Considering all the measures taken by central banks of the leading countries to overcome the global financial crisis of 2007–2009, one might have expected that economies would grow at a higher pace. However, their growth remains rather unstable. This puts the question of how modern economy retains the capability to adequately respond to applied measures of impact.

Opening address of editor-in-chief.

The economic crisis of 2009 – 2014 in Russia and Ukraine is not a result of the global financial crisis impact. The continuing deterioration of the Ukraine and Russia’s economies is caused primarily by inadequate macroeconomic policy, which cannot be optimal due to institutional character of its origin.

The economic crisis of 2009 – 2014 in Russia and Ukraine is not a result of the global financial crisis impact. The continuing deterioration of the Ukraine and Russia’s economies is caused primarily by inadequate macroeconomic policy, which cannot be optimal due to institutional character of its origin.

Many claim that it is impossible to reform “socialist” societies, that their collapse was inevitable. But there is the Chinese experience, which does not correspond to this interpretation…

Russia is accumulating human resource of the new elite. Some representatives of the Soviet elite are still active. Stably active are some characters of the Yeltsin era. Quite successful in life are the nominees to the official elite of “fat zero”. But among all the elite waves there is what is called “breakage” — those, who have not attained longed-for lines, dismissed, discharged, exiled.

No new world order exists. But complete disorder exists. Those at the bottom of the social ladder think that up there above, there are normal people. They are not. The people above are crazy, mutants that have lost sound logic. They unconsciously commit a suicide, they have no culture, they are alien to the idea of solidarity, they do not feel the residents of our planet.