Author page: Vadim Fedorenko

Lessons of Devaluation

#5. To Understand. To Prevent. To Overcome
Lessons of Devaluation

The article shows the consequences of the RF Central Bank current monetary policy, analyzes its theoretical prerequisites and the results of its application in practice. In particular, the authors consider the differences between the inflation targeting monetary policy, which is carried out in Russia, and the experience of its application in the EU and the USA. Particular attention is paid to the Central Bank activities during devaluation in 2014 – 2015, immediate consequences for the various sectors of the Russian economy of the measures taken are analyzed in detail. The authors also propose fundamentally different approach to pursuing this policy, necessary to overcome negative results of the previous actions of the Bank of Russia. These steps mentioned in the article imply introduction of a new emission model, transformation of the Russian ruble in the world currency, increasing stability of its exchange rate.

Capital Concentration and Centralization. Similarities, Differences, Economic Importance

#10. Russia Concentrates?
Capital Concentration and Centralization. Similarities, Differences, Economic Importance

In today’s world a profit of certain companies is constantly changing, their mergers or acquisitions are very often. But is it possible to predict these indicators’ behavior or at least to explain how they work behindhand? The answer to this question is related to the capital concentration and centralization concepts and to the corresponding theoretical apparatus developed by Karl Marx. But how does this apparatus work in real life, are all its prerequisites to be performed, are there any factors that it does not consider? Or maybe this whole theory is worth no more than the paper on which it was written? The answers to all these questions constitute the contents of this essay. Thus, the paper considers practical application of Marx’s theoretical theses on capital concentration and centralization.