The World of Objective Knowledge and Socio-Economic Reality (K. Popper & K. Marx)
Evgeny Dyatel
DOI: 10.17212/2075-0862-2024-16.3.2-311-332
Abstract:

The growing specialization and formalization of economic knowledge threatens to break away from the general scientifi c base that forms the worldview of the researcher. An urgent task is presented in the reintegration of basic methodological principles and categories of science into modern social science and economic theory. The article conducts a comparative analysis of the works of K. Marx and K. Popper, who made revolutionary changes in the methodology and ideological attitudes (conceptual frameworks) of scientifi c knowledge. Marx’s contribution focuses on dialectical and historical materialism, the doctrine of the economic basis of society and the change of socio-economic formations; Popper’s contribution focuses on his trial and error method with falsifying interpretation of results and the concept of successive three worlds of the universe. Popper’s criticisms of Marxist doctrine (essentialism, elements of mythology, teleologism) and the counterarguments of consistent Marxists are evaluated. The paper characterizes Popper’s positions on the realism of scientifi c knowledge, the world of predispositions, fl exible management in animate and inanimate nature, the world of mental states of consciousness and the world of the objective content of thinking. Their commonality with the provisions of dialectical and historical materialism (the material nature of objective reality, the theory of refl ection, the role of objective mental forms and ideological social relations) in the formation of the ‘world of objective knowledge’ is shown. The insuffi ciency of Popper’s epistemology for the study of the economic basis of social life is revealed. Based on a str uctural and logical analysis of the methodological principles and theoretical positions of Marx and Popper, the paper outlines the paths to the development of a system of concepts that brings together the complementary results of their apparently opposing research programs. Also presented are sources showing the relevance of the ideas of Marx and Popper in modern methodological and socio-economic literature. It is concluded that the world of objective knowledge (the key category of Popper’s social science) is part of the socio-economic life of society (in its Marxist interpretation), which, in turn, is incomplete without taking into account the realities of this world and needs additional study from the appropriate angle.

Journey between Channels: Building Customer Experience in a Digital Environment
Natalia Troitskaya
DOI: 10.17212/2075-0862-2024-16.3.2-333-347
Abstract:

In modern marketing, researchers are focused on the omnichannel approach due to the growing number of communication channels and sources of consumer information about brands. This paper examines the complexity and multifactorial nature of the omnichannel approach in the formation of customer experience and marketing communications in the digital environment. The article discusses the concept of a “Consumer Journey Map”, which refl ects the stages of making a purchase decision, after-sales interaction and the customer experience formed within this path. This approach allows you to defi ne and analyze the touchpoints with the consumer and information messages at each stage of the consumer journey in order to create a positive brand image. The consumer’s journey is formed by the sequential passage of a number of points of contact, which may belong to the brand, its partners or be independent. This affects the degree of brand control over the information at each of these points. Particular attention is paid to the complexity of tracking the entire variety of contact points through which the customer passes on the way to making a purchase. The management of this variety of points from the standpoint of a single communication environment of brand and consumer interaction is the subject of omnichannel marketing research. Within the framework of this study, the author considers the evaluation of the effectiveness of marketing channels at the stage of preparation for purchase. These channels may be underestimated, since in terms of direct return on marketing investments, they lose to the fi nal pre-purchase channels, but they play a key role in shaping the customer experience leading to subsequent purchases. The article presents the results of a study of online communication based on a company providing educational services. This study demonstrates the relationship between the volume of investments in paid promotion channels and the total revenue from online channels. The results of the study emphasize the importance of the omnichannel approach in modern communication, where the buyer interacts with the brand in various channels and perceives communication as a single continuous process, even when switching from one channel to another.

