Competitiveness of the «economic man» in the XXI century

Authors

DOI:

https://doi.org/10.52957/27821927_2023_1_4

Keywords:

competitiveness, «economic man», rationality, efficiency, the principle of full optimization, the principle of limited (partial) optimization, market equilibrium, pseudo-market equilibrium, stability of the economic system

Abstract

The article analyses the evolution of the «economic man» in terms of the formation and development of the industrial economic system. According to our hypothesis, as the system that demanded an «economic man» transforms into some other system, the «economic man» himself must also transform into a new being; otherwise, his competitiveness will either be undermined or lost. There are three stages of this transformation: individual, national and, supranational. The author observed the transition from the complete rationality of the «economic man», guided by a purely market equilibrium, to the pseudo-market (social) equilibrium of the «socio-economic man». It is absolutely reconciled with the principle of partial optimization (satisfaction). Note, that the effectiveness is the criterion of its sustainability. As a result, it allows us to conclude the ability of the «economic man» to maintain competitiveness in the XXI century, but only through his transformation from full rationality to limited one, from purely economic to socio-economic-ecological one. Also we made a forecast concerning with the increase in the rationality of non-economic goals of cooperation, mutual benefit, the coupling of knowledge and technology to spiritual, moral, cultural and ethical principles and norms. All mentioned actualizes M.I. Tugan-Baranovsky’s prediction on the fate of political economy, made more than a hundred years ago.

References

Smith, A. (2016) [1776]. A study on the nature and causes of the wealth of nations; translated from English. P. N. Klyukina. Moscow : Eksmo (in Russian).

Smith, A. (1976) [1759]. The Theory of Moral Sentiments. Indianapolis: Liberty Fund.

Marshall, A. (1993) [1890]. Principles of Economic science: in 3 volumes; auth. Introductory article: J. M. Keynes. Moscow : Progress (in Russian).

Keynes, J. M. (2007) [1936]. General theory of employment, interest and money; intro. article by N. A. Makasheva. Moscow : Eksmo (in Russian).

Say, J.-B. (2000) [1803]. A treatise on political economy; introduction and commentary. M. K. Bunkin and A. M. Semenova. M.: Akad. nar. khoz-va under the Government of the Russian Federation. Federation : Case (in Russian).

Rodina, G. A. (2012). The structure of theoretical economics: evolution of views. Theoretical Economics, 5, 26-36 (in Russian).

The modern ecological situation of Yaroslavl (2023).Available at: https://ug-plastics.ru/ekoproblemy/ekologiya-yaroslavl-oficialnyj-sajt.html (accessed 25.01.2023).

Pigou, A. (1985) [1920]. The Economic Theory of Welfare : in 2 vol. trans. from English; author of the introductory article: G. Khromushin. М. Progress (in Russian).

Coase, R. (2007) [1937]. Firm, market and law; translated from English; introductory article: R. Kapelyushnikov. Moscow : New Publishing House (in Russian).

Coase, R. (1960). The Problem of Social Cost. Journal of Law and Economics, The University of Chicago Press, 3, 1–44.

Kapelyushnikov, R. I. (2017). The status of the principle of rationality in economic theory: past and present. NEA Journal, 1, 162-166.

Auzan, A. (2017). The economy of everything. How institutions define our lives. 4th ed. M. : Mann, Ivanov and Ferber (in Russian).

Tumin, V. M., Nazarova I. A. and Tumin V. V. (2019). Institutional Economics : Textbook. Moscow : Infra-M (in Russian).

Knowledge base on SDGs (2022). The United Nations. Department of Economic and Social Affairs. Sustainable development : official website. https://sdgs.un.org/ru/goals (in Russian).

Tolkachev, S. A. (2022). On the removal of contradictions and the transformation of capitalism in the era of the Fourth Industrial Revolution (capital without capitalism or capitalism without capital). Issues of Political Economy, 3, 85-103 (in Russian).

Glazyev, S. Yu. (2022). Noonomics as a management paradigm of the new world economic order. Noonomics and noo society. Almanac of works of PR&D named after S.Yu. Witte, 3, 48-58 (in Russian).

Kolganov, A. I. (2022). Fundamental civilizational shifts from the point of view of the method of political economy. Noonomics and noo society. Almanac of works of PR&D named after S.Yu. Witte, 3, 93-105 (in Russian).

Tugan-Baranovsky, M. I. (1917) [1909]. Fundamentals of political economy. 4th ed. Petrograd : Pravo (in Russian).

Rodina, G. A. (2019). Political economy today: did M.I. Tugan-Baranovsky’s prophecy come true? Marx and modernity: A Political and Economic Analysis of Social Systems Management. Edited by Marina L. Alpidovskaya, Elena G. Popkova. Publishing INFORMATION AGE PUBLISHING, INC (P.O., Char-lotte, North Carolina, USA), pp. 119-133.

Mises, L. (2005) [1949]. Human activity. A treatise on economic theory; trans. from the 3rd. English. ed. a. V. Kuryaeva. Chelyabinsk: Socium (in Russian).

Downloads

Published

2023-03-22

How to Cite

Галина Алексеевна Родина. (2023). Competitiveness of the «economic man» in the XXI century. JOURNAL OF REGIONAL AND INTERNATIONAL COMPETITIVENESS, 4(1), 4. https://doi.org/10.52957/27821927_2023_1_4