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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.73, # 1, 2016, pp. 4-37

THE ANALYSIS OF THE MACROECONOMIC DYNAMICS AND
ASSESSMENT OF SMART FACTORS’ INPUTS TO THE BALANCED
GROWTH RATES

Akimov. N.
Candidate of Economic Sciences, Independent Economist.
Baizakov. S.
Doctor of Economics, Science Adviser, JC ―Economic Research Institute of
Ministry of National Economy of Republic of Kazakhstan.
Oinarov. A.
Candidate of Technical Sciences, Chairman of Board, Kazakhstan‘s Centre of
Public and Private Partnership.
Utembayev. E.
Candidate of Economic Sciences, Independent Economist.

(Statement by Kazakhstan’s followers of Acad. Aleksandr G. Granberg
th
on the occasion of his 80 anniversary)

Received 15 January 2016; accepted 10 June 2016; published online 30 June 2016

Abstract
This paper explores the alternative ways of revealing the system of just and fair
economic laws that may well serve the instruments of discovering the distortions in
an economy. They may also serve for the purposes of assessing the impact of
regulatory policies on the market-based economic development. The economic
model capable of analyzing and assessing the regulatory impacts based on the
principle of irreversibility of capital, in the form of money, and capital, in the form
goods, has been developed.

Keywords: capital, profitability, science & technology potential, macroeconomics, balance.

JEL classification: F43; C38, F14, F31; O42

1. The concept as the methodological basis of the three-step analysis of
the development of market economy by J. B. Clark
Introduction. Having been influenced by the comments made by I.V.
Rozmainskii in regard of John B. Clark‘s book titled The Distribution of Wealth one
may derive the following conclusions: John Bates Clark, following Karl Marx, back
in 1899, had revealed that the existence of fair laws governing the development of
market economy is possible [I.V. Rosmainskii, 2000].

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