Abstract

Currently, Ukraine is in a kind of “bifurcation point”, which opens up the possibility of further historical movement in several mutually exclusive directions. Under these conditions, the importance of economic science, which is called upon to actively influence social choice by means of a theoretical justification of such a variant of the state economic strategy that would meet the objective needs of developing the country’s productive forces to the greatest extent, is sharply increasing. The main goal of the article is to use the categorical apparatus of economic theory to scientifically determine the contours of such an economic management model that could become an effective alternative to the old management system, which is the main cause of Ukraine’s economic failure. International practice has accumulated a critical mass of empirical material showing that under modern conditions the subject-object model of driven development is becoming dominant. Within the framework of this model, society, acting as a single collective subject, consciously uses the objective economic laws of capitalism to develop its productive forces. The success of volitional transformations beginning in our country will ultimately largely depend on whether they lead to the creation of a modern development model, identical in its economic content to state capitalism. These specific historical conditions determine the necessary relationship between economic theory and public policy in the framework of the new model of economic management, which involves not just managed, but scientifically-driven development. Such scientific management of economic development is especially necessary for Ukraine, which under the guise of neoliberal deregulation stubbornly imposes a long-obsolete neoliberal model of spontaneous market transformation. Therefore, under modern conditions, political economy is called upon to become, first of all, a theory of action, a theory of public management of the economy. This opens up new broad opportunities at all levels of economic research, including: (i) the further development of the proposed methodology itself; (ii) the development of economic theory on its basis; and (iii) the consistent application of this theory to solve the extremely complex practical problems associated with the process of creating a subject-object model of driven economic development in Ukraine.

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