National Interests: Priorities and Security
 

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The system of national accounts as a mechanism for macroeconomic manipulations, or What prevents us from raising a welfare State?

Vol. 15, Iss. 12, DECEMBER 2019

Received: 16 September 2019

Received in revised form: 30 October 2019

Accepted: 18 November 2019

Available online: 13 December 2019

Subject Heading: Priorities of Russia

JEL Classification: E60

Pages: 2180–2203

https://doi.org/10.24891/ni.15.12.2180

Vikulov S.F. 46th Central Research Institute of Ministry of Defense of Russian Federation, Moscow, Russian Federation
sergviculov@yandex.ru

ORCID id: not available

Gorgola E.V. 46th Central Research Institute of Ministry of Defense of Russian Federation, Moscow, Russian Federation
evg-gorgola@yandex.ru

ORCID id: not available

Subject In the 20th century, the most advanced nations saw the origination of governmental monopolies and respective economies around them, which pursue to gain control over resources worldwide. Liberalism became one of the effective tools to reach the goal for the political and social development of nations and macroeconomic governance, which underlies the very concept of national accounts.
Objectives We examine the substance, key properties of the existing system of national accounts, its weaknesses and genuine purpose for supra-national oligarchic elites.
Methods Drawing upon the actual macroeconomic analysis, we unfold sources of so significant technological and socio-economic advancement that the Western countries demonstrate through, inter alia, statistical manipulations. The article also analyzed what genuine goals modern interpretations of macroeconomic processes pursue.
Results The article clarifies the current economic policy of the Russian government, analyzes challenging aspects of the effective model and describes the substance of economic liberalism, unveiling its negative effect on originating tendencies of economic growth and its role in undermining the fundamental philosophy of the Russian society.
Conclusions and Relevance Invigorating in the society, modern liberalism in economic policy will, first of all, bring the national economy into the realms of the global financial empire, thus unavoidably making Russia dependent on the Western countries.

Keywords: national accounts, economic liberalism, macroeconomics, welfare State, institutionalism

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