The "Economic Strategies" journal

2022 #5. Noblesse Oblige




New Energy and Raw Material Currency Unit for International Trade Settlements

DOI: https://doi.org/10.33917/es-5.185.2022.78–86

The article elaborates in detail the project of creating a neutral international currency for settlements in international trade — ERMU (Energy and Raw Material Unit), the purchasing power of which does not depend on political and economic actions of any country, nor on the exchange rate of national currencies. ERMU isn’t bound to any national currency, its purchasing power is nominated in a strictly specified amount of basic export energy raw materials of world trade — gas, oil, coal, ferrous and non-ferrous metals, mineral fertilizers, wheat and gold.

Switching of international trade to ERMU will allow us to avoid the dictatorship of dollar and euro and to break the unnatural order in international trade, established after the Second World War, under which all countries traded with each other for the national currency of one country — the US dollar. In addition, the introduction of the ERMU will render meaningless any arrests and confiscation by Western countries of the assets of countries and individuals objectionable to them.

 

Dogma of the Superiors Infallibility

DOI: https://doi.org/10.33917/es-5.185.2022.87-91

Review of the book by the famous Russian economist, sociologist and politician V.L. Inozemtsev “Economy without dogmas: how the US is creating a new economic order”, published in 2021 by Alpina-Publisher.

 

Moscow — Third Rome (and the Fourth do not Happen)

DOI: https://doi.org/10.33917/es-5.185.2022.107-113

The talk of “vision of the future” that has been going on in recent years actually ignores the fact that in our history this problem has been solved. Having proclaimed: “Moscow is the Third Rome,” Elder Philotheus did not simply formulate an ideologeme, due to the necessity of that time. He expressed the idea of our statehood, which developed from the very beginning of its formation and determined the movement of our country.

References:

 

1. Kulikov D.E., Sergeitsev T.N. Ideologiya russkoi gosudarstvennosti [The Ideology of Russian Statehood]. Saint Petersburg, Piter, 2020.

2. Bogdanov A.A. Tektologiya [Tectology]. Moscow, Finansy, 2003.

3. Bogdanov A.A. Nauka ob obshchestvennom soznanii: Poznanie s istoricheskoi tochki zreniya (Izbrannye psikhologicheskie trudy) [The Science of Social Consciousness: Knowledge from a Historical Point of View (Selected Psychological Works)]. Moscow, Moskovskii sotsial’no-psikhologicheskii institut, 1999.

4. Khaidegger M. Nauka i osmyslenie: Bytie i vremya [Science and Understanding: Being and Time]. Moscow, Respublika, 1993.

5. Gumilev L.N. Drevnyaya Rusi Velikaya step’ [Ancient Russia and the Great Steppe]. Moscow, Astrel’, 2012.

6. Khaidegger M. Vopros o tekhnike: Bytie i vremya [The Question of Technology: Being and Time]. M.: Respublika, 1993.

7. Gumilev L.N. Ot Rusi do Rossii [From Rus to Russia]. Moscow, Airis-Press, 2001.

8. Stalin I.V. Ekonomicheskie problemy sotsializma v SSSR [Economic problems of socialism in the USSR]. Moscow, Gospolitizdat, 1952.

9. Pyzhikov A.V. Grani russkogo raskola [Facets of the Russian Split]. Moscow, Drevlekhranilishche, 2013.

10. Fromm E. Imetili byt’ [To Have or to Be]. Moscow, AST, 2016.

The USSR Collapse in the Light of Fractal Cyclical Nature of the Russian History

DOI: https://doi.org/10.33917/es-5.185.2022.114-119

The article proposes an approach to the problem of the USSR collapse within the framework of interdisciplinary direction of megahistory and global evolution, where the USSR collapse itself turned up to be a bifurcation of the scale invariance of the producing economy history. Its final world cycle gives a picture of periods that completely coincides with the written history of Ancient Russia — the Russian Empire — the USSR.

References:

 

1. Kuzyk B.N., Ageev A.I., Dobrocheev O.V., Kuroedov B.V., Myasoedov B.A. Rossiya v prostranstve i vremeni (istoriya budushchego) [Russia in Space and Time (History of the Future)]. Moscow, INES, 2004, 336 p.

