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The Model of Network Capitalism

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Abstract

The object of the proposed analysis consists in economic transactions carried out in conditions of proximity (spatial, social, normative). Localization of social and economic contacts might have a traditional nature (for example, in the case of Russian obshchina), or it might result from a conscious, reasonable choice of economic agents. In the last case they protect themselves against unpredictable events of the risk society. A model of network capitalism based on both types of local transactions is proposed. The author review a series of concepts allowing to describe localized and personified relations. The only universal concept is that of networks: in it an emphasis is put on structural issues, so, one is able to compare different cases of local interactions. A series of network parameters is discussed. Special attention is paid to social and normative factors of market segmentation.The article considers the problems of teaching economics and management in distant form. The necessity of using such a form is connected with the fact that practical managers and professional economists usually have no opportunities to leave their business for a long time. The distant form of education gives them a chance to combine education with their practical activities. Teaching economics in distant form implies certain methodological problems discussed in the article.

Suggested Citation

  • A. Oleynik., 2003. "The Model of Network Capitalism," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
  • Handle: RePEc:nos:voprec:2003-8-10
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    1. McCloskey, Donald N, 1983. "The Rhetoric of Economics," Journal of Economic Literature, American Economic Association, pages 481-517.
    2. S. Fisher & R. Sahay & C. A. Vegh, 1997. "Stabilization and Growth in Transition Economies: The Early Experience," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 5.
    3. Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766.
    4. Portes, Richard, 1994. "Transformation Traps," Economic Journal, Royal Economic Society, vol. 104(426), pages 1178-1189, September.
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    1. repec:spr:manint:v:57:y:2017:i:3:d:10.1007_s11575-016-0295-6 is not listed on IDEAS
    2. Nikolay Nenovsky, 2006. "New View of Contemporary Europe," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 107-110.
    3. Zweynert, Joachim & Goldschmidt, Nils, 2005. "The Two Transitions in Central and Eastern Europe and the Relation between Path Dependent and Politically Implemented Institutional Change," HWWA Discussion Papers 314, Hamburg Institute of International Economics (HWWA).
    4. Nikolay NENOVSKY, 2006. "Book Review: Laszlo Csaba, The New Political Economy of Emerging Europe, Budapest: Akadémiai Kiadó, 2005," The Journal of Comparative Economic Studies (JCES), The Japanese Society for Comparative Economic Studies (JSCES), vol. 2, pages 81-85, July.
    5. Zweynert, Joachim & Goldschmidt, Nils, 2005. "The Two Transitions in Central and Eastern Europe and the Relation between Path Dependent and Politically Implemented Institutional Change," Freiburg Discussion Papers on Constitutional Economics 05/3, Walter Eucken Institut e.V..

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