Abstract: The theory of intertemporal substitution is the most popular theory of the dynamics of household consumption used in different studies. However, there is no consensus among researchers on what...
Abstract: The goal of this article is twofold: (1) From Marx’s “Capital” standpoints: give definitions/explanations of main Keynesian macroeconomic categories, identities and laws, (2) Discover the extent to which psychological...
Abstract: The phenomenon of elevation needs investigated in the mechanism of the dialectical development of production and consumption and is represented as a set of interrelated aspects. This is increase...
Abstract: Private consumption has been one of the key drivers of the Russian economic growth for a long time. Recent weakening of the economic activity and recession of the current...