2. Kul’pin E.S. Geneticheskie kody tsivilizatsii. Sotsioestestvennaya istoriya. Genezis krizisov prirody i obshchestva v Rossii [Genetic Codes of Civilizations. Socionatural History. Genesis of Crises of Nature and Society in Russia]. Vyp. 4. Moscow, Moskovskii litsei, 1995, pp. 32–35.

3. Kul’pin E.S. Sotsioestestvennaya istoriya. Ot metoda — k teorii, ot teorii — k praktike [Socionatural History. From Method to Theory, From Theory to Practice]. Volgograd, Uchitel’, 2014.

4. Gridchin I.V. Sotsioestestvennaya istoriya kak megatsikl istorii chelovechestva [Socionatural History as a Megacycle of Human History]. Istoriya i sovremennost’, 2017, no 1, pp. 177–183.

5. Gridchin I.V. Troichnyi ritm faz sotsial’noi megaistorii. Ego prikladnoe znachenie dlya sistemnogo analiza i prognozirovaniya. Evolyutsiya. Patterny evolyutsii [The Ternary Rhythm of the Phases of Social Megahistory. Its Applied Significance for System Analysis and Forecasting. Evolution. Evolution Patterns]. Volgograd, Uchitel’, 2018, pp. 139–156.

6. Kul’pin E.S. Zolotaya Orda: sud’by pokolenii [Golden Horde: Destinies of Generations]. Vyp. XXVIII. Moscow, INSAN, 2006. (Seriya: Sotsioestestvennaya istoriya. Genezis krizisov prirody i obshchestva v Rossii.)

7. Bzhezinskii Z. Soedinennye Shtaty prevyshe vsego. Mezhdunarodnye posledstviya 1989 goda [The United States Above All. International Consequences of 1989]. Nezavisimaya gazeta, 1999, November 24.

8. Bulkin V.A., Dubov I.V., Lebedev G.S. Arkheologicheskie pamyatniki Drevnei Rusi IX–XI vekov [Archaeological Sites of Ancient Russia of the 9th–11th Centuries]. Leningrad, LGU, 1978.

9. Gridchin I.V. Raspad SSSR [Collapse of the USSR]. Priroda i chelovek. XXI vek, 2017, no 4, pp. 19–22.

10. Slavkina M.V. Triumf i tragediya. Razvitie neftegazovogo kompleksa SSSR v 1960–1980-e gody [Triumph and Tragedy. Development of the Oil and Gas Complex of the USSR in the 1960s–1980s]. Moscow, MAKS-Press, 2002.

Cognitive Platform as an Institutional Structure for Making Socially Significant Decisions

DOI: https://doi.org/10.33917/es-5.185.2022.120-131

The article is devoted to the anthropic regulation of social processes in the conditions of social extremum. According to the authors, the way out of the “crisis of crises” is possible thanks to the functioning of a special information and semantic object — a cognitive platform that allows for the regulation of society in accordance with a new self-similar attractor of the historical process “from the future”. At the same time, the pathological structures of society that prevent the transition to a new level of development will not be able to function and reproduce.

References:

 

1. Panov A.D. Krizis planetarnogo tsikla universal’noi istorii [C risis of the Planetary Cycle of Universal History]. Moscow, NIIYaF MGU, 2005.

2. The Many-Worlds Interpretation of Quantum Mechanics. Edited by B. S. DeWitt and N. Graham. Princeton, Princeton University Press, 1973.

3. Nazaretyan A.P. Nelineinoe budushchee: megaistoricheskie, sinergeticheskie i kul’turno-psikhologicheskie predposylki global’nogo prognozirovaniya [Nonlinear Future: Mega-historical, Synergetic and Cultural-Psychological Prerequisites for Global Forecasting]. Moscow, Institut vostokovedeniya RAN, 2013, p. 303.

4. Onishchenko E. Poluprovodnikovye geterostruktury: ot klassicheskikh k nizkorazmernym, ili “Konstruktor” ot nobelevskogo laureata [Semiconductor Heterostructures: from Classical to Low-Dimensional Ones, or “Designer” Kit from the Nobel Laureate]. Scientific.ru, available at: http://www.scientific.ru/journal/onisch/onisch.html.

