Author: Natalya V. Golomolzina, Cand. Sc. (Ec.), Associate-Prof. of Municipal Economics & Management Dept; Yevgeny P. Dyatel, Dr. Sc. (Ec.), Prof., Head of Economic Theory & Economic Policy Dept.

Abstract: The subject of management of social-economic processes in a society is first and foremost functioning and modification of the structure that defines them. The New Deal marked a refusal of the laissez-faire doctrine that aimed at maximizing commodity wealth. In the next years in the USA and other developed capitalist countries new public structures had been forming. The paper looks at the specifics of the Great Recession which is a current stage of transformation of the society economic structure.

Key words: the Great Depression; the Great Recession; national economy; the New Deal; neoindustrialism; service society; political economy; economic structure of society; economic policy; economic theory of services.