Transformation of economic relations & regulation

This is a new author’s discipline of professor Kovalenko which was specially developed for this educational program in 2023. It offers students with different educational backgrounds to critically look at modern changes in the main economic processes.

The original lectures cover an overview of the main prerequisites and factors for economic relations transformation; explanation of main formation factors of the state to reshape a social & economic order; coverage of the influence of psychohistory and non-economic laws on the development of economic relations; reviewing the role of property as a key factor in the formation of economic relations, etc. This discipline has also incorporated a critical rethinking of the defining impact of digital technologies (platforms, virtual values, artificial intelligence), corporatocracy, globalization and regionalization on humanity in recent history.

Volume of study load: 5 ECTS credits.

It is important to thoroughly explain to students why and how radical transformations of economic relations are taking place in modern society.

Highlight the essence of the network digital meritocracy and show it as a new form of power in which every cell of the functional matrix of the organization and management of society’s life activities can be filled with worthy and experienced professionals armed with a wide range of knowledge, with a high level of willpower & human qualities, relying on natural, so is artificial intelligence.

This discipline is mandatory and basic for familiarization of all our students. It has an important theoretical value. At the same time, it allows a more complete understanding of modern reality in a broad context and partially explains the causes & possible consequences of the transformations of the world order in the 2020s.

  • Come On! Capitalism, Short-termism, Population and the Destruction of the Planet – A Report to the Club of Rome / E. von Weizsäcker, A. Wijkman. Springer, 2017. 232 p.
  • Maxton G., Randers J. (2017). In search of well-being. Kyiv: Ukr. Association of the Club of Rome (in Ukrainian).
  • Ha-Joon Chang (2010). 23 Things They Don’t Tell You About Capitalism (Penguin Books Ltd; 2010). ISBN 978-1-60819-166-6
  • Mazzucato M. The Value of Everything: Making and Taking in the Global Economy, New York: PublicAffairs, 2018, 384 c.
  • Hayek Fr. (2022). The path to serfdom / published as part of the “Price of the State” project. Kyiv: CASE Ukraine, 2022. 25 p. (in Ukrainian)
  • Digital economy: trends, risks and social determinants / O. Pishchulina. Kyiv: Razumkov Center, 2020. 274 p. (in Ukrainian)
  • Tanzi V. (2018) Government and Markets: The Changing Economic Role of the State. 584 p. (in Russian)
  • Kud A. (2022). Transformation of economic relations and methods of their implementation in the conditions of the development of digital technologies. DOI: http://dx.doi.org/10.30970/ves.2022.62.0.6204 (in Ukrainian)
  • Capitalism without capital: the rise of the immaterial economy / Jonathan Haskell, Stian Westlake. URL : https://telegra.ph/Kapitalizm-bez-kapitala-vzlet-nematerialnoj-ehkonomiki-07-10 (in Russian)
  • Mazzucato M. (2013). The Entrepreneurial State : Debunking public vs. private sector myths. London, 202 c. URL : http://digamo.free.fr/mazzucato.pdf
  • Ha-Joon Chang (2022). Edible Economics – A Hungry Economist Explains the World (Pelican Books; 2022). ISBN 9780241534649
  • Rethinking e-government services: user-centric approaches / OECD. Paris, 2009

Tutor

Mykola Kovalenko

Dr.Sc. in public administration, full professor

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