.2307/3440673.

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26

Starchuk, N. V., D. O. Liebiedieva, and O. M. Bondarets. "The Market Pricing Issues in the Courses of Fundamental Economic Disciplines at Ukrainian HEIs." Business Inform 1, no. 516 (2021): 14–20. http://dx.doi.org/10.32983/2222-4459-2021-1-14-20.

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In the context of market economy in Ukraine, specialists should know the essence of market self-regulation: economic laws, the effect of a market mechanism, market pricing. Such information is given by fundamental (theoretical) economic disciplines, the courses of which in the higher education institutions of Ukraine must be really thought out. When choosing a model of transition from planned to market pricing and in subsequent pricing policy, there was a lag in economic theory and insufficient economic training of specialists as to issues of market pricing, which was chosen as the object of research. The article examines the market pricing materials in the courses of fundamental economic disciplines, textbooks and manuals. According to the results of research, the following conclusions are drawn: in textbooks and manuals on political economy there is not enough information on economic pricing laws, the effect of the market mechanism (only the first two economic laws are mentioned). It is proposed to systematically teach all seven economic pricing laws: their essence, effects, relationship and distribution according to the economic systems of society. The authors have developed the model «Market mechanism effect. Economic pricing laws». In the course of political economy, it is advisable to study not only the industrial market economy, but also the post-industrial information and network economy, the patterns of which are not yet properly known and are fundamentally different. In the course of microeconomics, attention should be paid to the markets of imperfect competition, where a company can influence the price, namely: the markets of monopolistic competition. More attention should be paid to the elasticity of demand in order to develop an effective pricing policy of the company. In the course of macroeconomics, special attention should be paid to keynesian theory, which, unlike neoclassical, correctly considers the markets of goods, services, labor, money imperfectly competitive markets, and their prices not completely flexible (crunch effect). A comparative analysis of political economy and economics is carried out and a conclusion is made about the priority of political economy, which is paid more attention. The fallacy of the trend of displacement of applied fundamental economic disciplines in Ukraine, which are the basis for economic policy, is substantiated. Proposed: economists-theorists shold be trained at HEIs separately; to strengthen the economic training of higher education applicants regarding not only economic, but also non-economic specialties, which will ensure optimal unity of empirical, theoretical and applied knowledge, as well as the possibility of creative approach to understanding the role of economic theory in planning opportunities for personal professional development.

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27

Janković, Marko, Dejan Dimitrijević, and Raica Milićević. "MARKET AND MARKET STRUCTURES OF DIGITAL PRODUCTS." Knowledge International Journal 28, no. 1 (2018): 217–22. http://dx.doi.org/10.35120/kij2801217j.

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Information and communication technologies (ICTs) have revolutionized the changes in all spheres of social life, especially affecting the changes in the economy in which new realities and a new way of thinking have been brought. The use of ICT in the economy has led to a new economic reality that has reflected on major organizational and other changes in business and requires a different way of behavior. By applying the digital economy to business, new economic rules have been created; new business models and new consumer behavior have been created. The significant influence of these changes is reflected above all on changing the perception of the economic role of the market. In recent years, due to the application of digitization in the operations of an increasing number of companies, there have been dramatic changes in the market. These changes have caused the emergence of electronic markets known as electronic market places, which are directly affected by the change of a few "important" processes and functions in business and society. Traditional market functions of the old economy have been replaced by the market economy of the new economy. In the new economy, the market has different functions, it coordinates buyers and sellers, facilitates the exchange of information and payments, and provides institutional infrastructure for more efficient functioning. These changes, in the new market, have positively reflected on the improvement in economic efficiency, lower transaction and distribution costs, and influenced the more efficient functioning of the market. Unlike the traditional market, the costs of digital products and services are different from the new market. Fixed costs of initial investments in the creation of digital products and services are high, while the marginal costs of its distribution are low. This cost dynamics allows a high production volume with lower average (variable) costs per unit, and both types of costs have a special structure. High fixed costs and low marginal costs on the digital product market have important implications for the market structure of the digital economy. The market of digital products and services has all the characteristics of the market structures of monopoly and oligopoly. The monopoly on the digital product market may or may not produce the very best product, but thanks to the size and economies of scale, it has a great advantage over the competition. The formation of prices for digital products differs from the way in which prices of physical products are formed. Some digital products are available free of charge, (free), which implies an alternative option of securing revenue that is necessarily associated with those products. Other, digital products are linked to other products, digital or physical, in order to somehow avoid problems related to their prices. However, the most common way to determine the price of digital products is to use a licensed approach to both sales methods. Regardless of the way prices are determined, it is important that prices of digital products are not formed on the basis of production costs, but into the basis of the values that customers assign to that product. The exchange of products and services between consumers and businesses, unlike the traditional market, is done by the use of a multi-platform platform that plays the role of intermediaries between different user groups.

