The Role of Fundamental Science in Providing Financial-Economic Security

#9. Execution Excess
The Role of Fundamental Science in Providing Financial-Economic Security

With the capitalist economy development more evident becomes the tendency of a definite isolation of financial sphere from the so-called “real sector” of economy. This “isolation” is supported the basic principles of economic thought, in particular by money neutrality principle (the classic dichotomy) of the neoclassical school. Today, financial sector and financial capital have transformed from a mediator serving reproduction into a key factor, largely determining economic development of both individual national economies and the world economy as a whole. Hypertrophic growth of financial sector causes a widening gap between material-substantial and financial flows. Resulting imbalances lead to severe crises phenomena, the most powerful of which is the global crisis began in 2008. Its effects are still determining a high degree uncertainty of the whole world development. This article deals with scientific comprehension of the problem of providing financial and economic security of an open economy, which includes Russia, in arising difficult conditions of increasing instability and global competitive tension.

The Role of Fundamental Science in Providing Financial-Economic Security

#8. Some Time in Petrograd...
The Role of Fundamental Science in Providing Financial-Economic Security

With the capitalist economy development more evident becomes the tendency of a definite isolation of financial sphere from the so-called “real sector” of economy. This “isolation” is supported the basic principles of economic thought, in particular by money neutrality principle (the classic dichotomy) of the neoclassical school. Today, financial sector and financial capital have transformed from a mediator serving reproduction into a key factor, largely determining economic development of both individual national economies and the world economy as a whole. Hypertrophic growth of financial sector causes a widening gap between material-substantial and financial flows. Resulting imbalances lead to severe crises phenomena, the most powerful of which is the global crisis began in 2008. Its effects are still determining a high degree uncertainty of the whole world development. This article deals with scientific comprehension of the problem of providing financial and economic security of an open economy, which includes Russia, in arising difficult conditions of increasing instability and global competitive tension.

Orthodox Banking as a Socially Oriented Model of the Credit System

#5. The Forerunners of Memory

The financial system of modern world market economy is not only means of functioning of world economy, but it has everything that is necessary to perform functions of global management system for social and economic development of every nation. It requires the development of new social-oriented model of credit system (orthodox banking) with special institutions that would operate according to ethical standards of business and religious values. Our research reflects opportunities of modernization of Russian credit system in post-crisis period, and there is described new attitude to banking system, which provides new type of banking service.

Need for Market Reforms in the Strategy of Socio-Economic Development of Russia

#8. Is a burden of one’s own choice is not felt?

Reform we call system of the actions aimed at radical reorganization of the reformed sphere of economy which are carried out not with small steps for the long period of time, and is concentrated, in rather short term, for example in one-three years.

A New Model of Economic Growth in Russia

#3. Expectation of Light

What kind of financial system is it, in which incredible for other countries losses of foreign exchange reserves, acquired with such difficulty over the decades, occur? It is clear that such financial system needs major adjustments.

The Role of Parliament in the Economic and Financial Crisis. Work for the Prospects: Lessons of the Past and Modern Solutions in France

#12. Evil People

The lessons of history allow us to clarify contemporary issues, even despite the fact that every financial crisis has its own specifics. However, if we put aside the singlevalue decisions, we shall be able to identify constantly recurring problems that become apparent in those periods when public financial system malfunctions.