Revival and renewal of political economy

Abstract

The article presents authors’ proposals concerning the need for revival and renewal of political economy, such as: specification of the science subject; definition of the category “economic interests” in its original meaning and social dimension; definition of politics as market of interests; a fundamental the statement of the only possible rational application of institutions, including capitalism and socialism, planning and market, as mechanisms and tools for social and economic development; definition of the content of the basic social and economic contradictions of modern times as a conflict of global, as well as national and state (public) interests, manifested in the subordination and absorption of national states by the global financial system.