The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 2/2023. Issues of Economic theory.

Oleg Yu. Boldyrev

Cand. Sci. (Law), Associate Professor at the Department of Political Economy of the Faculty of Economics of Lomonosov Moscow State University;

Assistant at the Department of Constitutional and Municipal Law of the Faculty of Law of Lomonosov Moscow State University;

Leading Researcher at the Institute for Economic Policy and Economic Security Problems of the Financial University under the Government of the Russian Federation, Moscow, Russia

ON THE ISSUE OF CONSTITUTIONAL POLITICAL ECONOMY IN THE FRAMEWORK OF "INSTITUTIONAL POLITICAL ECONOMY"

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Abstract

The article presents a brief summary of the development of political economy. The fundamental differences between the methodology of political economy and the methodology of economics are briefly described. It is shown that modern political economy is not reduced to either Marxism or the "new political economy" of J. Buchanan. The relevance of research within the framework of institutional political economy, which is capable of developing the achievements of classical political economy, traditional institutionalism and institutional evolutionary theory, is substantiated. It is proposed to develop constitutional political economy within the framework of this particular area of political and economic research.

Keywords: constitutional political economy, constitutional economics, political economy, institutional political economy, traditional institutionalism, methodology of economic science.

JEL: А12, А13, В1, В2, В4, В52, К00.

EDN: QCYHNA

DOI: https://doi.org/10.52180/2073-6487_2023_2_73_85

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Manuscript submission date: 01.03.2023

For citation:

Boldyrev O.Yu.  On the issue of constitutional political economy in the framework of «Institutional political economy» // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2023. № 2. Pp. 73-85. (In Russ.). https://doi.org/10.52180/2073-6487_2023_2_73_85 EDN: QCYHNA

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The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 1/2023. Issues of Economic theory.

Maltsev Andrey A.

Dr. Sci. (Econ.), Professor, Leading Researcher at the Institute of Economics of the Ural Branch of the Russian Academy of Sciences, Ekaterinburg, Russia

Chichilimov Sergey V.

graduate student, Institute of Economics of the Ural Branch of the Russian Academy of Sciences, Ekaterinburg, Russia

TO THE QUESTION OF THE EVOLUTION OF THE OPPOSITION OF FREE TRADE AND PROTECTIONISM IN THE 20TH AND 21TH CENTURY

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Abstract

The 20th century was marked by the emergence and formation of new economic centers of power in the world economy. This is where a combination of factors came into play. Firstly, with the acceleration of economic development and the massification of industry and consumption in the 1920s, the need to find new markets increased. Secondly, fundamental technical, economic and social shifts in society brought to life the first (1870–1913) and second (1950–2010) waves of globalization. Thirdly, the process of decolonization of the world economy, which ended by 1975, formed the demand for a self-sufficient and independent economic policy of the Third World countries. As a result, the Great Modern Stage (GMS, 1920s–2020s) took shape, its main distinguishing feature, according to the authors, being coexistence of free trade and protectionism, which had previously successively replaced each other in the world economic practice.

Keywords: globalization, international trade, world economy, protectionism, free trade, hidden protectionism, economic thought.

JEL: F02, F41, F55.

EDN: CXEVFE

DOI: https://doi.org/10.52180/2073-6487_2023_1_21_39

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Manuscript submission date: 07.11.2022

For citation:

Maltsev A.A., Chichilimov S.V. To the question of the evolution of the opposition of free trade and protectionism in the 20th and 21th century // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2023. № 1. Pp. 21-39. DOI: https://doi.org/10.52180/2073-6487_2023_1_21_39 EDN: CXEVFE

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The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 1/2023. Issues of Economic theory.

Vinokurov Stepan S.

Cand. Sci. (Econ.), associate professor, Department of general economics and history of economic thought, Saint Petersburg State University of Economics (UNECON), Saint Petersburg, Russia

BEHAVIORAL “ANOMALIES” AND THE COST OF DECISION-MAKING

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Abstract

The author explores the possibility of generalizing the main results of behavioral economics (importance of the status-quo and notions of justice for decision-making, endowment effect, transactional utility, mental accounting, dynamic inconsistency and the lack of self-control, social preferences) based on the assumption of costly choices and the ability to refuse choice and maintain the status-quo, using the formalization of the rational inattention concept. The author shows that costly choices may explain why behavioral biases remain within economic logic, even in the case of a utility-maximizing individual. Some remarks on economic policy are made as a result.

Keywords: bounded rationality, behavioral economics, nudging, rational inattention.

JEL: D01, D11, D83, D9.

EDN: GMIPQL

DOI: https://doi.org/10.52180/2073-6487_2023_1_40_57

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Manuscript submission date: 05.12.2022

For citation:

Vinokurov S.S. Behavioral «anomalies» and the cost of decision-making // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2023. №. 1 Pp. 40-57. DOI: https://doi.org/10.52180/2073-6487_2023_1_40_57 EDN: GMIPQL

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