The Euro-Asian Symposium on Economic Theory strives to combine the efforts of the scientific community in order to solve urgent development problems of economic theory. While a wide range of questions concerning the development of economic thought is considered, every year, special attention is paid to one particular complex and debatable issue.
The purpose of the Symposium is to exchange research experience and search for effective solutions to development problems of modern economic theory in the context of turbulence and accelerated technological development of economic systems.
The Symposium participants discussed the following topics: conceptual foundations of mainstream and political economy; alternative directions for the development of theoretical economics; mechanisms of interaction of economic theories to construct a new world order. Additionally, the contribution of economic theory to solving the problems of the expansion of new technologies, inequality, environmental justice, globalization, regionalization and a polycentric world were considered.
Yuliya Lavrikova
(Russia)
Yulia Lavrikova is the Director of the Institute of Economics of the Ural Branch of RAS, a well-known Russian scientist in the field of regional and territorial and sectoral economy, head of the leading scientific school "Restructuring of territorial industrial complexes". She personally contributed to the elaboration of: proposals for the development of territorial industrial complexes considering the market nature of modern cluster associations, which formed the basis of the Concept of Cluster Policy of Sverdlovsk Oblast until 2020; documents for the creation of a high-tech cluster "Titanium Valley", Ural Construction Cluster, Ural Transport and Logistics Cluster, etc.; a set of measures for socio-economic development of the largest municipalities, combining the forecast of structural changes in the economy, the coupling of spatial (including agglomeration) and sectoral aspects of forecasting, achieving a balance of labour, production and financial resources in the largest cities. Yulia Lavrikova is a permanent expert in the Department of Organizational Support for Interaction with the Corps of Experts of the Directorate for Scientific and Methodological Guidance and Expert Activities of RAS, a member of the expert group on strategic planning and regional development at the Economic Policy Council under the Plenipotentiary Representative of the President of the Russian Federation in the Ural Federal District. The research results are reflected in 175 scientific publications, including 38 individual and collective monographs. She is the recipient of the Tatishchev and de Gennin Award (2008), twice a laureate of the RAS competition “Best Economist of the Year”.
Conference honorary chair
Jeffrey D. Sachs is an American economist who advised governments around the world on economic reforms and developed initiatives aimed at eradicating poverty globally. Sachs is the recipient of the 2022 Tang Prize in Sustainable Development and the co-recipient of the 2015 Blue Planet Prize, the leading global prize for environmental leadership. He was twice named among Time magazine’s 100 most influential world leaders. Jeffrey D. Sachs is the Director of the Center for Sustainable Development at Columbia University. Professor Sachs was the Director of the Earth Institute at Columbia University from 2002 to 2016. He is the President of the UN Sustainable Development Solutions Network and Co-Chair of the Council of Engineers for the Energy Transition. He is an Academician of the Pontifical Academy of Social Sciences at the Vatican, Commissioner of the UN Broadband Commission for Development, Tan Sri Jeffrey Cheah Honorary Distinguished Professor at Sunway University and SDG Advocate for UN Secretary General. In 2001-2018, Sachs served as Special Advisor to UN Secretaries-General Kofi Annan (2001-2007), Ban Ki-moon (2008-2016), and António Guterres (2017-2018).
Conference honorary chair
James K. Galbraith holds the Lloyd M. Bentsen Jr. Chair in Government/Business Relations and a professorship in Government at The University of Texas at Austin (USA). He held various positions in the United States Congress, including the Executive Director of the Joint Economic Committee. In 1995–1997, he directed the PhD Program in Public Policy at the Lyndon B. Johnson School of Public Affairs. J. K. Galbraith heads up the University of Texas Inequality Project. In 1993–1997, he served as Chief Technical Adviser for Macroeconomic Reform to the State Planning Commission of the People's Republic of China. From 1996 to 2016, he was the Chairman of the International Movement “Economists for Peace and Security”. On January 4, 2020, James K. Galbraith received the Veblen-Commons Award of the Association for Evolutionary Economics (AFEE). He studies global economic inequality and various macroeconomic issues. Galbraith has authored a number of monographs and numerous publications in periodicals in the USA and other countries.
Sergey Bodrunov is a Russian economist, Corresponding Member of the Russian Academy of Sciences in the Department of Social Sciences of RAS (specialty in economics), Dr. Sci. (Econ.), Member of the International Academy of Management, Member of the St. Petersburg Engineering Academy, Honorary Dr. Sci. of the Plekhanov Russian University of Economics, Ural State University of Economics (Ekaterinburg) and Francisk Skorina Gomel State University (Belarus), President of the All-Russian Public Organization “Free Economic Society of Russia”, President of the International Union of Economists (ITU). Bodrunov is the Head of the S. Y. Witte Institute for New Industrial Development, Editor-in-Chief of the scientific journal “Economic Revival of Russia”, Editor-in-Chief of the scientific journal “Noonomy and Noosociety. Almanac of Scientific Works of the S.Y. Witte”, which addresses the issues raised by the concept of New industrial society of the second generation (NIS.2) and the theory of Noonomy. Sergey Bodrunov is a well-known specialist in the field of macroeconomics and industrial development. He authored more than 800 scientific publications in Russia and abroad, including 35 monographs.