The Economy of the Russian Federation in January-April 2024
Grigory Khanin
DOI: 10.17212/2075-0862-2024-16.3.2-348-365
Abstract:

Based on the analysis of a number of macroeconomic and sectoral indicators, it is established that in January–April 2024, there was an economic decline compared to the corresponding period in 2023. Moreover, the extent of the decline is increasing month by month. It is noteworthy that the authorities, as in the past in the USSR, are turning a blind eye to the decline. The causes of the decline are determined by the combined impact of both cyclical factors (Western economic sanctions, overstrain from military expenditures) and long-term trends of a decline in fi xed assets and a reduction in the workforce, as well as the qualifi cations of personnel at all levels. The future prospects of the Russian economy are determined, along with ensuring effective economic policy and building a functional state system, by the level of escalation of the confl ict in Ukraine and the extent of economic sanctions. In the event of signifi cant escalation of military actions, what will be required is a transition to a wartime economy with a high share of military expenditures in GDP, a reduction in consumer spending and non-productive investments, mobilization of labor resources in favor of the armed forces and the military-industrial complex, and the introduction of a rationing system for main food products, as well as the nationalization of several companies. The success of this structural maneuver is determined by the organization and qualifi cations of the state apparatus. In the case of moderate escalation of military actions and economic sanctions, the radical nature of structural and institutional changes will decrease.

Quantitative Analysis of Financial Instruments Based on Portfolio Theory and Game Theory
Dmitry Vlasov
DOI: 10.17212/2075-0862-2024-16.2.2-284-303
Abstract:

The article focuses on modern methods of quantitative analysis of fi nancial instruments based on the Markowitz portfolio theory, which allows designing optimal portfolios of fi nancial instruments under the assumption of extreme rationality of investors and game theory, which allows taking into account the factor of player interaction between those participating in fi nancial markets. The relevance of the research topic concerns the need to improve the quality of fi nancial decisions made in conditions of increased volatility of fi nancial markets. An initial set of fi nancial instruments was built, consisting of fi fty alternative options for placing funds. A preliminary analysis of the initial set of fi nancial instruments allowed us to narrow it down to ten elements that are most preferable for placing funds. The classic Markowitz portfolio model, which assumes maximizing the expected return on a portfolio at a given level of risk, is complemented by auxiliary constraints that allow taking into account individual investor preferences. The presented six modifi cations of Markowitz portfolios help to identify the dynamics of the quantitative characteristics of portfolios depending on the individual preferences of investors. Expected profi tability and expected risk, estimated from real fi nancial data, are accepted as quantitative characteristics of portfolios. The game model is constructed in the form of a game with nature, which allows taking into account the complex nature of player interaction, which in most cases is not characterized by antagonism. The game model is designed to select the optimal net strategy of the investor, which takes into account various fi nancial market conditions expressed by a market index (market portfolio). The study of the game model is implemented on the basis of the integrated Hodge-Lehman criterion regarding profi tability and risk. Its use made it possible to take into account the individual level of investor confi dence in the available fi nancial information. In the process of practical implementation of these techniques, results were obtained that allow us to conclude about the degree of sensitivity of optimal investment strategies to individual preferences and perceptions of investors. The constructed models can be used to update the content of professional training of students in the higher economic school system, as well as to set up courses of additional professional education

Flow Method in Diagnostics of Threats to National Economic Security of Russia
Natalya Poltoradneva
DOI: 10.17212/2075-0862-2024-16.2.2-304-331
Abstract:

The work identifi es the problem of discrepancy between the rapidly growing importance of national economic security (NES) of Russia and the degree of its scientifi c elaboration according to such criteria as clarity in defi ning the subject of NES, methodology for studying NES, mechanisms for connecting scientifi c research with education and practice of NES.

The article is devoted to the study of the dynamics of teacher and scientist staff. The research is carried out using a new method developed by the author – the Flow Method. The novelty of the Flow Method begins with a change in the idea of the object of study. In traditional approaches, an object is fi xed, and is studied from different sides in different periods of time; the Flow Method focuses the researcher’s attention on the movement of resource fl ows in the economic environment. In such a movement of resources, the following are distinguished: infl ows, outfl ows, accumulations. Normally, the movement of resources is balanced.

It is appropriate to consider sanctions as the most important component of a hybrid war, aimed at unbalancing the resources of the national economy by blocking fl ows. The study showed that the representation of the movement of resources by the Flow Method differs from traditional representations in statistics and accounting.