5. Tsarev D., Trofimova A., Alodyants A., Khrennikov A. Fazovye perekhody, kollektivnye emotsii i problema prinyatiya reshenii v geterogennykh sotsial’nykh sistemakh [Phase Transitions, Collective Emotions and the Problem of Decision Making in Heterogeneous Social Systems]. Springer Nature, 2019, 2 dekabrya, available at: https://www.nature.com/articles/s41598-019-54296-7.

6. Khrennikov A. Sotsial’nyi lazer: primenenie kvantovykh informatsionnykh i polevykh teorii k modelirovaniyu sotsial’nykh protsessov [Social Laser: Application of Quantum Information and Field Theories to the Social Processes Modeling]. Ridero, 2019, available at: Social Laser: Application of Quantum Information and Field Theories to Modeling of Social Processes.

7. Nasonov A.N., Tsvetkov I.V., Zhogin I.M., et al. Fraktaly v naukakh o Zemle [Fractals in Earth Sciences]. Ucheb. posobie. Voronezh, 2018, 82 p.

8. Malinetskii G.G., Potapov A.B. Dzhokery, rusla ili poiski tret’ei paradigmy [Jokers, Channels or Searching for the Third Paradigm]. Sinergeticheskaya paradigm. Moscow, 2000, Sait S.P. Kurdyumova “Sinergetika”, available at: http://spkurdyumov.ru/introduction/dzhokery-rusla/

9. Sundiev I.Yu. Lichnost’, gruppa, obshchestvo v ekstremal’nye periody razvitiya [Individual, Group, Society in the Extreme Periods of Development]. Moscow, 1993, 273 p.

10. Vladimir Putin prinyal uchastie v XVIII Ezhegodnom zasedanii Mezhdunarodnogo diskussionnogo kluba «Valdai»: Stenogramma plenarnoi sessii [Vladimir Putin Took Part in the XVIII Annual Meeting of the Valdai International Discussion Club: Plenary Session Transcript]. Diskussionnyi klub “Valdai”, 2021, 21 oktyabrya, available at: https://ru.valdaiclub.com/events/posts/articles/vladimir-putin-xviii-ezhegodnoe-zasedanie-mezhdunarodnogo-diskussionnogo-klubavalday-stenogramma/

Combination of Financial Research Methodologies

DOI: https://doi.org/10.33917/es-5.185.2022.132-137

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.

References:

 

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.

Energy and Climate Change: Modeling the Relationship

DOI: https://doi.org/10.33917/es-5.185.2022.138-145

Assessing feasibility and possible consequences of integrated energy consumption regulation requires the creation of hybrid model complexes that combine climate modeling, energy modelling and economic modeling as well as investment in the development of certain technologies and areas. These model complexes allow to build various long-term development scenarios for the world and individual regions and countries, to assess the impact of introduced policies and regulation methods on all stakeholders and on the economy and public welfare in general. The paper describes the basic approaches to modeling and also considers in detail the European set of models and the main results that it provides at the output. Taking into account this foreign experience in developing assessments of the economic consequences of climate change and decarbonization, according to the author, will be useful for Russia.

References:

 

1. Parizhskoe soglashenie [Paris Agreement]. Organizatsiya Ob”edinennykh Natsii, available at: https://www.un.org/ru/climatechange/paris-agreement.

2. Energoperekhod i riski dlya Rossii [Energy Transition and Risks for Russia]. Neftegazovaya vertikal’, 2021, 13 marta, available at: http://www.ngv.ru/magazines/article/energoperekhod-i-riski-dlya-rossii/

3. Boiko A.N. Gosudarstvennaya korporatsiya “Rosatom”: unikal’naya forma vnutrisistemnogo upravleniya i khozyaistvovaniya [“Rosatom” State Corporation: a Unique Form of Intra-System Control and Management]. Menedzhment i biznes-administrirovanie, 2020, no 4, pp. 25–36.

4. Kpasyukova N.L. Otsenka innovatsionnoi sostavlyayushchei chelovecheskogo kapitala Nizhegorodskoi oblasti [Evaluating the Innovation Component of the Human Capital of the Nizhny Novgorod Region]. Samoupravlenie, 2021, no 4(126), pp. 420–427.

