ECONOMIC THEORY: MODERN CONDITIONS OF DEVELOPMENT
The author considers the role of classical and neoclassical theory in forming modern institutional economy of imperfect competition market. The transformation of the mechanism of average profit formation in the process of increasing fictitious profit and increasing the role of fictitious capital in profit redistribution in economy.
Anatolii V. Mesherov, Doctor of Economics, Professor, Head of Theoretical economy and international economic relations department, Samara State University of Economics.