Approbation of the Method in diagnosing the state of personnel in scientifi c and educational institutions showed strategic threats to the national security of the Russian Federation. Since 2015, the number of scientists and teachers with an academic degree has been continuously decreasing. The fl ow method allows us to dispel the myth that if scientists leave region A, they will simply work in another region. This study refutes such a hypothesis. Scientists, in particular, can change their specialty, leave the country, etc. The noted situation is similar for all 16 cities with a population of over a million in Russia, including Moscow and St. Petersburg and 18 constituent entities of the Russian Federation. The infl ux of young scientists is decreasing while the workforce continues to age. If we ignore the results obtained, then in 5–10 years, for example, the Omsk region will begin to lose the ability to train specialists with higher education, not to mention candidates and doctors of science. A similar situation awaits other regions.

International Market Entry Strategies of Russian Organizations under Changed External Economic Conditions
Galina Litvintseva,  Andrey Ivashchenko,  Daniil Arbatskiy,  Aleksey Kolmagorov
DOI: 10.17212/2075-0862-2024-16.2.2-332-351
Abstract:

The change in the system of world economic communications as a result of sanction policy towards Russia and its allied countries forces enterprises and organizations to prove strategies of entry into foreign markets for the purpose of income generation and inclusion in new value chains. Therefore, the purpose of this research is the comparative analysis of factors and assessment of the application of international market entry strategies of Russian IT companies. Qualitative and quantitative methods of economic research were applied to achieving this goal. Qualitative methods included PESTEL analysis, situation and comparative analysis. Quantitative methods included the cost-benefi t method, statistical techniques and economic analysis methods. Tabular and graphic approaches are used for text visualization. In this research the factors infl uencing organizations activity in the international sphere and also the main foreign market entry strategies of IT companies were analyzed. Comparative analysis revealed benefi ts and shortcomings of each strategy, taking into account modern forms of business and currency risks. For the Russian IT company producing software three strategies were evaluated: export, franchising and direct investments. The choice of the IT industry for considering international market entry strategies of Russian organizations is proven. It is necessary to separate the development of new technologies and infrastructure, existence of fi nancial resources and pressure of economic sanctions from the factors infl uencing this process. Of the three strategies analyzed, the lowest-cost and lowest-profi t strategy was the franchising strategy; it can be used when there is a shortage of fi nancial resources. For “growth hacking” the expensive, but highly profi table strategy of direct investment taking into account currency hedging is applicable. Proceeding from the analysis of the infl uencing factors and legal conditions of the Russian Federation it is expedient to follow the strategy of average profi table export for ensuring company development.

The practical application of strategies for organizations to enter foreign markets is a multifaceted object of research that requires a comprehensive analysis of various aspects of business expansion. The received results will help companies make weighed decisions when choosing the optimum strategy for expanding their business in the international market.

Methodological problems in assessing capital investments of electric grid companies
Grigory Shulgin
DOI: 10.17212/2075-0862-2024-16.2.2-352-373
Abstract:

In the article the author reveals the most signifi cant methodological problems in this most important area, which is the basis for the reproduction of economic systems, on the basis of considering the most widely used methods of capital investment assessment. The article also provides a brief theoretical characterization of capital investments. It is concluded that the reason for methodological problems in the assessment of capital investments is the issue of the nature of capital, which has not been fully resolved in the fi eld of fundamental economic theory. The author draws attention to the fact that the detailed methods of capital investment assessment for specifi c conditions of management of individual sectoral economic systems, elaborated in scientifi c articles, dissertations and other works, do not receive scientifi c generalization and balanced assessment of the community. In fact, it means that there are no methods proven and used by many researchers and practitioners. It is shown that it is inappropriate to completely identify the investment process, project appraisal and capital investments of enterprises. The author points out the gap between fi nancial and technological effi ciency existing in the theory and practice of work with investments. Further, using the example of the Russian electric power transmission industry, the author shows how general methods of capital investment assessment may not be applicable depending on specifi c industry conditions, and how theoretical and methodological problems in practice turn into a lack of tools for decision-making.

