The article criticizes neoclassical equilibrium theory, claiming that it is unable to explain crisis phenomena in the modern economy. The author also criticizes Russian government policy and suggests using Keynesian ideas as a theoretical basis for economic policy as well as switching attention...

The article reviews oil market trends in recent years. The explosive growth in crude oil prices during 2007 and the first half of 2008 was driven by speculation. The current drop indicates that the boom has ended. It appears that the ability of crude oil prices to support sustainable world...

The article analyzes strategic issues of modernization of the transition economies based on the methodology of the World Economic Forum, where special attention was paid to the sequence of the transformation stages. Using the course of development of Azerbaijan as an example, the author's main...

The article analyzes the hypothesis of the statistical significance of the institutional factor in the process of increasing the efficiency of economic policy in developing countries. It shows that the expansion of domestic credits to the private sector may bring about contrary results if...