Market and Property:
Socio-Economic Lessons of the Pandemia
Dr. Sci. (Econ.), Director of the Center for Modern Marxist Studies, Prof., Department of Political Economy, Lomonosov Moscow State University; Head Researcher, Financial University under the Government of the Russian Federation; Visiting Prof., University of Cambridge (Cambridge, UK), Hainan Normal University (Haikou, P.R. China) and Harbin University (Harbin, P.R. China), Moscow, Russia firstname.lastname@example.org
Dr. Sci. (Econ.), Prof., Head of the Laboratory on Comparative Studies of Socio-Economic Systems at the Faculty of Economics, Lomonosov Moscow State University; Chief Researcher, Institute of Economy, Russian Academy of Science, Moscow, Russia email@example.com
The article is based on the results of studies carried out at the expense of budgetary funds on the state order of the Financial University on the theme “Development of the theory of property relations in modern society”.
The authors explore the nature of the transformation of the main public institutions under a pandemic, focusing on the analysis of changes in the system of socio-economic relations. It is noted that the first symptoms of the global crisis arose before the pandemic and were further intensified. Based on the first empirical data on the consequences of the pandemic, the thesis is proved, developed by authors earlier, that market coordination relations are substantially complemented directly by public regulation. Changes in property relations and relevant contradictions in labor relations are revealed. The interests of various social strata and new impulses of income redistribution, reducing inequality, solidarity, and transformation in the system of values and motivation of the person are shown. A number of measures in the field of socio-economic policy and reforming institutions aimed at developing an optimal strategy for overcoming the crisis are proposed.
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