+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

Moral aspect in overcoming adverse events of information asymmetry in a market economy

Vol. 29, Iss. 4, APRIL 2023

Received: 6 April 2023

Received in revised form: 13 April 2023

Accepted: 20 April 2023

Available online: 27 April 2023

Subject Heading: THEORY OF FINANCE

JEL Classification: В1, В2, О1

Pages: 777–794

https://doi.org/10.24891/fc.29.4.777

Dmitrii A. FIRSOV Association "Finnauchprosvet", St. Petersburg, Russian Federation
firsov_d@mail.ru

ORCID id: not available

Il’ya V. VESELOV Association "Finnauchprosvet", St. Petersburg, Russian Federation
iveselov@mail.ru

ORCID id: not available

Subject. This article examines the obstacles to new industrialization in Russia aimed to achieve sustainable growth of gross domestic product.
Objectives. The article aims to prove the systemic nature of the obstacles to the implementation of new industrialization in Russia, which prevents a fundamental increase in the percentage of long-term high-tech projects in the economy, despite the declared goals.
Methods. For the study, we used systems and functional-structural analyses, observation, classification, mathematical methods, comparison, and generalization.
Results. The article reveals the essential components of the social and economic development of the country in the context of information asymmetry.
Conclusions and Relevance. To introduce a new value approach in the economy, it is necessary to develop an evidence base based on financial calculations and strategic development plans that are accessible to every citizen. The system of financial literacy of the population seems to be a tool for such implementation.

Keywords: market economy, asymmetry of information, new industrialization, moral behavior

References:

  1. Akerlof G.A., Shiller R.J. Spiritus Animalis, ili Kak chelovecheskaya psikhologiya upravlyaet ekonomikoi i pochemu eto vazhno dlya mirovogo kapitalizma [Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism]. Moscow, Al'pina Biznes Buks Publ., 2010, 272 p.
  2. Marx K. Kapital [Das Kapital. Kritik der politischen Ökonomie]. Leningrad, Gosudarstvennoe izdatel'stvo politicheskoi literatury Publ., 1952, vol. 1, 794 p.
  3. Smith A. Teoriya nravstvennykh chuvstv [The Theory of Moral Sentiments]. Moscow, Respublika Publ., 1997, 351 p.
  4. Smith A. Issledovanie o prirode i prichinakh bogatstva narodov [An Inquiry into the Nature and Causes of the Wealth of Nations]. Moscow, Eksmo Publ., 2007, 1037 p.
  5. Mandeville B. Basnya o pchelakh, ili Poroki chastnykh lits – blaga dlya obshchestva [The Fable of the Bees or Private Vices, Publick Benefits]. Moscow, Nauka Publ., 2000, 291 p.
  6. Hirschman A.O. Interesy. V kn.: Ekonomicheskaya teoriya. Pod red. Dzh. Ituella, M. Milgeita, P. N'yumena [Interests. In: J. Eatwell, M. Milgate, and P. Newman (eds) The New Palgrave: A Dictionary of Economic Theory and Doctrine]. Moscow, INFRA-M Publ., 2004, pp. 434–446.
  7. Mill J.S. Osnovy politicheskoi ekonomii [Principles of Political Economy]. Moscow, Eksmo Publ., 2007, 1040 p.
  8. Campanella T. Gorod Solntsa [The City of the Sun]. Moscow, AN SSSR Publ., 1954, 228 p.
  9. Kumaritova Z.A., Sitokhova T.E. [Increasing labor productivity in the conditions of digitalization of the Russian economy]. Finansovye issledovaniya = Financial Research, 2019, no. 4, pp. 177–185. URL: Link (In Russ.)
  10. Ruban V.A., Bulgatova Yu.S. [Role of the State in the development of the territorial-sectoral economic and social system]. Vestnik Buryatskogo gosudarstvennogo universiteta. Ekonomika i menedzhment = Bulletin of Buryat State University. Economy and Management, 2022, no. 2, pp. 81–89. URL: Link (In Russ.)
  11. Slushkina E.Yu. [Directions for increasing the efficiency of fiscal policy in the Russian Federation]. Ekonomika i biznes: teoriya i praktika = Journal of Economy and Business, 2020, no. 12-3, pp. 117–120. URL: Link (In Russ.)
  12. Gorid'ko N.P., Roslyakova N.A. Faktory razvitiya rossiiskikh regionov: rol' innovatsii i transportnoi infrastruktury: monografiya [Factors of development of the Russian regions: the role of innovation and transport infrastructure: a monograph]. Moscow, Natsional'nyi institut biznesa Publ., 2014, 440 p.

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 4
April 2024

Archive