A characteristic feature of our time is the development of regional economic and monetary integration, primarily in Western Europe. The mechanism of currency integration includes a set of monetary and credit methods of regulation, through which the convergence and mutual adaptation of national economies and monetary systems are carried out. In December 1991, in Maastricht, […]
Tag: condition
Stages of development of the world monetary system
Until 1914, the international movement of both long-term and short-term capital could be carried out practically without government control, since exchange relations remained relatively stable, and inflationary processes in the international sphere were restrained. This happened due to the fact that interstate calculations were constantly adjusted by the mechanism of the gold standard. Under the […]
Internet - Strategies for Traditional Business
In the future, even companies that do not participate in the Internet economy today will be forced to use Internet technologies in their business, which will lead to the disappearance of the distinction between electronic and traditional business. The Internet has forever changed the way information is shared, communicated, and transacted. Perhaps there are no […]
"Biological approach" to the classification of competitive strategies (according to the theory of A.Yudanov)
A well-known Russian expert on the theory of competition A.Y. Yudanov emphasizes that since the theory of market competition was born relatively recently, it does not have a generally accepted terminology, and almost every researcher uses his own system of concepts. But the terminology associated with the competition of living organisms is well developed in […]
The theory of competition of the Austrian school of neoliberals. Functions of competition according to F. Hayek
Representatives of the neo-Austrian school L. Mises and F. Hayek refused to recognize the equilibrium approach as the main method of analyzing economic phenomena, and the search for equilibrium conditions – the main task of economic theory. In Hayek’s views on competition, the most interesting are: comparative characteristics of the competitive mechanism and the mechanism […]