Author page: Vladimir Morozov

Combination of Financial Research Methodologies


The article analyzes mathematical modeling as a methodology for the study of finance, which today is quite limited and outdated. The directions of the introduction of additional methodology in the field of finance — behavioral science are studied. The behavioral methodology is revealed for: predicting the reaction of investors; considering the general question of how financial markets help the country in allocating resources and ensuring long-term economic stability; contributing to improving the process of making financial and investment decisions. The usefulness of introducing behavioral models into financial science is substantiated, which in combination with mathematical modeling will allow for significant updates in this area.



1. Bukhvalov A.V., Okulov V.L. Klassicheskie modeli tsenoobrazovaniya na kapital’nye aktivy i rossiiskii fondovyi rynok. Chast’ 1. Empiricheskaya proverka modeli CAPM [Classic Pricing Models for Capital Assets and the Russian Stock Market. P. 1. Empirical Verification of the CAPM Model]. Nauchnye doklady, 2006, no 36 (R). Saint Petersburg, NII menedzhmenta SPbGU.

2. Semenkova E.V. Operatsii s tsennymi bumagami [Operations with Securities]. Moscow, Poisk, 2005, p. 374.

3. Zaleznik A., Christensen S.R., Roethlisberger F.J. Motivation, Productivity and employee Satisfaction. Boston, Harvard University Graduate School of Business Administration, 1958.

4. Fama E., Miller M.H. Theory of Finance. Hinsdale, Dryden Press, 1972.

5. Simon H.A. Rationality as Process and as Product of Thought. Richard T. Ely Lecture. American Economic Review, May, 1978, vol. 68, N 2, pp. 1–16. American Economic Association, 1978.

6. Herzberg F. Work and Human Nature. New York, World Publishing Co., 1966.

7. Maslow A. Motivation and Personality. New York, Harper & Bros, 1954; 1987.

8. Fourier J.B.J. The Analytical Theory of Heat, quoted in Herbert A. Simon’s book “Human Models”. New York, John Wiley & Sons, Inc., 1957.

9. Filer R., Maytal Sh., Simon J. “Risk Taking and Risk Aversion: A Stock Market Simulation Game”, unpublished paper read at the Eastern Financial Association Spring Meeting. April 21, 1979. Washington, DC.

10. Ash S.E. Opinions and Social Pressure: Readings in Management Psychology. Ed. Harold J. Leavitt and Louis R. Pondy. Chicago, University of Chicago Press, 1964, pp. 304–314.

11. Friedman M., Savage L.J. An Analysis of the Utility of Risk-taking Choices. Journal of Political Economy, August, 1948, pp. 279–304.

Spirituality of Society and Spiritual Economy


The article examines the history of the formation of spirituality in the East and West and examines modern problems of spirituality in society. The compatibility of the values of the West and the East is studied and the composition of the key laws and principles of the main religions of the world in the life of society is integrated. The combination of secular and religious spirituality is studied. The basics and provisions of labor ethics in the countries of the East and West are considered, and the attitude of the main religions to labor, wealth, property, and the economy is compiled. The definition of spiritual economy is proposed, and evaluation criteria are given, as well as an introductory composition of its characteristics is formed

Theories of Society and Risks of Its Development

DOI: 10.33917/es-2.168.2020.124-133

The article deals with various types of characteristics of society and its sphere of activity. Various types and groups of theories of society development are studied. It is revealed — what values are laid by scientific schools in the life of society. Global problems and contradictions, which are a brake and at the same time a stimulus for its development, are defined. The planetary scheme of interrelations and mutual influence of global risks for society is developed. The gradation of modern problems of society from risks with the indication of the main problems of social and economic character is carried out. The separate directions of development of society and tools which reduce emergence and development of risks for it are considered

Modelling Cyclical Development of Society

#2. Breakthrough Betting
Modelling Cyclical Development of Society

The article discusses various types of systems development cycles and their mechanisms. The paper presents development of socio-economic systems, describes periods of their dynamics, as well as sources of their formation and cycle stimulators in the form of innovations, values, needs with the dynamics of cycles speeding up. The combination of socio-economic and socio-cultural cycles in the spiritual life of society is described. A planetary model of society development is proposed. A variant of spiral-cyclical development of society in phases is formed.

Change of Social Formations and Civilizations Compatibility

#5. Longstanding Generation
Change of Social Formations and Civilizations Compatibility

The article presents various types and structures of social formations. Сivilizational and formational approaches are considered, their comparative analysis is given. The author presents classification structure of civilizations and the place of human values with elements of civilization. He also deals with issues of interrelations, mutual influence and interaction of civilizations with regard to present-day problems of society and communities. The levels and forms of civilizations interaction are compared taking into account the processes of globalization, glocalization and humanization. The function of compatibility and interaction of factors of civilizations general development is formulated.

Image Socio-Economic and Socio-Cultural State Guidelines

#4. Until the Thunder Breaks Out
Image Socio-Economic and Socio-Cultural State Guidelines

The author outlines that the information field, being expanded on the basis of modern high technologies, was imbued with the symbolic capital of the Russian culture, uniting multifaceted and multifunctional efforts of the participants.

The Structure of Society, Interaction of Its Subsystems and Elements

#6. The Charm of Unattainable Peaks
The Structure of Society, Interaction of Its Subsystems and Elements

The article presents the structural subsystems of society, which are the mechanisms of its support (stabilization or preservation) with emphasis on social relations. The autor analizes the views and opinions of scientists regarding the social organism filling with the basic system elements. Types of social structures are presented, including socioethnic, socio-demographic, socio-spatial, stratification one and others. The definition of social interaction is given with nuances: socio-economic, socio-political and socio-cultural interactions. Interactions and mutual influences of the sources and stimulators of society renewal are defined. The variant of functional conformity of the compatible environment of renewing and subsystems of the society organizations is offered. The assumption on expansion of the society subsystems to seven spheres on the basis of a cyclic model of its development is set forth.