5. Britz W., Ittersum М., van, Lansink A.O., Heckelei T. Tools for integrated assessment in agriculture. State of the art and challenges. Bio-based and Applied Economics, 2012, N 1(2), pp. 125–150, available at: DOI: https://doi.org/10.13128/BAE-11232.

6. Jansson T., Britz W. Sequential calibration of economic simulation models, the cases of CAPRI and a CAPRI-GTAP link. Paper presented at the Annual Conference on Global Economic Analysis, Bangkok, Thailand, June 9–11, 2010, available at: https://www.gtap.agecon.purdue.edu/resources/download/4991.pdf.

7. Jacoby H.D., Sch fer A. Experiments with a hybrid CGE-MARKAL model. Energy Journal, 2006, N 27, pp. 171–178.

8. Lanz B., Rausch S. General equilibrium, electricity generation technologies and the cost of carbon abatement: A structural sensitivity analysis. Energy Economics, 2011, N 33, pp. 1035–1047.

9. Weitzel M., Vandyck T., Keramidas K., et a1. Model-based assessments for long-term climate strategies. Nat. Clim. Chang., 2019, N 9, pp. 345-347, available at: DOI: https://doi.org/10.1038/s41558-0l9-0453-5.

10. Wene CO. Energy-economy analysis: linking the macroeconomic and systems engineering approaches. Energy, 1996, N 21(9), p. 809e24.

Determining the Optimum Power Supply Configuration of an Isolated Mining Industry Facility Using a Autonomous Hybrid Power Plant Including a Hydrogen Energy Storage System

DOI: https://doi.org/10.33917/es-5.185.2022.146-156

The article gives a brief description of the concept of autonomous hybrid power plant with hydrogen energy storage system, lists the main elements of the power complex and their characteristics, describes the technical and economic model and calculation algorithms, allowing to obtain a pre-project vision of the power complex, as well as to make an operational assessment of the economic feasibility of its introduction into the power supply system of mining industry facilities in isolated and hard-to-reach territories of the Russian Federation.

References:

 

1. Ob”ekty generatsii v izolirovannykh i trudnodostupnykh territoriyakh v Rossii [Generation Facilities in Isolated and Hard-to-reach Territories in Russia]. Analiticheskii tsentr pri Pravitel’stve Rossiiskoi Federatsii, 2020, available at: https://ac.gov.ru/uploads/2-Publications/analtika/A2.pdf.

2. MakKraken M. Nakoplenie energii kak sposob radikal’no sokratit’ uglerodnye vybrosy [Energy Storage as a Way to Radically Reduce Carbon Emissions]. Vestnik tsentra Organizatsii Ob”edinennykh Natsii po promyshlennomu razvitiyu. YuNIDO, 2012, N 8, pp. 66–71.

3. Shafiev D.R., Trapeznikov A.N., Khokhonov A.A., Agarkov D.A., Bredikhin S.I., Chichirov A.A., Subcheva E.N. Metody polucheniya vodoroda v promyshlennom masshtabe. Sravnitel’nyi analiz [Industrial-scale Hydrogen Production Methods. Comparative Analysis]. Uspekhi v khimii I khimicheskoi tekhnologii, 2020, no 12 (235), pp. 53–57, available at: https://elibrary.ru/download/elibrary_44712152_30607278.pdf.

4. Tarasov B.P., Lototskii M.V., Yartys’ V.A. Problema khraneniya vodoroda i perspektivy ispol’zovaniya gidridov dlya akkumulirovaniya vodoroda [Hydrogen Storage Problem and Prospects of Using Hydrides for Hydrogen Accumulation]. Rossiiskii khimicheskii zhurnal, 2006, no 6, pp. 34–48, available at: https://www.elibrary.ru/item.asp?id=9503259.

