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SEEKING AN EXIT FROM THE CRISIS
SEEKING AN EXIT FROM THE CRISIS

Author(s): Mikhail Zveryakov
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«
Keywords: crisis; neoclassical theory; Keynesianism; new economic model; distribution of the aggregate added value; economic growth; institutions of modernization

Summary/Abstract: The theoretical conception of an exit from a crisis, which was proposed by the Nobel prize winner P. Krugman, and the application of its basic positions in seeking ways to get out of the crisis in developed countries and in Ukraine are analysed. A peculiarity of the application of Keynes’ theory in the national economy is demonstrated. The necessity of developing an alternative economic model applicable to Ukraine’s economy is substantiated. Some theoretical approaches to the formation of a new economic model based on a change in the current system of distribution of the aggregate added value in favour of an increase in the rate of accumulation as a necessary condition of steady economic growth are proposed.

  • Issue Year: 6/2016
  • Issue No: 2-ENG
  • Page Range: 3-20
  • Page Count: 18
  • Language: English
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