“Progressive Capitalism” by J. Stiglitz: Rethinking the Priorities of Its Formation

Dmytro Dzvinchuk; Victor Petrenko; Mariana Orliv; Andriy Mazak; Iryna Ozminska

doi:doi:10.11648/j.jbed.20190404.11

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“Progressive Capitalism” by J. Stiglitz: Rethinking the Priorities of Its Formation

Dmytro Dzvinchuk, Victor Petrenko, Mariana Orliv, Andriy Mazak, Iryna Ozminska

Published in Journal of Business and Economic Development (Volume 4, Issue 4)

Received: 1 October 2019 Accepted: 21 October 2019 Published: 28 October 2019

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Abstract

The article analyzes the priorities of “progressive capitalism” by Joseph E. Stiglitz and investigates the main conditions of its formation in Ukraine. The following problems are discussed: the strong influence of narratives of the eastern institutional matrix on the development of national economy and political system; unjustified differentiation of the interests of power, business, science and civil society; neglect of the scientific research and the need for institutional change by public authorities and local self-government bodies; high level of national markets monopolization; a strong link between economic power and political influence; legal nihilism and political apathy of the population. Expediency of implementing additional fifth priority, which foresees the use of innovative models, technologies and instruments for managing the intellect using and intellectualization of the national elite and human resources in general, is justified on the basis of the theoretical frameworks and practical recommendations, which were developed by Ukrainian scientists. Taking into account the results of the formation and development of the Presidential Personnel Reserve “New Elite of the Nation”, the authors have initiated the creation of the Laboratory of Intellectual Development for Empowering Regions (LIDER), which will implement a pilot project for the intellectual resources development in the Western region within the framework of the realization of the Ukrainian-Lithuanian program “Competence Development of Lithuanian and Ukrainian Public Sector Employees Using Design-Thinking Methodology”.

Published in	Journal of Business and Economic Development (Volume 4, Issue 4)
DOI	10.11648/j.jbed.20190404.11
Page(s)	128-133
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), 2019. Published by Science Publishing Group

Keywords

Progressive Capitalism, Intellect, Intellectualization, Elite, Human Resources, Management, Pilot Project

References

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APA Style

Dmytro Dzvinchuk, Victor Petrenko, Mariana Orliv, Andriy Mazak, Iryna Ozminska. (2019). “Progressive Capitalism” by J. Stiglitz: Rethinking the Priorities of Its Formation. Journal of Business and Economic Development, 4(4), 128-133. https://doi.org/10.11648/j.jbed.20190404.11

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ACS Style

Dmytro Dzvinchuk; Victor Petrenko; Mariana Orliv; Andriy Mazak; Iryna Ozminska. “Progressive Capitalism” by J. Stiglitz: Rethinking the Priorities of Its Formation. J. Bus. Econ. Dev. 2019, 4(4), 128-133. doi: 10.11648/j.jbed.20190404.11

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AMA Style

Dmytro Dzvinchuk, Victor Petrenko, Mariana Orliv, Andriy Mazak, Iryna Ozminska. “Progressive Capitalism” by J. Stiglitz: Rethinking the Priorities of Its Formation. J Bus Econ Dev. 2019;4(4):128-133. doi: 10.11648/j.jbed.20190404.11

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@article{10.11648/j.jbed.20190404.11,
  author = {Dmytro Dzvinchuk and Victor Petrenko and Mariana Orliv and Andriy Mazak and Iryna Ozminska},
  title = {“Progressive Capitalism” by J. Stiglitz: Rethinking the Priorities of Its Formation},
  journal = {Journal of Business and Economic Development},
  volume = {4},
  number = {4},
  pages = {128-133},
  doi = {10.11648/j.jbed.20190404.11},
  url = {https://doi.org/10.11648/j.jbed.20190404.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20190404.11},
  abstract = {The article analyzes the priorities of “progressive capitalism” by Joseph E. Stiglitz and investigates the main conditions of its formation in Ukraine. The following problems are discussed: the strong influence of narratives of the eastern institutional matrix on the development of national economy and political system; unjustified differentiation of the interests of power, business, science and civil society; neglect of the scientific research and the need for institutional change by public authorities and local self-government bodies; high level of national markets monopolization; a strong link between economic power and political influence; legal nihilism and political apathy of the population. Expediency of implementing additional fifth priority, which foresees the use of innovative models, technologies and instruments for managing the intellect using and intellectualization of the national elite and human resources in general, is justified on the basis of the theoretical frameworks and practical recommendations, which were developed by Ukrainian scientists. Taking into account the results of the formation and development of the Presidential Personnel Reserve “New Elite of the Nation”, the authors have initiated the creation of the Laboratory of Intellectual Development for Empowering Regions (LIDER), which will implement a pilot project for the intellectual resources development in the Western region within the framework of the realization of the Ukrainian-Lithuanian program “Competence Development of Lithuanian and Ukrainian Public Sector Employees Using Design-Thinking Methodology”.},
 year = {2019}
}