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28

Riegler, J. "Eco-social market economy as an European innovation." Agricultural Economics (Zemědělská ekonomika) 49, No. 3 (2012): 101–5. http://dx.doi.org/10.17221/5272-agricecon.

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The paper presents fundamental ideas of European social market economy that are to be applied to formulate the &ldquo;European Model of Agriculture&rdquo;. In connection with the needs of further development of the Common Agricultural Policy, food strategy and regional policy, some challenges to the modern and perspective strategy of agriculture and food production in the EU are formulated. A new European challenge to strengthen the principle of solidarity, sustainability, multi-functionality and subsidiarity is an appreciable point of departure to solve the problems in Czech agriculture.

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Novikov, A. V., and I. Ya Novikova. "Russian Financial Market: Is there Potential for Stimulating Economic Growth?" Vestnik NSUEM, no. 2 (July 6, 2020): 86–104. http://dx.doi.org/10.34020/2073-6495-2020-2-086-104.

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Russia has passed the path of forming a market economy, which was accompanied by a multidirectional dynamics of GDP growth rates. The article considers the financial market as a factor of stimulating economic growth. Four stages of development of the market economy of Russia are justified. Starting from 2020, the fifth stage of economic growth based on the development of innovative technologies, digitalization of the economy. The features of these stages are analyzed from the point of view of investment incentives for development. Institutional and instrumental approaches to financial market segmentation are highlighted, and the features of implementing these approaches at each stage of the Russian economy development are considered. The formation of the financial market considered from the standpoint of the analysis of indicators, revealing the state of the financial markets: depth, access, stability and efficiency of the financial market. Measures for the development of the financial market are proposed.

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Bătuşaru, Cristina, and Alina Rădoiu. "Sustainability in the Contemporary Market Economy." International conference KNOWLEDGE-BASED ORGANIZATION 27, no. 2 (2021): 6–11. http://dx.doi.org/10.2478/kbo-2021-0040.

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Abstract Over time, the market economy has undergone many changes caused by the processes underlying its operation, and have focused on the scarcity of resources, interdependencies between economic agents, intensified exchanges, technical and scientific progress and computerization of economic systems. Given the many variables that act and ensure the functionality of the contemporary market economy, it is particularly important that the interdependencies between them be addressed in terms of sustainability. This paper addresses sustainability as a condition for supporting sustainable economic development, starting from the main links that support economic growth, namely production and consumption. Sustainable economic growth must be accompanied by measures to optimize the processes that characterize production and consumption, aiming at reducing resource waste, maximizing the intrinsic value of waste from economic activity and ensuring an infrastructure that makes it possible to move from the linear economy to the circular economy. Starting from the current stage of the steps taken to ensure sustainable economic development, the paper presents the main challenges faced by supply and demand, representing shortcomings in ensuring the road to circularity.

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Slobodianyk, Anna, George Abuselidze, and Lyudmyla Tarasovych. "The mechanism of integration of the Ukrainian stock market in the world stock market." E3S Web of Conferences 157 (2020): 04034. http://dx.doi.org/10.1051/e3sconf/202015704034.

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The article is devoted to structuring and improving the methodological foundations of the mechanism of state regulation of the stock market. Priority directions for the development of the stock market are determined in order to strengthen its role in stabilization of the national economy. As a result, a structural and functional model of stock market operation in the system of economic development of the country was elaborated. It involves ensuring the legitimate access of national companies to the global stock markets while attracting foreign investors to the Ukrainian stock market. The authors argue that the mechanism of the national stock market integration involves several stages: from enhancing international cooperation primarily with the stock markets of countries that are strategic partners, subsequent full participation in regional and subregional integration associations of stock markets, up to global integration in the world stock market as a priority direction for the development of the domestic stock market in the context of stabilization of the national economy.

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32

Ernst, Dieter, and Terutomo Ozawa. "National Sovereign Economy, Global Market Economy, and Transnational Corporate Economy." Journal of Economic Issues 36, no. 2 (2002): 547–55. http://dx.doi.org/10.1080/00213624.2002.11506499.

