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LEMISHKO, Olena; SHEVCHENKO, Anatoly; SHEVCHENKO, Natalie. Processing of theories of finance and agricultural capital in research of outstanding financial scientists. In: The Scientific Journal of Cahul State University “Bogdan Petriceicu Hasdeu” Economic and Engineering Studies. 2019, nr. 2(6), pp. 36-41. ISSN 2587-313X.
|The Scientific Journal of Cahul State University “Bogdan Petriceicu Hasdeu” Economic and Engineering Studies|
|Numărul 2(6) / 2019 / ISSN 2587-313X /ISSNe 2587-3121|
|JEL: F65, E22, F63.|
The article deals with the theoretical foundations of finance and the reproduction of agrarian capital from the perspective of different scientific schools of the sixteenth and nineteenth centuries. The economic nature of capital as the main element of social reproduction is substantiated; generalized theoretical principles of the process of capital accumulation, deepened the economic nature of finance; the process of capital reproduction is analyzed with the help of different views of economists and macroeconomic schools. It is indicated that classical political economy became the science, which made a significant contribution to the theory of finance and capital, based on economic laws and covered all spheres of human economic activity. It is proved that the evolution of the development of conditions and foundations of capital formation indicates a constant search for its optimality. It is substantiated that the radical changes in economic science, initiated by the scientific schools of the sixteenth and nineteenth centuries, did not become global; however, it was the eminent scholars-economists of the Macroeconomic School of Mercantilism and Classical Political Economy who changed the direction of economic theory and laid the groundwork for further research on the most complex issues of finance and capital reproduction.
finance, capital, mercantilism, physiocracy, keynesianism, economic and financial thought
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