Objective and Subjective Factors in Economy and Economics

Yuriy Knyazev

doi:doi:10.11648/j.jwer.20211001.11

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Objective and Subjective Factors in Economy and Economics

Yuriy Knyazev

Published in Journal of World Economic Research (Volume 10, Issue 1)

Received: 21 December 2020 Accepted: 6 January 2021 Published: 25 January 2021

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Abstract

The paper is aimed to substantiate that in modern economy, besides the market, a public sphere exists and develops according to its inherent non-market logic. This issue is regarded from the point of view of correlation between objective and subjective factors in the economy. The author expounds his conception of these factors’ correlation, the evolution of scientific insights in their role in society, explains the specificity of subjective forces’ functioning judging from the positions of methodological dualism, which combines the principles of individualism and collectivism. The dual nature of human personality combining contradictory fundamentals of instinctive individualism and collectivism acquired in society explains people’s substantial behavioral differences under market conditions and in the public sphere. In the paper the differing importance of objective and subjective factors in the market and non-market spheres of economy is substantiated: the market area is managed mainly by objective regularities, which reduce people’s subjective actions to a common denominator, whereas in the public sphere, on the contrary, the leading role is played by subjective notions of public interests, of benefit and mischief resulting from any intentions, of further development goals and ways. In the final part of the research the author presents his characteristic of the public sphere, which functions besides the market but with the latter demands in view, and therefore requires an in-depth study of its inherent regularities, including the state fulfilling its regulating role in market economy.

Published in	Journal of World Economic Research (Volume 10, Issue 1)
DOI	10.11648/j.jwer.20211001.11
Page(s)	1-9
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2021. Published by Science Publishing Group

Keywords

Objective and Subjective Factors, Market and Non-market Spheres, Individualism and Collectivism, Methodological Dualism, The Public Sphere and Its Regularities, The Role of the State in Market Economy

References

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Yuriy Knyazev. (2021). Objective and Subjective Factors in Economy and Economics. Journal of World Economic Research, 10(1), 1-9. https://doi.org/10.11648/j.jwer.20211001.11

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ACS Style

Yuriy Knyazev. Objective and Subjective Factors in Economy and Economics. J. World Econ. Res. 2021, 10(1), 1-9. doi: 10.11648/j.jwer.20211001.11

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AMA Style

Yuriy Knyazev. Objective and Subjective Factors in Economy and Economics. J World Econ Res. 2021;10(1):1-9. doi: 10.11648/j.jwer.20211001.11

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@article{10.11648/j.jwer.20211001.11,
  author = {Yuriy Knyazev},
  title = {Objective and Subjective Factors in Economy and Economics},
  journal = {Journal of World Economic Research},
  volume = {10},
  number = {1},
  pages = {1-9},
  doi = {10.11648/j.jwer.20211001.11},
  url = {https://doi.org/10.11648/j.jwer.20211001.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20211001.11},
  abstract = {The paper is aimed to substantiate that in modern economy, besides the market, a public sphere exists and develops according to its inherent non-market logic. This issue is regarded from the point of view of correlation between objective and subjective factors in the economy. The author expounds his conception of these factors’ correlation, the evolution of scientific insights in their role in society, explains the specificity of subjective forces’ functioning judging from the positions of methodological dualism, which combines the principles of individualism and collectivism. The dual nature of human personality combining contradictory fundamentals of instinctive individualism and collectivism acquired in society explains people’s substantial behavioral differences under market conditions and in the public sphere. In the paper the differing importance of objective and subjective factors in the market and non-market spheres of economy is substantiated: the market area is managed mainly by objective regularities, which reduce people’s subjective actions to a common denominator, whereas in the public sphere, on the contrary, the leading role is played by subjective notions of public interests, of benefit and mischief resulting from any intentions, of further development goals and ways. In the final part of the research the author presents his characteristic of the public sphere, which functions besides the market but with the latter demands in view, and therefore requires an in-depth study of its inherent regularities, including the state fulfilling its regulating role in market economy.},
 year = {2021}
}

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TY  - JOUR
T1  - Objective and Subjective Factors in Economy and Economics
AU  - Yuriy Knyazev
Y1  - 2021/01/25
PY  - 2021
N1  - https://doi.org/10.11648/j.jwer.20211001.11
DO  - 10.11648/j.jwer.20211001.11
T2  - Journal of World Economic Research
JF  - Journal of World Economic Research
JO  - Journal of World Economic Research
SP  - 1
EP  - 9
PB  - Science Publishing Group
SN  - 2328-7748
UR  - https://doi.org/10.11648/j.jwer.20211001.11
AB  - The paper is aimed to substantiate that in modern economy, besides the market, a public sphere exists and develops according to its inherent non-market logic. This issue is regarded from the point of view of correlation between objective and subjective factors in the economy. The author expounds his conception of these factors’ correlation, the evolution of scientific insights in their role in society, explains the specificity of subjective forces’ functioning judging from the positions of methodological dualism, which combines the principles of individualism and collectivism. The dual nature of human personality combining contradictory fundamentals of instinctive individualism and collectivism acquired in society explains people’s substantial behavioral differences under market conditions and in the public sphere. In the paper the differing importance of objective and subjective factors in the market and non-market spheres of economy is substantiated: the market area is managed mainly by objective regularities, which reduce people’s subjective actions to a common denominator, whereas in the public sphere, on the contrary, the leading role is played by subjective notions of public interests, of benefit and mischief resulting from any intentions, of further development goals and ways. In the final part of the research the author presents his characteristic of the public sphere, which functions besides the market but with the latter demands in view, and therefore requires an in-depth study of its inherent regularities, including the state fulfilling its regulating role in market economy.
VL  - 10
IS  - 1
ER  -