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33

Raghunath, Nilanjan. "Full Employment and the Cryptocurrency Economy." Tradition and Discovery: The Polanyi Society Periodical 46, no. 2 (2020): 43–56. http://dx.doi.org/10.5840/traddisc202046216.

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Cryptocurrencies present a disruption to financial institutions, investments, and markets. Should governments therefore allow cryptocurrencies or ban them? How will they affect the flow of money? What form of economic justice should the cryptocurrency market adopt? Who should be involved in the determining of the economic justice? I claim that Michael Polanyi’s theories about employment, money, trade, and his overarching sociotechnical vision of society and the economy can help us understand the current labour market challenges and solutions in view of the digital economy.

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34

Olaleye, Abel, and Beatrice Oyinloluwa Adebara. "Another look at property market maturity framework and its application to Lagos property market, Nigeria." Journal of Property Investment & Finance 37, no. 5 (2019): 486–502. http://dx.doi.org/10.1108/jpif-04-2019-0048.

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PurposeThe purpose of this paper is to re-examine the framework for determining property market maturity by including the economic characteristics of a country in the measure.Design/methodology/approachThe examination was done in Lagos property market, which was stratified into Mainland and Island markets. A total of 181 estate surveying and valuation firms and 87 property development companies, as represented by top-level managers, participated in the survey. Data were collected on their perception of property market maturity attributes that included market openness, presence of professionals, level of transparency and state of the economy, among others. The data were analyzed using mean rating and mean deviation.FindingsThe result showed that “diversity of real estate products and forms” was ranked highly and had reached a mature stage in Lagos Mainland, Island and the aggregated Lagos market. Contrarily, the state of the economy was still at immature stage in Lagos and its sub-markets. Overall, the results showed that the Lagos property market was emerging and that the inclusion of economic features in the maturity framework reduced the level of maturity of the market when compared with previous studies.Practical implicationsThe study implied that the assessment of the state of economy of a country, as part of the attributes for measuring property market maturity, will impact on the result and should be taken into consideration.Originality/valueThe study adds to the previous studies on property market maturity by assessing the impact of the economic characteristics of a country on the measure.

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35

Shim, Ji-Hong. "Social Market Economy: Economic Policy as Social Policy." Koreanische Zeitschrift fuer Wirtschaftswissenschaften 34, no. 4 (2016): 141–64. http://dx.doi.org/10.18237/kdgw.2016.34.4.141.

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36

Buzgalin, Alexander, and Andrey KOLGANOV. "Political economy and economic policy. Market. State. Society." Terra Economicus 14, no. 1 (2016): 27–47. http://dx.doi.org/10.18522/2073-6606-2016-14-1-27-47.

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37

Temin, Peter. "A Market Economy in the Early Roman Empire." Journal of Roman Studies 91 (November 2001): 169–81. http://dx.doi.org/10.2307/3184775.

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The economy of the early Roman Empire has been an object of study for at least the last century. The discussion has been marked by continuing debate, known sometimes as the primitivist/modern debate and at other times as the Finley debate, following his famous Sather lectures, The Ancient Economy. This paper is a contribution to this debate, written by an economist rather than an ancient historian. My purpose is to define the concept of a ‘market economy’, and to see if it fits the evidence we have for the early Roman Empire.Finley declared that, ‘ancient society did not have an economic system which was an enormous conglomeration of interdependent markets’. He drew implicitly on research by Polanyi to oppose the views of Rostovtzeff within the field of ancient history and those of Fogel and Engerman in economic history, but he did not explicitly join their conceptual apparatuses. Morris has summarized the debate fuelled by Finley's dramatic lectures in his foreword to the twenty-fifth anniversary edition and argued that the controversy is still vigorous today. I hope to clarify the issues in this debate and even resolve the debate for the period of the early Roman Empire.

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Pirozhnik, Ivan. "Foreign direct investment in transition economies: the regional structure and peculiarities of development in Belarus." Studies of the Industrial Geography Commission of the Polish Geographical Society 29, no. 1 (2015): 113–25. http://dx.doi.org/10.24917/20801653.291.7.

