Scientific articles

Economic theory: the 35-year experiment

The formation of the economic nobeleology is the process of deep recognition of the intellectual works of Nobelists. It is the cognition of the truth through disputes, discussions, and creative doubts. In this search for truth, no one is forbidden to express and, what is more, to frankly and consciously reconsider his/her viewpoints even if someone kept to out-of-date views at some stage. Therefore, hardly can the complaints be justified to those scientists, who tend to look afresh at some or other problems of economic science.

Many changes that have occurred with the market system, world economy, politics, social relations, and the science itself approach, respectively, the latter to a new paradigm - the transition from the abstract-theoretic economics of the beginning of the XXth century to a practical theory of the beginning of the new millennium. When looking into the past century, we must admit that economic science can add the recipes of treatment of market systems during the years of crises, world wars, and so on to its assets. The suggested methods of finding the way out of many cataclysms experienced by the world community helped to secure its vitality. The analysis of the mentioned experiment testifies to the growing role of scholars-economists in politics and ideology and to a greater practical significance of the theories and concepts suggested at different times, including those of Nobelists.

Economic theory ought to come through the period of transformation and improvement. Only in this way, it will be able to create a new thinking and mentality and to be on equal footing with other problems the life sets before the mankind. The tardiness of such transformations in Ukraine from similar processes in the developed countries is not an irony of fate, but a logical result of systematic mistakes.

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