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ARTICLE OF THE ISSUE

TITLE

Is It Possible to Reduce the General Level of Consumer Prices in the Russian Economy?

Aleksandr V. Zolotov, Sergei A. Zolotov, Elena V. Lyadova

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INDEX

RAR (Research Article Report)

https://doi.org/10.52180/1999-9836_2024_20_1_2_17_26

EDN NMFRLX

AUTHORS

Aleksandr V. Zolotov

Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russia

е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

ORCID: https://orcid.org/0000-0001-7451-4408

SPIN-code: 9009-7855

РИНЦ Author ID: 327805

ResearcherID: R-5887-2016

Sergei A. Zolotov

Branch of the Russian Society "Knowledge" in the Nizhny Novgorod region, Nizhny Novgorod, Russia

е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

ORCID: https://orcid.org/0000-0002-4650-6723

SPIN - code: 2294-2590

РИНЦ Author ID: 975263

Elena V. Lyadova

Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russia

е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

ORCID: https://orcid.org/0000-0001-6297-2313

SPIN-code:  6321-4311

РИНЦ Author ID: 652523

FOR CITATION

Zolotov AV, Zolotov SV, Lyadova EV. Is it possible to reduce the general level of consumer prices in the Russian economy? Uroven' zhizni naseleniya regionov Rossii=Living Standards of the Population in the Regions of Russia. 2024;20(1):17-26. https://doi.org/10.52180/1999-9836_2024_20_1_2_17_26 (In Russ.)

ABSTRACT

The article analyzes the possibility of reducing the general level of consumer prices in the Russian economy. The labor theory of value was chosen as a theoretical basis for analyzing the dynamics of the price level. It is shown that the labor substance of a product of social production is manifested not only in its value, but also in its labor intensity.It is noted that the unity of labor intensity and cost determines the unidirectionality of changes in their levels. The reason for calculating labor intensity using primarily the value of living labor has been identified. The reason for the calculation of labor intensity using mainly the value of living labor is revealed. It is shown that the dynamics of the ratio of the volume of living labor to the value of the product of social production corresponds to the direction of change in the total labor intensity of this product. It is substantiated that the vector of change in the value of a product of social production can be judged by the dynamics of the costs of living labor for its creation. Taking into account the fact that the price is the money-form of value, the ability of the dynamics of the labor intensity of a product of social production to reflect the objectively possible direction of changes in the general price level is shown. It is proposed to use the sum of sectoral value added created in sectors with a predominance of productive labor to calculate the integral labor intensity. Data are presented for the period from 2005 to 2019, indicating a decrease in the labor intensity of the product of social production in general and its sectors producing consumer goods and services. It is shown that despite the decrease in the labor intensity of products in these sectors, and, therefore, their cost, the general level of consumer prices tends to increase. It is concluded that the possibility of lowering the general level of consumer prices in the Russian economy remains formal (abstract), that is, requiring the fulfillment of additional conditions for its implementation.

KEYWORDS

the labor theory of value, labor intensity of the product, public production, value, price, consumer price index,added value, monopoly, pricing

AUTHORS BIOGRAFY

Aleksandr V. Zolotov

Doctor of Economics, Professor, Head of Economic Theory and Methodology Department, Lobachevsky State University of Nizhny Novgorod

Sergei А. Zolotov

PhD in Sociology, Director of the Branch of the Russian Society "Knowledge" in the Nizhny Novgorod region

Elena V. Lyadova

PhD in Economics, Associate Professor of Economic Theory and Methodology Department, Lobachevsky State University of Nizhny Novgorod

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The article was submitted 22.08.2023; approved after reviewing 28.11.2023; accepted for publication 21.13.2024