THE EVOLUTION OF THE PARADIGM OF ECONOMIC THEORY

Biankina A.O.¹
¹ Институт социальных наук (международных отношений, управления и права)

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Journal paper

Economics and society: contemporary models of development ^(РИНЦ)
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Volume 7, Number 4 (October-December 2017)

Citation:

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=30783116
Cited: 1 by 24.01.2023

Abstract:
Purpose: the rapidity of innovation changes in a new way poses questions of market equilibrium, more often deviating from its achieved static optimum, which, in particular, revives interest in the paradigm of economic theory. In view of this, in this paper the aim of the research is to examine the main stages in the development of economic science, to characterize the main stages. Materials and methods: in carrying out this study, the main sources of input data were the materials of the classics of economic theory. The basis of methodological developments is based on comparative methods of analysis, abstract-logical, system analysis, monographic, etc. Results: this article examines the main stages of the development of economic science. The characteristics of such stages in the development of economic theory as mercantilism, physiocratization, classical political economy, marginalism, and Marxism are given. Conclusions: economic theory has passed in its development several stages from the empirical understanding of economic phenomena to the formation of scientific theories. Analysis of the theory of paradigms and scientific revolutions as a conceptual and methodological basis for understanding the paradigmatic development of science allows one to answer questions about internal laws, to reveal the causal structure of the movement of economic theory, to identify the main links and elements of major shifts in science.

Keywords: economic science, economic theory, mercantilism, physiocratism, classical political economy, marginalism, Marxism

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