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In Search of Social Development Factors: from Monocausal Concepts to Polycausal

In Search of Social Development Factors: from Monocausal Concepts to Polycausal

Journal of Economic Regulation, , Vol. 10 (no. 4),

In the article a critical analysis of modern theories of economic growth and social development of the society is provided. As the key ones are considered such theories of foreign and Russian researchers as J. Diamond, D. Acemoglu and J. Robinson; Ch. Welzel; D. North, J. Wallis and B. Weingast; T. Piketty; N. Taleb; E. Fromm; S. Kirdina-Chandler; V. Polterovich, E. Balatsky. There is shown that modern theories conditionally can be divided into two groups: monocausal, emphasizing the role of the dominant factor in the development of society, and polycausal, studying the mutual influence of heterogeneous factors. Meanwhile, during the analysis it was substantiated that theories, claiming to be monocausal, in fact are not such ones. That happens because along with the dominant factor they study the influence of other groups of factors and economic mechanisms on the evolution of society. The critical analysis of modern theories of the development from the point of view of their potential to consider from a single position a variety of social changes over long time periods allowed to identify among them the most perspective ones. It is shown that the theory of cycles of coercion Polterovich– Balatsky, supplemented by the concept of constant and variable factors of development, is a productive synthesis of all teachings. The further development of the theory can serve as the base for creating the generalized model of economic growth which will allow it to claim the role of a general development theory, linking all the factors of the evolution of society.

Keywords: economic growth; social development; civilization; institutions; culture; technology; capital; cycles

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Publisher: Ltd. "Humanitarian perspectives"
Founder: Ltd. "Humanitarian perspectives"
Online ISSN: 2412-6047
ISSN: 2078-5429