Ideas, symbols and narratives for the economic development of Russia
https://doi.org/10.21202/2782-2923.2023.1.5-22
EDN: SEDBTL
Abstract
Objective: to consider the importance of studying the influence of ideas and ideology on economic development. Based on the concept of three fundamental conditions and two prerequisites necessary for the modern innovative development of the economy, the ideas are proposed that may be in demand for their implementation.
Methods: the article uses historical and qualitative methods to analyze and hypothetically reconstruct the influence of ideas on economic development. The approaches of narrative economics are applied to the study of the economic policy justification.
Results: it is shown that, under modern conditions, narratives widely spread in society are significant for promoting ideas regarding economic reform. Narratives are an evolutionarily established way of packaging ideas and broadcasting them in the society. To promote effective narratives, they must be consistent with historical experience, as well as associated with significant historical figures. The paper considers the seemingly paradoxical hypothesis that in modern conditions Lenin’s legacy can serve as a basis for the promotion of progressive ideas. Such ideas are primarily related to the modernization of the economy and social relations based on technological innovations, the development of entrepreneurship and market mechanisms, as well as the development of education and science.
Scientific novelty: it consists in the application of the synthesis of institutional and narrative economics methodology to the study of the dissemination of ideas and related narratives and their impact on economic development.
Practical significance: the provisions and conclusions of the article can be used for further analysis of the influence of ideas and ideology on the implementation of economic policy and institutional changes aimed at economy modernization.
Keywords
Supporting agencies: The author is grateful to Vitaliy Leonidovich Tambovtsev for valuable ideas and comments when discussing the article provisions at the seminars of “Rostov University Economic Initiative” scientific society. The research was carried out at the expense of the grant of the Russian Scientific Fund No. 21-18-00562, https://rscf.ru/project/21-18-00562 / “Development of the Russian innovation system in the context of narrative economics” at Southern Federal University.
About the Author
V. V. Volchik
Southern Federal University
Russian Federation
Competing Interests:
Russian Federation
Vyacheslav V. Volchik, Professor, Head of the Department of Economic Theory of the Faculty of Economics
Web of Science Researcher ID: https://www.researcherid.com/rid/K-7832-2012; AuthorID: 75363
Rostov-on-Don
Competing Interests:
The author is a member of the Editorial Board of the Russian Journal of Economics and Law. The article has been reviewed on the usual terms.
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For citations:
Volchik V.V. Ideas, symbols and narratives for the economic development of Russia. Russian Journal of Economics and Law. 2023;17(1):5-22. (In Russ.) https://doi.org/10.21202/2782-2923.2023.1.5-22. EDN: SEDBTL
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