№ 2018/1
Institutional problems of economic developmentKORNIVSKA Valeriia O.1
1Institute for Economics and Forecasting, NAS of Ukraine
Information-network economy: from institutions to patterns
Ekon. teor. 2018; 1:79-94 | |
ABSTRACT ▼
The paper shows the actual transformations of the value component in the system of economic and social interaction that arise and develop as a result of the introduction of information and network principles of economic activity. The author defines pattern as a model of behavior in the conditions of information surplus, which replaces the institution as the basic structural element of economic systems. It is shown that an underlying condition for the abstinence of institutions is the interweaving of the Western short-term time paradigm and the active innovation development inherent in the new economy with its special network character. The paper shows the production of new information as a basic pattern of the new society. Innovation is defined as a deep characteristic of the information-network economy and it is proved that the permanence of changes inherent in the new economy leads to institutional bifurcation. The author justifies the statement of the fundamental conflictness of the information-network economy, and shows the loss of social content in the economic processes taking place in the conditions of capitalism and crisis of the national state. The example of securitization illustrates the effects of implementing network forms in predominantly capitalist institutional sys-tems. The author also demonstrates examples of conflicting interactions in mainly hierarchical and dominant network systems. The cycles of global liquidity in the context of its network character are characterized and its contradictory influence on states as an embodiment of the hierarchy is shown. It is justified that the underlying cause of the limited efficiency of the state’s monetary regulatory function is the conflict between the hierarchical transmission mechanism and the network system of interaction in the financial space.
Keywords:information-network economy, pattern, innovation, institution
JEL: O35
Article in Russian (pp. 79 - 94) | Download | Downloads :25 |
Article in Ukrainian (pp. 79 - 94) | Download | Downloads :17 |
REFERENCES ▼
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