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The spatial structure of the world economy is divided into countries of economic center,semi-periphery and periphery. Changes of the spatial structure of the world economy and globalizationtrends are marked. A key element of the growing of globalization process is foreign direct investment(FDI) and activities of transnational corporations. Declining trend in foreign direct investmentis marked in conditions of instability of world economic development, shifts in FDI regional structureand their impact on countries with developing market economies. On the basis of the regional monitoringof the foreign direct investment the CIS market is described, in particular of the countries ofthe Customs Union and Belarus. The volumes of the Belarusian direct investment abroad are outlined,the forms of presence in foreign markets are indicated, the development of the commodity distributionnetworks, created by Belarusian enterprises and geography of inflow and outflow of FDI, is analyzed.The directions of improving the investment climate in Belarus and improve its position in the worldrankings are marked.

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39

Ahmad, Ehsan. "Modelling Interest-Free Economy." American Journal of Islam and Society 7, no. 1 (1990): 111–12. http://dx.doi.org/10.35632/ajis.v7i1.2676.

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Muhammad Anwar's "Modelling Interest-Free Economy: A Study In Macroeconomics and Development" (1987) and subsequent comment by Tekir (1989) deserve serious consideration. Anwar's general macroeconomic model is one of the few models which offer a synthesis of traditional Classical and Keynesian models of macroeconomy. However, there are some fundamental theoretical and empirical weaknesses, some of which will be discussed briefly. Although the proposed "Interest-Free" monetary system is based on the principle of competitive markets (Tekir, 1989), it has no explanation for the extent of government's involvement in the macroeconomic activity. Even if we temporarily set aside the implicit assumption of a morally just monetary system, the proposed system of "Mudarabas" has serious limitations. For instance, the government purchases of goods and services will have to be either financed by increased taxes, monetization or by selling "Mudarabas" in the National or international market. (1) The "Mudaraba" contracts will replace the traditional bond-financed method of borrowing by government. If we rule out the highly inflationary monetization method, the only plausible method is the sale of "Mudarabas." It will tend to have the same degree of crowding out as expected in the bonds-financed method. As pointed out by Tekir (1989), the system opens itself to an undue intervention by government and lacks efficient allocation of resources. It is likely that a politically determined allocation of resources by government will be less than efficient. Moreover, the traditional productivity-based method of evlauating the benefits cannot be used. The output produced in the public sector may be evaluated on non-market criteria, an aspect completely ignored by Anwar's model. On a more general level the concept of "Mudarabas" will eliminate the bonds market and replace that with an equity market. This will be an equivalent of the stock market, which shows the strong, speculative element worldwide, an activity discouraged by Islamic economics. The stock market volatility in the U.S. and worldwide in 1987 and 1989, shows that the "Mudaraba" market will have to be modified to reduce the element of speculation. In more recent years, real estate markets in many Muslim countries have shown tremendous overvaluation due to highly speculative activities. An inflationary pressure in Mudaraba-based economy may also be another cause of volatility. Lastly, Anwar's claim that interest rates are negatively associated with budget deficits lacks empirical evidence. There is some evidence (Volker ...

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40

Safiullin, Nail, Bulat Safiullin, and Olga Schnaider. "Factors of determinism, uncertainty and stochasticity in stock and commodity markets." E3S Web of Conferences 110 (2019): 02039. http://dx.doi.org/10.1051/e3sconf/201911002039.

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One of the main methodological principles of modern economics is the separation of the positive and normative study area. Traditionally, the dominant regulatory approach is associated with a "pre-scientific" era - with the economic views of antiquity and the Middle Ages. Thus, the very evolution of the economic analysis can be considered as a process of gradual replacement of a regulatory elements and achieve ever greater degree of objectivity of research. In this paper, the economic theory of multi-dimensional stock and commodity market in the green economy is considered in detail. The current state of the theory of markets and market mechanisms is discussed. The research methodology and theory of multi-dimensional stock and commodity market in the green economy, adapted to the real conditions of the transformation of the Russian economy, are substantiates. Various forms of heterogeneity of market processes are identified and classified, including factors of demand, supply and competitiveness arising from the terms of the transformation of the economy attracting green investment.

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Stávková, J., L. Stejskal, and Z. Procházková. "Application of behavioural economy principles in the grocery market." Agricultural Economics (Zemědělská ekonomika) 55, No. 7 (2009): 314–20. http://dx.doi.org/10.17221/52/2009-agricecon.