Yu Miaojie holds a PhD in Economics from the University of California, Davis, USA. Currently, he is the president of Liaoning University, a member of the United Nations International Economic Association (IEA), a Distinguished Professor of the National Talent Program, a recipient of the China’s National Science Fund for Distinguished Young Scholars, a winner of the NG Teng Fong / Sino Scholarship for Outstanding Youth, a Liberal-Art Chair Professor of Peking University, a member of the Ministry of Commerce’s Economic and Trade Policy Advisory Committee, a council member of the Ministry of Finance’s “China-US Research Think Tank Alliance” and an international consultant to the Russian University of Finance and Economics. He serves as the Vice President of China Society of World Economics, Vice President of the China Econometrics Association, and Vice Chairman of the China Society of Industrial Economics. He is the Deputy Director of the Chinese Association of Hong Kong & Macao Studies, the Vice President of Liaoning Federation of Social Sciences. Yu Miaojie was invited as an expert consultant to the UN, the Asian Development Bank, the Ministry of Finance of the People's Republic of China, the Ministry of Commerce of the People's Republic of China, the Counsellors' Office of the State Council and several governments, and was specially invited to the UN General Headquarters to report on economic development in China. Yu Miaojie has published nearly 200 articles in leading Chinese and foreign journals, as well as 27 monographs, textbooks and review articles in Chinese, English and German.Sergey Bodrunov is a Russian economist, Corresponding Member of the Russian Academy of Sciences in the Department of Social Sciences of RAS (specialty in economics), Dr. Sci. (Econ.), Member of the International Academy of Management, Member of the St. Petersburg Engineering Academy, Honorary Dr. Sci. of the Plekhanov Russian University of Economics, Ural State University of Economics (Ekaterinburg) and Francisk Skorina Gomel State University (Belarus), President of the All-Russian Public Organization “Free Economic Society of Russia”, President of the International Union of Economists (ITU). Bodrunov is the Head of the S. Y. Witte Institute for New Industrial Development, Editor-in-Chief of the scientific journal “Economic Revival of Russia”, Editor-in-Chief of the scientific journal “Noonomy and Noosociety. Almanac of Scientific Works of the S.Y. Witte”, which addresses the issues raised by the concept of New industrial society of the second generation (NIS.2) and the theory of Noonomy. Sergey Bodrunov is a well-known specialist in the field of macroeconomics and industrial development. He authored more than 800 scientific publications in Russia and abroad, including 35 monographs.
Dr. Kazi Sohag is an Associate Professor and Head of the PhD Program at the Graduate School of Economics Management, Ural Federal University, Russian Federation. He is the Head of the Laboratory for International and Regional Economics, a contributing author of IPCC Working Group III under UNFCCC. He has been appointed by the University of Merdeka, Malang, Indonesia as a Visiting Professor under the World Class Professor Program (WCP) 2021 by the Ministry of Education, Culture, Research and Technology, Indonesia. According to RePEc, Kazi Sohag is among the top 100 young economists in the world. Kazi Sohaz appeared in the list of the top 2% influential researchers by Stanford University's evaluation; he is a regular reviewer of more than 50 high-impact journals. His H-index is 30, where the total citation is more than 5000. He delivered numerous public lectures and keynote speeches around the globe. Dr. Kazi Sohag is awarded several international research grants from different countries, including Russia, Iran, Malaysia, Kosovo, UAE, Indonesia and KSA.
PLENARY SESSION
26 June 2024
10.00—20.00 (UTС + 5)
The Institute of Economics of the Ural Branch of RAS held a plenary session at the XI Euro-Asian Symposium on Economic Theory. On June 26, Russian and foreign scientists discussed alternative economic views and the possibility of synthesizing various approaches in order to eventually find solutions to the urgent challenges of the modern world ranging from geopolitical split to global warming.
The outstanding reports were presented by the Conference Honorary Chairs.
Jeffrey Sachs, PhD, Director of the Center for Sustainable Development at Columbia University, President of the UN Sustainable Development Solutions Network (US), focused on the challenges facing humanity. He stated the priority of such social issues as poverty, demography, climate disasters, etc., which can be solved through cooperation of scientists from all over the world.
