FORMATION OF MOTIVATION OF ECONOMIC ACTIVITY IN THE GLOBAL ECONOMIC SYSTEM
On the basis of methodological tools of the new institutional economic the-ory, the changing structure of incentives in the process of functioning and decay of the economic system of slavery is analyzed. The paper demonstrates that a change in the structure of the main economic incentives leads to transformation of motivation of the person`s economic activity. Based on the transactional ap-proach, the dependence of the influence of changes in the structure of incentives on motivation of economic activity is justified. Motivation of the person`s eco-nomic activity is represented as a balance of imperative external influence and internal sources of activity. External motivation is formed by a considerable amount of costs of agency relations, and the person`s internal motivation is en-sured by the rights of property.
Based on the established relationship, the methodological approach is proposed to assess the change in motivation of economic activity in the process of trans-formation of economic systems. The proposed approach makes it possible to es-tablish the main directions for increasing motivation of the person`s economic activity, common to various economic systems.
Keywords: costs of agency relations, internalization, motivation, slaveholding management system, specification of property rights, incentive structure, eco-nomic activity.
Highlights:
Based on methodological tools of the new institutional economic theory, the formation of human motivation in the economic slavery system is analyzed. Based on the data of the analysis, the approach is proposed to identify and jus-tify the patterns of evolution of motivation of economic activity in the process of transformation of economic systems.
Igor V. Shcherbakov, Candidate of Economics, a doctoral student of the Department of Philosophy and Methodology of Economics, Faculty of Economics, Lomonosov Moscow State University.