Economic policy: genesis and changes before the period of formation of developed industrial capital

Lewandowska Hanna
PhD in Economics, Professor, Stefan Batory State University in Skierniewice, Poland, E-mail:h.lewandowska@interia.pl, ORCID ID:

Nesenenko Pavеl
PhD in Economics, Associate Professor, General Economic Theory and Economic Policy Department, Odessa National Economic University, Odesa, E-mail: nppod@ukr.net, ORCID ID: https://orcid.org/0000-0001-6399-3511

Cite this article:

Lewandowska H., Nesenenko P. (2022) Economic policy: genesis and changes before the period of formation of developed industrial capital. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Ekonomichna politika: genezis ta zmini do periodu formuvannya rozvinutogo promislovogo kapitalu; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 1-2 (290-291), pp. 43-53.

Abstract

The purpose of the article is to study the genesis, essence and specifics of economic policy from the period of its origination in pre-market societies to the period of its significant changes in the process of industrial capital formation, as well as to analyze the features and functions of economic policy through the prism of different schools of economic theory. The main thing in the article is the evolutionary method of research, supplemented by the methods of the analyzed schools of economic theory – descriptive, analytical and dialectical methods. The conducted research allows us to conclude that economic policy arises and develops as a reaction on the part of the state to the development of the market, and the stages of evolution of economic policy that we have identified reflect the corresponding periods of its development. In pre-market societies, the main thing was the state policy, which set the task of reproducing people in a certain class structure, by reproducing their inequality. The main features of state policy are noted, such as: orientation towards the reproduction of a certain class structure, finding new ways of subordinating some people to others. In the process of market development and industrialization, industrial capital is being formed and new approaches to economic policy are being developed. In this context, it is noted that deindustrialization in the course of market reforms in Ukraine had direct and inverse links with economic policy. The theoretical provisions of the article make it possible to develop practical recommendations for improving economic policy and economic practice in modern Ukraine, in particular, this concerns the problems of industrial capital development and reindustrialization.

Keywords

state policy, class structure of society, political systems, political monopoly, economic policy, stages of development of economic policy, mercantilism, free trade, industrial capital, industrialization, economic policy of the classical school, deindustrialization, reindustrialization.

JEL classification: А100, В110, В120, В130, О100; DOI: 10.32680/2409-9260-2022-1-2-290-291-43-53

UD classification: 338.2:330.142.23

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