State capitalism in the context of confrontation between theories of economic regulation and methodology of market self-regulation
There is a wide range of scientists' views on the need and possibilities of state intervention in the market economic system, which depends on the specific conditions of the world economy. At the same time, objective processes have contributed to a significant increase in the role of the state in the development of science-based economic policy. In the process of evolution of economic views on the issues of regulation of economic processes in the macroeconomic theory, two alternative concepts of economic regulation - Keynesianism and monetarism have been formed. John.M. Keynes and his followers, who took into account the lack of effective internal mechanisms of macroeconomic balance in the free market system, insisted on active state intervention in the economy through discretionary fiscal policy. The basis of the concept of monetarism is the provision that markets are competitive a priori and the market system is able to achieve macroeconomic equilibrium. In the XX century, there was a significant strengthening of the role of the state in national economies, which turned capitalist countries into mixed societies, in which the selfregulating market and the system of its state adjustment interact. The article deals with the specifics of the regulation of the economy by the methods of state capitalism.