Cost Limit

DOI: 10.33917/es-4.202.2025.122-127

The article offers a critical view on the cost limit problem in the new era’s economic strategy. Analysis of the modern circulation of capital shows that, in addition to cer tain signs of the capital transformation, such as transition to abstract money in the absence of money linking to a universal material equivalent, displacement of physical labour from material production and, as a consequence, a change in the organic structure of capital, which limits final consumption, it becomes necessary to have the institution of a lender of last resor t and to develop a mechanism for refinancing loans. All this results in formation of accelerating capital as a new, more ef ficient form of capital, which is characterized primarily by the possibilit y of expanding supply through welfare growth. The authors illustrate how many times the accelerator capital is more ef fective than the financial capital. From this, they conclude that accelerator capital overcomes the cost limit when capital extracts profit from the growth of a human well-being and welfare of the societ y as a whole.

References:

1. Shvab K., Vankhem P. Kapitalizm vseobshchego blaga. Novaya model’ ekonomiki [Common Good Capitalism: A New Model of Economy]. Moscow, Bombora, 2022, p. 56.

2. Gruppa Mirovogo banka: Indikatory mirovogo razvitiya [World Bank Group: World Development Indicators]. Vashington, 2023.

3. Marks K. Kapital: Marks K., Engel’s F. Sochineniya [Marx K. Capital: W orks]. 2-e izd., vol. 23. Moscow, GIPL, 1960, p. 136.

On the Target Orientation of a Regional Strategy for Socio-Economic Development

DOI: 10.33917/es-1.167.2020.6-17

In the second part of the article, as an example of regional strategies of the Vladimir, Kostroma, Irkutsk regions of Russia, Trans-Baikal Territory and St. Petersburg, as well as regional strategies for the Kyzylorda and Akmola regions of Kazakhstan, the author examines the level of social development of the region and assesses its target orientation to improve the welfare of its population. It is concluded that the preservation of the health of the population, especially children and able-bodied citizens, is the highest goal in the field of improving welfare

The Theory of the Team Production in Corporate Governance: the Right to Life

#1. Change of Leader
The Theory of the Team Production in Corporate Governance: the Right to Life

The article analyzes the structure of corporate governance, which bears the name of “team production”. The theory of team production assumes not only (not so much) increase of the owners welfare, but supposes assessment of each participant’s contribution into corporate governance, into the final result of the company’s activity through mutual cooperation. The author considers the theory of team production aimed at ensuring socio-economic well-being of society, not just to receive corporate benefit. With the help of the presented model it is possible to improve qualitatively the structure of corporate governance.