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The article presents the contribution to the research of questions concerning the price concepts from the point of view of the behavioural economy. According to this scientific discipline, contrary to the neo-classical economy, price is not always the most important factor determining the consumer’s purchase decision. The traditional spheres of behavioural approach to price perception have long been the analyses of the purchase processes of electronics and financial market products. Against this conception, the authors propose their own thesis on the possibilities of the behavioural approach utilization in the grocery market. Foodstuff is specific in many aspects, which is given by the fact that food products very often satisfy the very basic human needs. The thesis is backed up by the results of the primary inquiry of 3 520 respondents which has unveiled the fact that the consumer’s price perception of grocery products should be more likely examined by the means of behavioural economy than the classical theory of rational choice (homo oeconomicus). The conducted survey showed that the price is surprisingly the least important attribute of food products. Furthermore, after divisioning the addressed consumers into groups by their age or by the achieved education level, the percentage share of those who answered that price is very important when choosing grocery products was very fluctuating. The traditional neo-classical approach assumes a consistent or eventually increasing importance (in the case we accept the presumption that the consumer’s ability to decide rationally increases with a higher education level achieved). All findings of the primary inquiry then showed to be inconsistent with the traditional theory and in the author’s opinion, the behavioural research in the field of food markets has proven to be highly relevant.

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Nullmeier, Frank. "Towards a Political Theory of the Market Economy." World Political Science 10, no. 2 (2014): 281–311. http://dx.doi.org/10.1515/wpsr-2014-0015.

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AbstractSome authors make the dominance of markets responsible for the current crisis of Western democracies. In order to prevent a further development in a post-democratic direction political science has to scrutinize all strategies that aim to establish a predominance of politics including strategies beyond a better market regulation and a further expansion of the welfare state. The paper examines selected contributions to normative political theory in search for models of (1) the democratization of the market economy, (2) the creation of a just economy and (3) the moralization of market economies. Are justifiable models for a democratized economy, a just economy or a moralized market presented in the literature? The distinction between organizations and transactions proves to be important in order to answer the question of how a reconfiguration of the market economy dominated by standards of justice and political equality could look like. Models of internal democratization and self-management have been developed for companies as the organizational part of market economies. In contrast, there is no way to democratize market transactions themselves. With reference to John Rawls and his conception of a property-owning democracy the article analyses the inherent tendency of market transactions to contribute to an accumulation of inequality and the institutional models to limit or to compensate for these side effects of markets.

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Ojo, Tokunbo. "Political economy of Huawei’s market strategies in the Nigerian telecommunication market." International Communication Gazette 79, no. 3 (2017): 317–32. http://dx.doi.org/10.1177/1748048516689182.

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The growing internationalization of Chinese telecommunication companies’ business operation beyond the shore of Asian region is reconfiguring the global markets of telecommunication, and information and communication technologies in terms of chain of distribution, competition, and partnership. This is particularly evident in the African telecommunication markets where Huawei is now challenging the European and American multinational companies’ market dominance in telecommunication infrastructures, network expansion, and equipment supply. This article examines the political economy of Huawei’s business strategies and engagement in the Nigerian telecommunication sector, which is the biggest telecommunication market in the West African region.

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Dahl, Martin. "Ordolieral Roots of Ecological Market Economy." Review of Economic and Business Studies 11, no. 2 (2018): 115–29. http://dx.doi.org/10.1515/rebs-2018-0077.

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AbstractWestern Germany introduced the model of a Social Market Economy after World War II. This model has become an example of socio-economic reforms for many European countries. In the initial phase of the development of the new socio-economic policy concept, the postulate of "prosperity for all" was especially appealing as it considers economic policy and social policy as a whole. In subsequent years of development, particularly at the end of the twentieth century, the model of a Social Market Economy has become a source of foundation for creating new concepts and ideas that would include more aspects of responsible and sustainable development combined with proper care for resources and the natural environment. In the view of this, the aim of this paper is to attempt to answer the question of to what extent the Social Market Economy model can lay the foundation for sustainable, responsible and ecological development. In order to be able to answer such a research question, the author based his reasoning and analyses on the theory of ordoliberalism and the following research methods: factual analysis, comparative analysis and analysis of selected publications. The main findings of the research are that the concept of Social Market Economy contains numerous elements that can foster the implementation of the sustainable, responsible and ecological development of countries and societies.

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Booth, P. M. "The Political Economy of Regulation." British Actuarial Journal 3, no. 3 (1997): 675–707. http://dx.doi.org/10.1017/s1357321700005080.