In conclusion, based on the consideration of disproportions in the mechanism of capital investment assessment, implementation and regulation, another fundamental issue of the theory arises – the need to change approaches to the confl ict of interests and regulation of natural monopolies as a non-cooperative game.

The Evolution of the Territorial Structure of GDP
Boris Lavrovskiy,  Ekaterina Goryushkina,  Evgenij Shil'cin,  Aleksej Chuvaev,  Irina Ruzaeva
DOI: 10.17212/2075-0862-2024-16.2.2-239-253
Abstract:

Due to the extreme diversity of economic conditions, the level of interregional differences in Russia is unique. The extent of these differences is usually measured by traditional indicators of variation based on per capita GRP indicators. However, while the movement of the coeffi cient of variation, for example, refl ects the systemic properties of the object under study, it may not capture structural spatial shifts. But it is precisely these shifts, if they are stable, that are of particular interest both as a subject of scientifi c research and as an object of management by authorities.

The main question posed in the article is the following: Is there a connection between the level of economic development of a region and its “propensity” for structural displacement? Or in other words: how stable is the territory’s position in the interregional ranking of per capita GRP indicators, does it depend on the value of per capita GRP? It turns out that noticeable structural shifts (predominant growth or increasingly lagging behind the per capita GRP of the region relative to the national average) are the prerogative, fi rst of all, of territories with a level of per capita GDP close to the average.

Economy of the USSR during the Initial Period of the Great Patriotic War. Part 2
Grigory Khanin
DOI: 10.17212/2075-0862-2024-16.2.2-254-267
Abstract:

This article is the fi nal one, the second part of the study devoted to the analysis of the economic history of the USSR in the initial period of the Great Patriotic War (1941–1942). The author considers the aspects of economic development not discussed in the fi rst part of the article. The greatest place is occupied by the analysis of the standard of living of the population in its various aspects. Numerous sources are used, including statistical collections of the war years, survey guides and memoirs of contemporaries. In addition to the current consumption of goods, the consumption of services and living conditions of the population are also considered.

The author analyzes the role of Lend-Lease economy in the USSR in detail. Supplies under the Lend-Lease program are considered not only for this period, but throughout the war. The analysis is carried out for individual product groups. It is shown that, contrary to the prevailing ideas in literature about the insignifi cance of the share of supplies under the Lend-Lease program, based on their estimates in value terms, especially in many key areas, the role of these supplies in the economy of the USSR during the war was enormous. The state of science and higher education during the turning point of the war is examined. It is shown that they were preserved and played an important role in improving the qualifi cations of personnel and the quality of military equipment. Particular attention is paid to the initial stage of research on atomic weapons. It is shown that despite limited resources, already in the most diffi cult period of the war in the USSR, research on the creation of nuclear weapons began.

Behavioral Economics in the Context of a Crisis Situation: Research and Conclusions
Elena Dzhandzhugazova
DOI: 10.17212/2075-0862-2024-16.2.2-268-283
Abstract:

This article is devoted to the problems of behavioral economics, which defi nes the boundaries of rational consumer choice and studies models and scenarios of consumer behavior. The author examined the features of consumer behavior in the context of economic and geopolitical crises that modern Russia has gone through from the 1990s to the present. The article provides a periodization of crises, taking into account their specifi cs, causes and consequences. The research included an analysis of models and scenarios of consumer behavior during the acute phase of the crisis period in 2022, a comparative analysis of the cost structure; indices of the decline and growth of spending on the main categories of goods and services were given, and the readiness of consumers to refuse purchases was analyzed. Signifi cant attention in the work was paid to a comparative analysis of the main trends in consumer behavior during the crisis of 1997–1998 and the crisis of 2022, during which it was noted that consumer behavior is infl uenced by the increased maturity of markets and the preparedness of the public administration system for crisis situations. It is concluded that it is necessary to take into account the growing role of consumer behavior that deviates from the usual rational models, which emphasizes the need to develop new forms for building the economic policy of government bodies. In conclusion, the author focuses special attention on the fact that when making management decisions on the formation of programs to support industries and sectors of the economy, it is necessary to take into account emerging models and scenarios of consumer behavior.