This book presents selected papers of the Euro-Asian Symposium on Economic Theory, held by the Institute of Economics of the Ural Branch of the Russian Academy of Sciences (Ekaterinburg, Russia) on June 29-30, 2022. The conference aims to promote research and develop effective solutions to urgent challenges in economic theory in the context of stability and uncertainty.
The main theme of the 2022 Conference is the ‘Viability of Economic Theories’. The chaos of the modern world forces us to rethink many theoretical positions. Researchers are trying to overcome the contradictions between theory and empiricism through new models, mechanisms and approaches. The challenges of recent social change have led to an adjustment in the perception, interpretation, and use of many concepts, necessitating an updating of these terms. The problems and contradictions identified in the studies will help to reconcile theoretical approaches with practice.
The volume covers topics suchas sustainable development issues, economic shocks in the history of economic thought, modern economic concepts of identity, theory of organizations under uncertainty, review of economic theories with the ‘Corona crisis, ‘ models of consumer behavior, business cycles, theory of investment, issues of economic growth and market equilibrium, impact of social factors on the sustainability of the economy, etc. Moveover, the volume presents new solutions for the synthesis of mainstream and political economy ideas. These topics will be of great interest to academics, researchers and practitioners.
Table of Content
1. Editorial: Consequences of Social Transformation for Economic Theory.- 2. A Survey on Business Cycles: History, Theory and Empirical Findings.- 3. Implementation of the Evolutionary-Genetic Methodology in the Mechanisms of Synthesis of Economic Theory.- 4. Synthesis of Mainstream and Political Economy as an Emerge from the Economic Theory Crisis.- 5. Dynamic Interaction Between Human Capital Accumulation and Economic Growth.- 6. Economic Resilience Determinants Under Shocks of Different Origins.- 7. The Significance of Higher Education Adaptation Reforms for Russia’s Economic Growth.- 8. Impact of the Duration of Compulsory Education on Economic Growth and Welfare.- 9. Efficiency of Institutions and Economic Agents from Transaction Costs Perspective.- 10. Changing Growth Patterns of the Spanish Economy Attributable to the Consulting Sector in Context of Uncertainty.- 11. Institutional Aspect of Assessing the Impact of Property Rights Protection on Economic Security.- 12. Problems of a Comprehensive Assessment of the Socially Significant Investment Projects amid a Pandemic.- 13. Consumer Equilibrium Conditions in the Cardinal vs. Ordinal Approaches: Any Difference?.- 14. The Role of Social Networks in Shaping Up the Consumer Behavior of Young People.- 15. The Impact of Internet Content Regulation Policies on the Promotion of Targeted Consumer Behavior.- 16. The Influence of the Consumer Society on the Education System.- 17. The Role of Education-Based Migration in the Country’s Economic Development.- 18. Effects of Longevity on Changes in Returns to Education, Human Capital, and Economic Growth.- 19. The Role of Open Innovation in Governmental Sustainability.
About the author
Dr. Vikas Kumar is an Associate Dean for Research, Innovation and Enterprise, Faculty of Business, Law and Social Sciences, Birmingham City University, Birmingham, UK. He serves on the editorial board of around six international journals including International Journal of Supply Chain and Operations Resilience, International Journal of Service, Economics, and Management and International Journal of Manufacturing Systems. Prof. Kumar’s current research focus is on sustainable supply chain management and Supply Chain 4.0. His other research interests include supply chain improvement, short food supply chains, green supply chain, process modelling, innovation in SMEs, operations strategy, and service supply chains.
Evgeny Kuzmin is Researcher (Academic) of the Department of Regional Economic Policy and Economic Security of the Institute of Economics of the Ural Branch of the Russian Academyof Sciences. He is a reviewer of high impact international journals including Journal of Cleaner Production (Elsevier), Entrepreneurship and Sustainability Issues, etc. He has over 150 published scientific papers. Mr. Kuzmin has participated in the implementation of more than 10 research projects supported by grants from the Russian Foundation for Basic Research, the Russian Humanitarian Science Foundation, the Russian Science Foundation and the Ministry of Education and Science of Russia. His research interests are risk, uncertainty, economic crises, sustainability, public–private partnerships, investments, business planning, industrialization, industrial policy, industry markets, modeling, economic growth and development, entrepreneurship, and business activity.
Dr. Wei-Bin Zhang teaches and does research at Ritsumeikan Asia Pacific University in Japan. Wei-Bin Zhang studied studied at the Peking University, Kyoto University, University of Umeå (Sweden), where he received his doctorate. Before coming to Ritsumeikan Asia Pacific University, he taught at the Beijing Normal University, Hong Kong University of Technology, Jönköping International Business School (Sweden), Swedish Institute for Futures Studies, Ocean University (China), National University of Singapore. Wei-Bin Zhang is involved with 12 international academic journals editorial board members, including Journal of Financial Economic Policy, Business Systems Research, Journal of Economic Interaction and Coordination, Studies in Business and Economics, Academica Science Journal – Economica Series, Interdisciplinary Description of Complex Systems: The Scientific Journal, The Scientific Annals of the “Alexandru Ioan Cuza” University of Iasi, Economic Sciences Section and others. He is also editor of UNESCO – Encyclopedia Life Support Systems: Mathematical Models in Economics Chapters. His main research fields are nonlinear economic dynamics, economic theory and economic development. He is author of more than 300 research publications including more than 25 books.
Dr. Yuliya Lavrikova is Director of the Institute of Economics of the Ural Branch of the Russian Academy of Sciences. She is a member of the international Eurasian business and economic community (USA, Netherlands, Turkey), the Association of Russian geographers and social scientists. Dr. Lavrikova has over 150 scientific publications, including 31 monographs. Research interests: theoretical and methodological aspects of the strategy of balanced territorial and sectoral development, strategic directions for the development of sectoral complexes, institutions of spatial development, sustainable and safe socio-economic development of regions.
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