James C. Galbraith, PhD, Lloyd M. Bentsen Jr. Chair in Government/Business Relations, Professor of Government at The University of Texas at Austin (USA), highlighted the importance of moving away from the mainstream. After researching the COVID-19 crisis, J. C. Galbraith clarified that such medical catastrophes greatly affect the most globalized economies, which are more focused on the global division of labor and, consequently, are most dependent on simulacra and redundancies to maintain employment in their country. Professor Galbraith noted the positive impact of sanctions, which allowed Russian business to develop after the departure of Western companies, which had a significant and not always positive influence on the Russian economy.
At the plenary session, 24 reports were presented by leading scientists from all over the world, including from such countries as Russia, Japan, Italy, India, Malaysia, Bangladesh, China, USA.
Round table
ESG AGENDA FOR REGIONS AND ENTERPRISES: STRATEGIES, REPORTING, FINANCING
27 June 2024
10.00—14.00 (UTС + 5)
The round table started with a discussion of the well-known 18th century personalities, such as Vasily Tatishchev, Vilim de Gennin and Petr Rychkov, who can be considered the first economists of the Urals. Various documents and works of Tatishchev, de Gennin and Rychkov allowed researchers to reconstruct their views. All three practiced late mercantilism, considering it important to develop export industries and support trade surplus.
Round table
ALTERNATIVE THEORIES FOR A NEW WORLD
to the 20th anniversary of AlterEconomics (previously the Russian Journal of Economic Theory)
27 June 2024
15.00—18.00 (UTС + 5)
The participants of the round table recalled the emergence and development of the Russian Journal of Economic Theory, which later changed its brand to AlterEconomics. The journal was created in 2004, when the Russian community of economists realized the limits of borrowed mainstream neoclassical theories in explaining the events in the national economy. Nowadays, as the world order changes, economists in other countries, including those dominating the global market for economic ideas, face the same challenge. This requires changes in the principles of the economic scientific journal, approaches to the organization of its activities, as well as the creation of a journal ecosystem. Special attention at the round table was paid to the implementation of the 2024 project «Russian gene of economic theory».
Round table to the 300th anniversary of RAS
ECONOMIC THOUGHT OF THE URALS: 300 YEARS OF HISTORY
28 June 2024
10.00—13.00 (UTС + 5)
The round table started with a discussion of the well-known 18th century personalities, such as Vasily Tatishchev, Vilim de Gennin and Petr Rychkov, who can be considered the first economists of the Urals. Various documents and works of Tatishchev, de Gennin and Rychkov allowed researchers to reconstruct their views. All three practiced late mercantilism, considering it important to develop export industries and support trade surplus.
Round table
FINANCIAL MODELS FOR PUBLISHING ECONOMIC SCIENTIFIC JOURNALS
28 June 2024
14.00—19.00 (UTС + 5)
As a founder of three economic journals, the Institute of Economics UB RAS continues to pay attention to the problems of publishing scientific periodicals. At the round table, editors and publishers from all over the country discussed the way to financial stability. The discussion of financial models for publishing scientific journals was due to the difficult situation faced by modern publishers. Today, most scientific periodicals offer open access to published articles, but journals that can no longer rely on the subscription model do not receive any systematic financial support from the state.
Scientific sessions
(27 - 28 June 2024)
INTERDISCIPLINARY SYNTHESIS IN THE DEVELOPMENT OF ECONOMIC THEORY: RESULTS AND FURTHER PROSPECTS
27 June 2024
10.00–13.30 (Ekaterinburg)
THE INFLUENCE OF INTERNET TECHNOLOGIES AND ARTIFICIAL INTELLIGENCE ON SOCIO-ECONOMIC DEVELOPMENT
27 June 2024
14.00–17.00 (Ekaterinburg)
GLOBALIZATION AND REGIONALIZATION: DIALOGUE OF CIVILIZATIONS
27 June 2024
17.15–20.45 (Ekaterinburg)
MAINSTREAM VS POLITICAL ECONOMY: GLOBAL CHALLENGES
27 June 2024
18.15–20.00 (Ekaterinburg)
CONSTRUCTION OF SOCIO-ECONOMIC MECHANISMS OF A NEW ORDER IN THE CONTEXT OF ECONOMIC THEORY
28 June 2024
10.00–13.30 (Ekaterinburg)
TRANSFORMATION OF SOCIO-ECONOMIC SYSTEMS: ORTHODOX AND HETERODOX APPROACHES
28 June 2024
13.30-16.00 (Ekaterinburg)
Poster Session
MODERN DIRECTIONS OF NATIONAL ECONOMY DEVELOPMENT: YOUNG SCIENTIST’S VIEW
28 June 2024
16.15–20.00 (Ekaterinburg)