The problem of compliance of the framework conditions of the policy of economic order with the basic social values
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Date
2019
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
An essential component of economic policy problems is the divorce between reality
and the desired socio-economic situation. In order to overcome this problem, the necessary condition is to comply with the basic public values (freedom, justice, security, progress) of the economic policy objectives and the decisions taken to implement them. This is what determines both the rationality of economic policy decisions and the effectiveness of their implementation in practice.
The economic order and legal-legislative system must always be focused on the core
public values and goals. This is why economic order policy strives to achieve consistency
between the public value system and the formation of framework conditions of economic
order. This makes it clear that order politics is of instrumental nature in achieving sociopolitical goals and it is fundamentally different in different socio-economic systems
(Gvelesiani, Gogorishvili, 2018, 11).
The more the ability to self-regulate market coordination is expected during
the formation of framework conditions of economic order, the less the risk of random
interventions. Priority is given to consistent, long-term and cautious economic policies.
Particular caution should be exercised when trying to establish the framework conditions
of economic order with the aim of improving self-regulation of market coordination.
Description
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Keywords
key public values, economic order policy, framework conditions of economic order, economic interests, conflicts of interest
Citation
Economics and Business, №3, 2019, pp. 27-39