TECHNOLOGICAL REVOLUTIONS AND ECONOMIC EDUCATION FROM THE HISTORICAL PERSPECTIVE

This article looks at the history of higher business schools in the late Russian Empire and identifies specific characteristics that are common to European, American and Russian business education. On the basis of these characteristics, growth of the economic education in the 19th century is considered as a process depended on the principals of technological revolution. Noting the features of economic development in the 19th century, the authors have come to the conclusion that the first educational professional and economic institutions were formed as experience of risky business under the conditions of absence of demand for experts from the industrial sector and lack of ample opportunities of financing in the context of the first technological revolution. Wide expansion of educational institutions took place in the conditions of the second technological wave (from 1890), activation of the state's attention to the issues of professional education and in presence of sustainable opportunities for public financing. At this time in the West, the main models of economic education were already determined. Russia studied the European and American experience and found itself in the conditions of choice of the most preferable model to the Russian conditions. The problem of choice of this model has generated a public and scientific discussion on economic education, which demonstrates different views on the prospects of economic development of the country in general. In a final step, a closer look is taken at how Russian business schools should prepare their students for the unique Russian economic context. (c) 2019 Published by Future Academy www.FutureAcademy.org.UK