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AU  - Victor Petrenko
AU  - Mariana Orliv
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AB  - The article analyzes the priorities of “progressive capitalism” by Joseph E. Stiglitz and investigates the main conditions of its formation in Ukraine. The following problems are discussed: the strong influence of narratives of the eastern institutional matrix on the development of national economy and political system; unjustified differentiation of the interests of power, business, science and civil society; neglect of the scientific research and the need for institutional change by public authorities and local self-government bodies; high level of national markets monopolization; a strong link between economic power and political influence; legal nihilism and political apathy of the population. Expediency of implementing additional fifth priority, which foresees the use of innovative models, technologies and instruments for managing the intellect using and intellectualization of the national elite and human resources in general, is justified on the basis of the theoretical frameworks and practical recommendations, which were developed by Ukrainian scientists. Taking into account the results of the formation and development of the Presidential Personnel Reserve “New Elite of the Nation”, the authors have initiated the creation of the Laboratory of Intellectual Development for Empowering Regions (LIDER), which will implement a pilot project for the intellectual resources development in the Western region within the framework of the realization of the Ukrainian-Lithuanian program “Competence Development of Lithuanian and Ukrainian Public Sector Employees Using Design-Thinking Methodology”.
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Author Information

Dmytro Dzvinchuk

Institute of Humanities and Public Administration, Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine
Victor Petrenko

Institute of Humanities and Public Administration, Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine
Mariana Orliv

Institute of Humanities and Public Administration, Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine
Andriy Mazak

Institute of Humanities and Public Administration, Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine
Iryna Ozminska

Institute of Humanities and Public Administration, Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine

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Dmytro Dzvinchuk, Victor Petrenko, Mariana Orliv, Andriy Mazak, Iryna Ozminska. (2019). “Progressive Capitalism” by J. Stiglitz: Rethinking the Priorities of Its Formation. Journal of Business and Economic Development, 4(4), 128-133. https://doi.org/10.11648/j.jbed.20190404.11

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ACS Style

Dmytro Dzvinchuk; Victor Petrenko; Mariana Orliv; Andriy Mazak; Iryna Ozminska. “Progressive Capitalism” by J. Stiglitz: Rethinking the Priorities of Its Formation. J. Bus. Econ. Dev. 2019, 4(4), 128-133. doi: 10.11648/j.jbed.20190404.11

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AMA Style

Dmytro Dzvinchuk, Victor Petrenko, Mariana Orliv, Andriy Mazak, Iryna Ozminska. “Progressive Capitalism” by J. Stiglitz: Rethinking the Priorities of Its Formation. J Bus Econ Dev. 2019;4(4):128-133. doi: 10.11648/j.jbed.20190404.11

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@article{10.11648/j.jbed.20190404.11,
  author = {Dmytro Dzvinchuk and Victor Petrenko and Mariana Orliv and Andriy Mazak and Iryna Ozminska},
  title = {“Progressive Capitalism” by J. Stiglitz: Rethinking the Priorities of Its Formation},
  journal = {Journal of Business and Economic Development},
  volume = {4},
  number = {4},
  pages = {128-133},
  doi = {10.11648/j.jbed.20190404.11},
  url = {https://doi.org/10.11648/j.jbed.20190404.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20190404.11},
  abstract = {The article analyzes the priorities of “progressive capitalism” by Joseph E. Stiglitz and investigates the main conditions of its formation in Ukraine. The following problems are discussed: the strong influence of narratives of the eastern institutional matrix on the development of national economy and political system; unjustified differentiation of the interests of power, business, science and civil society; neglect of the scientific research and the need for institutional change by public authorities and local self-government bodies; high level of national markets monopolization; a strong link between economic power and political influence; legal nihilism and political apathy of the population. Expediency of implementing additional fifth priority, which foresees the use of innovative models, technologies and instruments for managing the intellect using and intellectualization of the national elite and human resources in general, is justified on the basis of the theoretical frameworks and practical recommendations, which were developed by Ukrainian scientists. Taking into account the results of the formation and development of the Presidential Personnel Reserve “New Elite of the Nation”, the authors have initiated the creation of the Laboratory of Intellectual Development for Empowering Regions (LIDER), which will implement a pilot project for the intellectual resources development in the Western region within the framework of the realization of the Ukrainian-Lithuanian program “Competence Development of Lithuanian and Ukrainian Public Sector Employees Using Design-Thinking Methodology”.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - “Progressive Capitalism” by J. Stiglitz: Rethinking the Priorities of Its Formation
AU  - Dmytro Dzvinchuk
AU  - Victor Petrenko
AU  - Mariana Orliv
AU  - Andriy Mazak
AU  - Iryna Ozminska
Y1  - 2019/10/28
PY  - 2019
N1  - https://doi.org/10.11648/j.jbed.20190404.11
DO  - 10.11648/j.jbed.20190404.11
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 128
EP  - 133
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20190404.11
AB  - The article analyzes the priorities of “progressive capitalism” by Joseph E. Stiglitz and investigates the main conditions of its formation in Ukraine. The following problems are discussed: the strong influence of narratives of the eastern institutional matrix on the development of national economy and political system; unjustified differentiation of the interests of power, business, science and civil society; neglect of the scientific research and the need for institutional change by public authorities and local self-government bodies; high level of national markets monopolization; a strong link between economic power and political influence; legal nihilism and political apathy of the population. Expediency of implementing additional fifth priority, which foresees the use of innovative models, technologies and instruments for managing the intellect using and intellectualization of the national elite and human resources in general, is justified on the basis of the theoretical frameworks and practical recommendations, which were developed by Ukrainian scientists. Taking into account the results of the formation and development of the Presidential Personnel Reserve “New Elite of the Nation”, the authors have initiated the creation of the Laboratory of Intellectual Development for Empowering Regions (LIDER), which will implement a pilot project for the intellectual resources development in the Western region within the framework of the realization of the Ukrainian-Lithuanian program “Competence Development of Lithuanian and Ukrainian Public Sector Employees Using Design-Thinking Methodology”.
VL  - 4
IS  - 4
ER  -

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