Згідно з Наказом Міністерства освіти і науки України від 28.12.2019 № 1643
журнал внесено до Переліку наукових фахових видань України 
(категорії “Б”з економічних наук

Проводимо набір статей до публікації у науковому фаховому журналі "Вісник КНТЕУ" з економічних та філософських наук

GENESIS OF THE OPINIONS ON THE ROLE OF THE STATE IN THE ECONOMY

Автор: Sveta on .

UDC 330.1
 
MASKO Anna,
Postgraduate Student at the Department of Economic Theory and Competition Policy of KNUTE
 

GENESIS OF THE OPINIONS ON THE ROLE OF THE STATE IN THE ECONOMY

Background. The problem of determining the appropriateness of state intervention in the economy, tools and methods was debated by scientists from many schools of economic theory. Different schools and trends, each in its own way interpret the role of the state in the economic life of society. If the historical school, marxism, keynesianism argued for active state intervention in market processes, the classical school, neoclassical direction, institutionalism and monetarism advocated market regulation of the economy. In this case, the relationship is traced between the emergence of new theoretical teachings on the role of the state in economic regulation and periodic cycles of ups and downs of the economy, which at that time were described by M. Kondratiev.
The aim of the article is to establish cyclical changes scientific views on the role and place of the state in the economy depending on the current phase of the economic cycle by M. Kondratiev when they appeared, justify the need for state regulation during the recession and its restrictions on the stages of growth.
Materials and methods. The research was conducted using the following methods: historical, theoretical generalization, comparative analysis, analysis and synthesis, which made it possible to detect recurrence between the emergence of new theoretical doctrines about the role of the state in the economy and periodic cycles of ups and downs of the economy by M. Kondratiev.
Results. A major achievement of this study is the establishment of the cyclical changes in scientific views on the role of state in the economy based on periodic cycles of ups and downs of the economy by M. Kondratyev, namely schools which were for state regulation of the economy appeared during the recession, while schools that argued for market regulation during economic growth. The approaches of different schools, directions and trends regarding the role of state in the economy have been described. It justified the use by state of various forms and methods of regulation depending on the stage of the economic cycle.
Conclusion. Conducted historical analysis of the views of different schools and trends regarding the place and role of the state shows the relationship between the emergence of new theoretical teachings on the role of the institute of the state in regulating the economy and the phases of the Kondratiev cycles. Such schools as marxism, German historical school, institutionalism, keynesianism appeared during the downturn, recession or beginning of the recovery phase of the corresponding economic cycle, while the development of classical political economy, neoclassical direction, institutionalism and monetarism during the final stage of the ascending phase or peak. During the economic downturn the researchers saw the state regulation as means of avoiding the destruction of the economy and the condition for a successful crisis recovery. Conversely, during the economy peaks, the scientists expressed against or restriction of state intervention in the economy. We can conclude about the important stabilizing role of state regulation in the economy, which should take the form of automatic stabilizer that provides switching of different intensity impact on the economy forms and mechanisms of state regulation depending on the stage of the economic cycle. It comprises not only Kondratiev cycles, underlying the study, but their shorter counterparts as well. They were left out of the current study  not due to lack of state regulation needs during the described cycles, but because of their short duration for the introduction of a new paradigm of analysis of economic processes and phenomena.

 Keywords: economics, state, state regulation, Kondratiev cycles, economic growth, economic recession.

GENESIS OF THE OPINIONS ON THE ROLE OF THE STATE IN THE ECONOMY