State governance through the lens of economic theories

Purpose of the research. This paper presents the results of research on methods and tools of state regulation reflected in schools of economic theory, which originated in the early 16th century and continue to develop to the present day. The aim of the study is to examine the main approaches to state participation in the economic life of a country, in different periods of the history of the world economy. State regulation of the economy is an important aspect of modern economic policy and generates many discussions.

Methodology. This research provides an overview of various schools of economic thought and their views on state regulation in schools of economic theory. It includes a discussion of regulatory tools and methods, such as taxes, subsidies, monetary policy, fiscal policy, and market regulation.

Findings. The paper also addresses issues of regulatory efficiency, the balance between state intervention and market freedom, and social justice. Understanding these ideas and concepts allows for a conscious analysis and discussion of current problems of state regulation in the modern economy. Recommendations are aimed at studying the effectiveness of state intervention in various economic conditions. This includes assessing the impact of regulation on economic growth, market stability, and social justice.

1. Yerkin, A. (2020). Rol' gosudarstvennogo sektora v ekonomike Kazakhstana. Gosudarstvennoye upravleniye i gosudarstvennaya sluzhba, 2(73), 57-65. DOI: https://doi.org/10.52123/1994-2370-2020-73-2-53-60.

2. Kapoguzov, Ye. A., & Bogdanova, A. S. (2016). Rol' gosudarstva v ekonomike: ot traditsionnoy k novoy paradigme? Vestnik Omskogo universiteta. Seriya «Ekonomika», 3, 28-41.

3. Bozhko, L. L. (2018). Gosudarstvennoye regulirovaniye ekonomiki: Uchebnoye posobiye. 104 s.

4. Mahr, N. (n.d.). Economic Theory Overview & Examples | What is Economic Theory? [Web-page]. Retrieved from https://study.com/academy/lesson/economic-theory-overview-examples.html.

5. Yusupov, S. (2017). Merkantilizm. Retrieved from https://www.banki.ru/wikibank/chto_takoe_merkantilizm/.

6. Yadgarov, Y. A. S. (2000). Istoriya ekonomicheskikh ucheniy: Uchebnik dlya vuzov (3rd ed.). 320 p.

7. Afanas'yev, S. V. (2003). Merkantilizm kak predtecha gosudarstvennogo regulirovaniya rynochnykh otnosheniy. Finansy: teoriya i praktika, 1, 37-50. [DOI:10.26794/2587-5671]

8. Khashimov, P. Z., Egamberdiyev, F. T., & Kuchkarov, T. K. (2003). Istoriya ekonomicheskikh ucheniy: Uchebnoye posobiye. 258 p.

9. Ron'shina, N. I. (n.d.). Fiziokratiya - Istoriya ekonomicheskikh ucheniy. [Web-page]. Retrieved from https://be5.biz/ekonomika/i013/4.html.

10. Frolova, T. A. (2004). Istoriya ekonomicheskikh ucheniy: konspekt lektsiy.

11. Matte, V. M. (1924). Development of economic thought: Physiocrats and classics, 1, 280 p.

12. McNally, D. (1988). Political Economy and the Rise of Capitalism: A reinterpretation. Berkeley, University of California Press. 269 p.

13. Anikin, A. V. (1975). Yunost' nauki. Zhizn' i idei mysliteley-ekonomistov do Marksa (2nd ed.). 386 p.

14. Smith, A. (1776). Issledovaniye o prirode i prichinakh bogatstva narodov. 97 p.

15. Young, J. T. (2005). Unintended Order and Intervention: Adam Smith’s Theory of the Role of the State. History of Political Economy, 37(Suppl_1), 91-119.

16. Grigor'yeva, N. (n.d.). Klassicheskaya i keynsianskaya modeli gosudarstvennogo regulirovaniya ekonomiki. Lektsiya 3. Retrieved from https://pandia.ru/text/77/203/78333.php.

17. Televich, N. M. (2013). Istoriya ekonomicheskoy mysli: Uchebno-metodicheskiy kompleks po uchebnoy distsipline. 148 p.

18. Morselli, A. (2019). The classical political economy: criticism and controversy around the midnineteenth century. Theoretical and Practical Research in Economic Fields, 10(1), 5-16. DOI: https://doi.org/10.14505/tpref.v10.1(19).01.