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ABSTRACTThis paper examines the political economy of regulation, reviewing market socialist, neo-classical and public interest approaches to regulation and analysing the development of financial services and insurance regulation in these frameworks. However, the paper suggests that these approaches do not capture properly many of the features of a market and the behaviour of regulators. Public choice theory is discussed, and it is concluded that there has not been significant capture of the regulatory process by interest groups. Austrian economics is proposed as a possible framework within which to analyse markets and regulators. It is concluded that there is prima facie evidence to suggest that the Austrian view of the market is realistic and that regulation in insurance markets can have unforeseen and undesirable effects. The author also concludes that, until 1970, insurance regulation did not deviate from principles which are appropriate if either a public choice or Austrian view is taken. However, the Financial Services Act 1998 and the Pensions Act 1995 do deviate from those principles.

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Мусаева, Гульшат, and Gulshat Musaeva. "LABOR MARKET AS AN OBJECT OF REGULATION IN THE CONDITIONS FOR FORMATION OF SOCIAL-ORIENTED ECONOMY." Vestnik of Kazan State Agrarian University 12, no. 2 (2017): 116–20. http://dx.doi.org/10.12737/article_59ad0b24acf325.07422951.

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The article deals with the theoretical and methodological foundations of the labor market, its social and economic content, in particular, the subjects, the structure of the labor market and features, that distinguish it not only from the markets of goods and services, but also from the markets of other factors of production. An important feature of the labor market is that, like all other types of the market, it directly depends on the market situation, i.e. the ratio of supply and demand, which is formed depending on the state of the economy (rise or fall); branch structure of the economy; level of technical base development; well-being (income level of the population, including per capita income), development of the market for goods and services, housing, securities; state of social infrastructure; the development degree of the multistructure of the economy; measures to develop integration links (sectoral and territorial). In addition, it is influenced by demographic, ethno-social, political, environmental and some other factors. Depending on the relationship between supply and demand, the labor market situation can be of the following types: labor-deficit, when the labor market lacks labor supply; labor surplus, when there is a large number of unemployed in the labor market and, correspondingly, an excess of labor supply; equilibrium, when the demand for labor corresponds to his proposal. Various theoretical and practical approaches to the definition of the essence of the concept of “labor market” of domestic and foreign researchers are analyzed. The concept of “social and economic content of the labor market” is formulated and the author’s interpretation of the economic category “labor market” as an object of regulation under the conditions of the formation of a socially-oriented economy is scientifically grounded.

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Davidescu, Adriana Anamaria. "Measuring the social market economy. A composite index approach for EU countries." Proceedings of the International Conference on Business Excellence 11, no. 1 (2017): 227–40. http://dx.doi.org/10.1515/picbe-2017-0024.

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Abstract The main objective of the paper was to construct a synthetic measure that can be used as benchmark for measuring the progress toward convergence to the social market economy as specification of the Lisbon Treaty. This kind of approach will enable us to identify the main determinants of the social market economy among EU member states using a principal component analysis technique (PCA) analyzing comparatively different group of countries. The analysis was conducted at the level of the 28 EU countries for the year 2013 using 15 indicators from four categories: efficient market allocation, efficient property rights, economic and ecological sustainability and social inclusion. The empirical results revealed that the key determinants in explaining the social market economy at European level are freedom of contract, open markets, financial stability and effective environmental protection and highlighted Sweden, Finland, Denmark, Estonia and Germany as the main poles of social market economy at European level while at the opposite side Romania, Hungary and Bulgaria registered the smallest level of social market economy. As main contribution brought by the paper there can be mentioned the attempt of measuring the level of social market economy at European level using an aggregate composite index for the level of 2013 highlighting the main poles of social economy.

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Yegorenkov, N., E. Kazakova, and M. Starodubtseva. "Phase Model of Market Economy." Voprosy Ekonomiki, no. 8 (August 20, 2005): 41–47. http://dx.doi.org/10.32609/0042-8736-2005-8-41-47.

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The phase model of market economy is suggested in the article. It is formalized in the cubical equation The equation takes into account the imperfections of competition and the fact that consumer goods are produced with the help of means of production. Transitions from the imperfect competition to the perfect one and visa versa yield qualitative status change of market economy.

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Krabec, Tomáš. "Ordoliberalism and social market economy." Politická ekonomie 51, no. 6 (2003): 881–99. http://dx.doi.org/10.18267/j.polek.444.

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Zagórski, Z. P. "Radiation processing and market economy." Radiation Physics and Chemistry 52, no. 1-6 (1998): 607–9. http://dx.doi.org/10.1016/s0969-806x(98)00165-0.

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Journal articles on the topic 'And Market Economy'

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