INSTITUTIONALIZATION OF THE DIGITAL ECONOMY: CONTRADICTIONS AND APPROACHES TO SETTLING THE DIFFERENCES
INSTITUTIONALIZATION OF THE DIGITAL ECONOMY: CONTRADICTIONS AND APPROACHES TO SETTLING THE DIFFERENCES

Summary/Abstract: Authors have considered peculiarities being inherent to institutionalization of the digital economy aimed at streamlining transformations. Authors have disclosed contradictions between digital and socio-economic transformations: between development of digital technologies and digital capabilities of a human; between the influence of digital technologies on labour productivity and the orientation of business entities towards improving profitability; between the dynamicity of value stipulated by applying digital technologies and pricing being significantly dependent on general monetization of demand; between formal institutional conditions for the functioning of the digital economy and the informal influence on behaviour of economic entities under real conditions of activity, which encourages inadequacy and deviancy of behaviour, etc. Authors have suggested approaches to handling contradictions related to digitalization of the society.

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