Finance and Credit

Development of the category of financial capital and the modernity

Vol. 24, Iss. 8, AUGUST 2018

Received: 21 June 2018

Received in revised form: 6 July 2018

Accepted: 23 July 2018

Available online: 29 August 2018


JEL Classification: B24, E22, E44, F65

Pages: 2004–2014

Metel'skaya V.V. Kuban State University, Krasnodar, Russian Federation

Subject This paper considers the phenomenon of financial capital in the modern theoretical economics. The subject needs a deep investigation, based on a logical and gnosiological approach, to determine dominant values in the process of its formation and development.
Objectives The paper aims to increase the efficiency of research on the current form of global financial and information capital. It analyzes the specifics and main problems of financial capital essence determination.
Methods The study uses the dialectical gnosiological approach, value-based approach, systems approach, extrapolation method, and the structural and functional approach.
Conclusions Taking into account the peculiarities of development of modern financial markets of financial services, the study of the financial capital category should be based on dialectical principles and laws, the need to identify the value dominants of historical-social and economic phenomenon, strengths and weaknesses based on understanding the attitude of the subject to reality. The global process of transforming financial capital into a dominant universal category, influencing the forming structure of finances and the behavior of the financial system as a whole, should be understood not only as a result of many factors influencing the process of its formation, but as a necessity caused by the law of the negation of the negation.

Keywords: financial capital, globalization, information communications, genesis, dialectics


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