The inversion character of the public market transformations

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Article(UKR)(.pdf)

Inversion nature of social reproduction reflected in the market transformation of post-socialist countries as a result of the deployment of capital flows primitive accumulation, restructuring and socialization of the economy. The phenomenon of economic inversion was reflected in the scientific literature, including the works of A. Hrytsenko, who clarified the structure inversion type public market transformations. Today, the inversion type of market transformation makes the laws governing the functioning of the world economy as a whole. During the global financial crisis, a new wave of economic inversion was formed. Accelerating the pace of social change and the uncertainty of economic prospects form the significant risks towards sustainable development of the national and global society. Taking this into account, there is a need for further systematic investigation inversion process.

Inversion has formed the reality of the “new” economy, in which the traditional factors of production, according to experts, lose principal value, transferring their functions to information. But attempts of the supporters of information theory to clarify the value of the new economy content as a set of nonlinear processes, are developed according to the laws of chaos and catastrophes, distorting economic development targets. Thus, focusing in their large-scale transformations on development of social market economy, post-Soviet countries have tried to achieve this goal by the means of economic relations capitalization. Using the similar tactics, it was planned to implement the project of post-industrial society in the mature market countries, where in 1980-1990 years the paternalistic model of the welfare state was reviewed. The double inversion of global market transformations multiplied the result due to the fusion of opposing processes, directed the society to the mazes of exhausting choices between the poles of socialization and capitalization, has formed institutional pitfalls on the path to sustainable development of economic systems at various levels.

However, economic theory with the concept of economic value is capable methodologically to recognize the inversion of economic life as an economic good and to restore the broken continuity of institutional grounds of general equilibrium and sustainability of the economic system.

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