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Systemic Crisis of the World Economy or the End of the "Bourgeois Mode of Production"

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  • V.Yu. Sutyagin
  • Ya.Yu. Radyakova
  • E.A. Kolesnichenko
  • M.V. Bespalov
  • N.N. Pakhomov

Abstract

Despite the fact that since the beginning of the global financial crisis of 2008 nearly nine years has passed, the world economy has not come to a steady trajectory of development. In the article it is shown that the crisis has a systemic character and it is connected with the managing model.The fundamentals of methodology are represented by the analysis of dynamics of macro indicators of 10 leading economies of the world the contribution of which exceeds 61% of world GDP. In this research macroeconomic, demographic indicators, indicators of money supply, etc. were analyzed.In the research it was revealed that the current state of the world economy is characterized by a number of contradictions in the field of investments, demography, central government debts, and monetary regulation of all leading economies of the world. It is possible to cope with them within the existing economic paradigm thanks to the constant economic growth, the opportunities of which are almost exhausted within the developed managing model (called by K. Marx in "the bourgeois way of production" and the uniform, global market).

Suggested Citation

  • V.Yu. Sutyagin & Ya.Yu. Radyakova & E.A. Kolesnichenko & M.V. Bespalov & N.N. Pakhomov, 2017. "Systemic Crisis of the World Economy or the End of the "Bourgeois Mode of Production"," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 412-431.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:412-431
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    Cited by:

    1. Vladislav Sutyagin & Yana Radyukova & Irina Zinovieva & Svetlana Zenchenko & Valentina Smagina & Nikolay Pakhomov, 2020. "How to Calculate the Share of a Land Plot in the Value of Office and Retail Real Estate: Regression Analysis to Increase the Cadastral Valuation Reliability," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 667-681.
    2. V.Yu. Sutyagin & Ya.Yu. Radyukova & E.A. Kolesnichenko & T.M. Kozhevnikova, 2018. "Issues of the World Economy’s Assessment: The Demographic Factor," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 466-478.
    3. Svetlana Zenchenko & Wadim Strielkowski & Luboš Smutka & Tomáš Vacek & Yana Radyukova & Vladislav Sutyagin, 2022. "Monetization of the Economies as a Priority of the New Monetary Policy in the Face of Economic Sanctions," JRFM, MDPI, vol. 15(3), pages 1-18, March.
    4. repec:ers:journl:v:special_issue:y:2018:i:1:p:466-478 is not listed on IDEAS

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