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Author Information

Yuriy Knyazev

Centre for East European Studies, Russian Academy of Sciences Institute of Economy, Moscow, Russia

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APA Style

Yuriy Knyazev. (2021). Objective and Subjective Factors in Economy and Economics. Journal of World Economic Research, 10(1), 1-9. https://doi.org/10.11648/j.jwer.20211001.11

Copy | Download

ACS Style

Yuriy Knyazev. Objective and Subjective Factors in Economy and Economics. J. World Econ. Res. 2021, 10(1), 1-9. doi: 10.11648/j.jwer.20211001.11

Copy | Download

AMA Style

Yuriy Knyazev. Objective and Subjective Factors in Economy and Economics. J World Econ Res. 2021;10(1):1-9. doi: 10.11648/j.jwer.20211001.11

Copy | Download

@article{10.11648/j.jwer.20211001.11,
  author = {Yuriy Knyazev},
  title = {Objective and Subjective Factors in Economy and Economics},
  journal = {Journal of World Economic Research},
  volume = {10},
  number = {1},
  pages = {1-9},
  doi = {10.11648/j.jwer.20211001.11},
  url = {https://doi.org/10.11648/j.jwer.20211001.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20211001.11},
  abstract = {The paper is aimed to substantiate that in modern economy, besides the market, a public sphere exists and develops according to its inherent non-market logic. This issue is regarded from the point of view of correlation between objective and subjective factors in the economy. The author expounds his conception of these factors’ correlation, the evolution of scientific insights in their role in society, explains the specificity of subjective forces’ functioning judging from the positions of methodological dualism, which combines the principles of individualism and collectivism. The dual nature of human personality combining contradictory fundamentals of instinctive individualism and collectivism acquired in society explains people’s substantial behavioral differences under market conditions and in the public sphere. In the paper the differing importance of objective and subjective factors in the market and non-market spheres of economy is substantiated: the market area is managed mainly by objective regularities, which reduce people’s subjective actions to a common denominator, whereas in the public sphere, on the contrary, the leading role is played by subjective notions of public interests, of benefit and mischief resulting from any intentions, of further development goals and ways. In the final part of the research the author presents his characteristic of the public sphere, which functions besides the market but with the latter demands in view, and therefore requires an in-depth study of its inherent regularities, including the state fulfilling its regulating role in market economy.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - Objective and Subjective Factors in Economy and Economics
AU  - Yuriy Knyazev
Y1  - 2021/01/25
PY  - 2021
N1  - https://doi.org/10.11648/j.jwer.20211001.11
DO  - 10.11648/j.jwer.20211001.11
T2  - Journal of World Economic Research
JF  - Journal of World Economic Research
JO  - Journal of World Economic Research
SP  - 1
EP  - 9
PB  - Science Publishing Group
SN  - 2328-7748
UR  - https://doi.org/10.11648/j.jwer.20211001.11
AB  - The paper is aimed to substantiate that in modern economy, besides the market, a public sphere exists and develops according to its inherent non-market logic. This issue is regarded from the point of view of correlation between objective and subjective factors in the economy. The author expounds his conception of these factors’ correlation, the evolution of scientific insights in their role in society, explains the specificity of subjective forces’ functioning judging from the positions of methodological dualism, which combines the principles of individualism and collectivism. The dual nature of human personality combining contradictory fundamentals of instinctive individualism and collectivism acquired in society explains people’s substantial behavioral differences under market conditions and in the public sphere. In the paper the differing importance of objective and subjective factors in the market and non-market spheres of economy is substantiated: the market area is managed mainly by objective regularities, which reduce people’s subjective actions to a common denominator, whereas in the public sphere, on the contrary, the leading role is played by subjective notions of public interests, of benefit and mischief resulting from any intentions, of further development goals and ways. In the final part of the research the author presents his characteristic of the public sphere, which functions besides the market but with the latter demands in view, and therefore requires an in-depth study of its inherent regularities, including the state fulfilling its regulating role in market economy.
VL  - 10
IS  - 1
ER  -

Copy | Download