Importance The article reviews how the digital economy influences socio-economic processes. Objectives We substantiate that transition to the digital economy (digital revolution) is not a change in a technological mode and/or another technological revolution, but rather a change in the economic development paradigm. Methods The research combines historical, evolutionary and institutional methods. Results Any modifications of the economic development paradigm entail a change in the division of labor, principal way economic agents interact and the basis of economic power. Economic power ceases to rest upon the ownership in its classical understanding. It gives way to the status within the interaction hierarchy, thus allowing to set up rules for interaction and distribution of value added. Conclusions and Relevance In addition to grand opportunities, the digital revolution inevitably results in multiple issues, which can be divided in two classes, i.e. issues of the digital economy origination and the issues of the digital economy. The second class has not been sufficiently studied so far. It implies the degradation of labor, knowledge and content of human life, disruptive selections, and subsequent segregation of people into castes that would have very fragile social links.
Keywords: digital economy, digital revolution, economic revolution, economic development paradigm, labor division
References:
Schwab K. Chetvertaya promyshlennaya revolyutsiya [Die Vierte Industrielle Revolution]. Moscow, EKSMO Publ., 2016, 208 p.
L'vov D.S., Glaz'ev S.Yu. [Theoretical and applied aspects of S&T development management]. Ekonomika i matematicheskie metody = Economics and Mathematical Methods, 1986, no. 5, pp. 793–804. (In Russ.)
Perez C. Tekhnologicheskie revolyutsii i finansovyi kapital. Dinamika puzyrei i periodov protsvetaniya [Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages]. Moscow, Delo Publ., 2011, 232 p.
Dement'ev V.E. [The variability of long waves of economic development]. Problemy teorii i praktiki upravleniya = Theoretical and Practical Aspects of Management, 2016, no. 6, pp. 41–46. (In Russ.)
Bell D. Gryadushchee postindustrial'noe obshchestvo: Opyt sotsial'nogo prognozirovaniya [The Coming of Post-Industrial Society: A Venture of Social Forecasting]. Moscow, Akademiya Publ., 2004, 790 р.
Toffler E. Tret'ya volna [The Third Wave]. Moscow, AST Publ., 2002, 784 р.
Veblen T. Teoriya prazdnogo klassa [The Theory of the Leisure Class: An Economic Study of Institutions]. Moscow, Librokom Publ., 2017, 368 р.
Sombart V. Burzhua.Etyudy po istorii dukhovnogo razvitiya sovremennogo ekonomicheskogo cheloveka [Der Bourgeois]. Moscow, Airis-Press Publ., 2004, 448 р.
Polanyi K. Primitive, Archaic and Modern Economies: Essays of Karl Polanyi. Ed. by George Dalton. N.Y.: Doubleday & Company, 1968. 200 р.
Dement'ev V.E., Evsyukov S.G., Ustyuzhanina E.V. [Hybrid forms of business organization: The interfirm cooperation perspective]. Rossiiskii zhurnal menedzhmenta = Russian Management Journal, 2017, vol. 15, no. 1, pp. 89–122. URL: Link (In Russ.)
Parinov S.I. K teorii setevoi ekonomiki [Towards a theory of networked economics]. Novosibirsk, Institute of Economics and Industrial Engineering, Siberian Branch of RAS Publ., 2002, 168 р.
Bard A., Soderqvist Ja. Netokratiya. Novaya pravyashchaya elita i zhizn' posle kapitalizma [Netocracy: The New Power Elite and Life after Capitalism]. St. Petersburg, Stokgol'mskaya shkola ekonomiki v Sankt-Peterburge Publ., 2004, 252 р.
Olson M. Logika kollektivnykh deistvii. Obshchestvennye blaga i teoriya grupp [The Logic of Collective Action: Public Goods and the Theory of Groups]. Moscow, Fond ekonomicheskoi initsiativy Publ., 1995, 165 р.
Ostrom E. Upravlyaya obshchim. Evolyutsiya institutov kollektivnoi deyatel'nosti [Governing the Commons: The Evolution of Institutions for Collective Action]. Moscow, IRISEN, Mysl' Publ., 2010, 448 р.
Kapelyushnikov R.I. Teoriya prav sobstvennosti (metodologiya, osnovnye ponyatiya, krug problem) [The theory of property rights: methodology, basic concepts, issues]. Moscow, INFRA-M Publ., 1991, 90 р.
Dement'ev V.E., Ustyuzhanina E.V. [The problem of power: Institutional approach]. Journal of Institutional Studies, 2016, vol. 8, no. 3, pp. 91–101. (In Russ.)
Williamson O. Ekonomicheskie instituty kapitalizma. Firmy, rynki, ‘otnoshencheskaya’ kontraktatsiya [The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting]. St. Petersburg, Lenizdat Publ., 1996, 702 р.
Fligstein N. Arhitektura rynkov: ekonomicheskaya sotsiologiya kapitalisticheskikh obshchestv XXI veka [The Architecture of Markets: An Economic Sociology of Twenty-First-Century Capitalist Societies]. Moscow, HSE Publ., 2013, 392 p.
Polanyi M. The Tacit Dimension. Garden City, N.Y., Doubleday, 1996, 342 р.
Ustyuzhanina E.V., Evsyukov S.G., Petrov A.G. et al. Nauchnaya shkola kak strukturnaya edinitsa nauchnoi deyatel'nosti [The scientific school as a structural unit of scientific activity]. Moscow, CEMI RAS Publ., 2012, 141 р.
