Tuesday, August 22, 2017

Eurasia Forum interviews Astana Club laureate Alexander Maltsev

The Eurasia Forum interviewed Astana Club Nobel Laureate Alexander A. Maltsev earlier in the summer, when the 28-year-old professor of global economy discussed his time at Ural State Economic University (USUE) and the research he conducted.

In regards to his Nobel Laureate-winning research for the Astana club, Maltsev discussed the modern paradigms of the world economy as it pertains to post-industrial theory.

"I was able to prove that over the centuries the emergence of new technologies has led to institutional shifts, causing changes in the development of economic science," Malstev said. "Central objective of the study was to reveal the potential of the method of analysis of the relativistic evolution of economic theory. The advantage of this approach is the inability to classify the economic doctrines of the past in terms of 'better' or 'worse' because of the built-in assumption that that statement of scientific problems is determined by socio-economic context of lived period."

Maltsev attributes the dynamics of the modern Russian, and therefore global economies, to a number of theories posed by economic philosophers throughout history, including domination absolutism, the trap of backwardness, epoch-making inventions and M. Blaug's "basic cannon of economic theory".

"Together, these approaches allow to justify the idea that the correction vector of economic mainstream occurs during an 'innovation pause', when there is a delay in the replacement of one holistic system of the conjugate technology to another," Maltsev said. "In particular, the proof is based on the example of the marginalist revolution, the Keynesian revolution, monetarist 'rebellion'."

When asked about the Astana Economic Forum as an institution, Maltsev expressed his enthusiasm for the group's continued academic successes.

"Taking part in the Astana Economic Forum once again I was convinced that the solution of contemporary problems of the world economy requires the mobilization potential of the entire expert community--all branches of knowledge," Maltsev said. "Forum in Astana is a platform where literally in the same room you can listen to the reports of the whole galaxy of eminent scientists. Of course, a great honor for all participants in the third World Economic Forum was the presence of youth protection projects of the Nobel Prize in Economics."

Maltsev's youth award from the Astana Club has provided him with funding to continue his research into economic science.

"The award, an assessment not only of my work, but also the labor of my teachers..." Maltsev said. "I am very grateful to my colleagues in the Department of World Economy... with whom I constantly exchange ideas and discuss new books. Without a doubt, our wonderful students--a huge incentive to move forward. Their constant questions, the desire to learn new things very motivated to continue their own research. Of course the invaluable contribution to the victory of my beloved parents and sisters."