5. Wolf E. Large-Scale Hydrogen Storage. Electrochemical Energy Storage for Renewable Sources and Grid Balancing, 2015.

6. Il’kovskii K.K., Karpov V.E. Metodika provedeniya operativnoi otsenki investitsionnoi privlekatel’nosti modernizatsii elektrostantsii v izolirovannykh I trudnodostupnykh raionakh [Methodology of Operational Assessment of Investment Attractiveness of Modernization of Power Plants in Isolated and Hard-to-reach Areas]. Mikroekonomika, 2021, no 3, pp. 75–85, available at: DOI: https://doi.org/10.33917/mic-3.98.2021.75-85.

Foreign Direct Investment and Industrial Policy (Based on Examples of Certain Countries)

DOI: https://doi.org/10.33917/es-5.185.2022.6-11

The goal of the study is an attempt to rethink the role of Foreign Direct Investment, Industrial Policy and others phenomenon.

The author propose a new analysis of them in today’s conditions and circumstances. This article uses statistics published by OECD and IMF. The article pays particular attention to different approaches of certain countries (USSR, Russia, Italy, South Korea) in the field of import of Foreign Direct Investment and in the field of the Industrial Policy. Based on many years of the author’s experience in the Russian banking sphere and Russian business, the author puts forward certain economic advice to regulators in Russia.

References:

 

1. IMF. World Economic Outlook — Rising Caseloads, a Disrupted Recovery, and Higher Inflation. Washington, DC, 2022.

2. IMF. World Economic Outlook — War Sets Back the Global Recovery. Washington, DC, 2022.

3. Soboleva Inna. Les experts russes redoutent une guerre mondiale d’ici dix ans. FR. Russia Beyond, 2013, April 16, available at: https://fr.rbth.com/tech/2013/04/16/les_experts_russes_redoutent_une_guerre_mondiale_dici_dix_ans_23165.

4. Glazyev S. How to win the war. Top War, 2014, July 26, available at: https:www.en.topwar.ru.

5. Kondratieff N. The World Economy and its Conjunctures during and after the War. Moscow, International Kondratieff Foundation, 2004.

6. Trotsky L. La courbe du d velopppement capitaliste. Marxists, 1923, Avril 21, available at: https://www.marxists.org/francais/trotsky/oeuvres/1923/04/lt19230421.htm.

7. Pokidchenko M.G. Sushchestvuet li ekonomicheskii tsikl? [Is there an Economic Cycle]. Voprosy teoreticheskoi ekonomiki, 2017, no 1, pp. 66–73, available at: http://questionset.ru/files/arch/2017/2017-N1/VTE_2017_1.pdf.

8. Ershov M.V, Lokhmachev V.F., Tatuzov V.Yu, Tanasova A.S. Global’nyi krizis (sravnitel’nyi analiz tsiklicheskikh protsessov) [About Tendencies of Global Crisis]. Bankovskoe delo, 2009, no 5, pp. 16–20, available at: https://www.elibrary.ru/contents.asp?id=33338082.

9.FDI in Fugures. Paris, OECD, 2022, April, available at: www.oecd.org.

10. Putin V. Economic Tasks. Working Day, 2012, January, 30, available at: http://archive.premier.gov.ru/eng/events/news/17888/

11. Ministerial Decree No. 328 validating the State Program of the Russian Federation “Development of industry and increase of its competitiveness” (аpril 2014), available at: http://extwprlegs1.fao.org/docs/pdf/rus170671.pdf.

12. Federal Law No. 488-FZ of December 31, 2014 “On Industrial Policy”. FAO, available at: https://www.fao.org/faolex/results/details/ru/c/LEX-FAOC170671/

13. Vstrecha s chlenami pravitel’stva [Meeting with Governments Members]. Ofitsial’nyi sait Prezidenta RF, 2022, 23 marta, available at: http://en.kremlin.ru/events/president/news/68037.

14. Idrisov G.I. Promyshlennaya politika Rossii v sovremennykh usloviyakh [Towards Modern Industrial Policy for Russia]. Moscow, Izd-vo Instituta Gaidara, 2016.

15. Strukturno-investitsionnaya politika v tselyakh ustoichivogo rosta i modernizatsii ekonomiki: Nauchnyi doklad [Structural and Investment Policy for Sustainable Growth and Modernization of the Economy: Scientific Report]. Pod red. V.V. Ivantera. Moscow, INP RAN, 2016.