19. Alayev, L. B. (2014). Teoriya i metodologiya istorii. 55-89.

20. Bèrns, E. (1961). «Vvedeniye v marksizm». 67 p.

21. Adler, P. S. (2010). Marxist philosophy and organization studies: Marxist contributions to the understanding of some important organizational forms. Research in the Sociology of Organizations, Special Vol. on Philosophy and Organization Theory, 28. DOI:10.1108/S0733-558X(2011)0000032007

22. Chikin, A. Yu., & Skopinskiy, A. I. (n.d.). Evolyutsiya teoreticheskikh podkhodov i prakticheskikh form organizatsii vzaimodeystviya vlastnykh i predprinimatel'skikh struktur. 5 p.

23. Vorob'yov, V. A., & Vorob'yova, I. I. (2018). Marksistskaya teoriya ekonomicheskoy politiki i sovremennost'. In Materialy mezhdunarodnoy nauchnoy konferentsii posvyashchennoy 200-letiyu so dnya rozhdeniya K. Marksa (1818–1883). Minsk, 84-89.

24. Coker, M. A. (2014). The Marxist Theory of the State: An Introductory Guide. Mediterranean Journal of Social Sciences, 5(4), 527-533. DOI: 10.36941/mjss.

25. Shamsudinova, M. A. (2019). Individual'nyy proyekt «Ekonomika i ekonomicheskaya nauka». Kubanskiy gosudarstvennyy universitet. 20 p.

26. Barber, W. J. (1967). A history of economic thought. 153 p.

27. Shatrevich, V. (2009). Rol' investitsionnoy politiki gosudarstva v sovremennoy neoklassicheskoy ekonomicheskoy teorii. Perspectives of Innovations, Economics & Business, 3, 38-41. DOI: http://dx.doi.org/10.15208/pieb.

28. Klyunya, V. L., Chernovalov, A. V., & Chernovalova, ZH. V. (2016). Istoriya ekonomicheskikh ucheniy. 359 p.

29. Latov, Yu., Shlykova, O., & Ryzhenkova, N. (n.d.). Economic neoclassical theory. Encyclopedia Around the World. Retrieved from https://www.krugosvet.ru/enc/gumanitarnye_nauki/ekonomika_i_pravo/EKONOMICHESKAYA_NEOKLASSICHESKAYA_TEORIYA.html.

30. Bazhenova, T. L. (2012). Keynsianstvo kak osnova etatistskoy modeli ekonomiki. Vestnik Orenburgskogo gosudarstvennogo universiteta, 13(149), 27-31.

31. Aliyev, V. G. (2004). Marksizm, keynsianstvo, monetarizm: bor'ba idey v poiskakh istiny. Vestnik Dagestanskogo gosudarstvennogo universiteta. Ekonomika i filosofiya, 2, 5-9.

32. Terra, F. H. B., Ferrari Filho, F., & Fonseca, P. C. D. (2020). Keynes on State and Economic Development. Review of Political Economy, 32(3), 2-14. DOI: http://https/doi.org/10.1080/09538259.2020.1823072.

33. Sarwat, J., Mahmud, A. S., & Papageorgiou, C. (2014). What Is Keynesian Economics? FINANCE & DEVELOPMENT, 51(3), 53-54. DOI: https://doi.org/10.5089/9781513598161.022.

34. Keynes, J. M. (1936). The General Theory of Employment, Interest and Money. Palgrave Macmillan. 472 p.

35. Thelen, K., & Steinmo, S. (2015). Historical Institutionalism. International Encyclopedia of the Social & Behavioral Sciences, Second Edition, 181–185.

36. Barkanov, B. (2016). Institutionalism. Encyclopedia Britannica. Retrieved from https://www.britannica.com/topic/institutionalism.

37. Samoshilova, G. M. (2004). Institutsionalizm – istoriya i sovremennost'. Vestnik Omskogo universiteta. Seriya «Ekonomika», 4, 34-42.

38. Kopetsi, B. (1986). Neokonservatizm i «novyye pravyye». Moskva. 146 s.

39. Lopatina, D. P., & Bunayeva, N. A. (2022). Rol' reyganomiki v formirovanii amerikanskoy ekonomicheskoy modeli. E-Scio, 5(68), 6 s.

40. Mayer, T., & Minford, P. (1995). Monetarism. Working Paper Series. Retrieved from https://www.econstor.eu/bitstream/10419/189444/1/ucd-wp1995-21.pdf.

41. Tyukavkin, N. M., & Tarelkin, A. A. (2014). Monetarnyye podkhody k teorii investitsiy. Vestnik Samarskogo gosudarstvennogo universiteta, 6(117), 203-208.

42. Corporate Finance Institute. (n.d.). Monetarist Theory. Retrieved from https://corporatefinanceinstitute.com/resources/economics/monetarist-theory/.