Abstract:
Current processes in the world - globalization of the economy, digitalization,
the emergence and development of the global financial and economic crisis, the
coronomic crisis caused by Covid 19, etc. puts on the agenda the need to create
paradigms of the “new” economics, fundamentally different from the “old”,
orthodox, neoclassical-neoliberal economics.
This is an extremely difficult task, as there are many mental barriers, that
prevent researchers from rejecting long-established stereotypes in economic science and inertial economic thinking. Naturally, overcoming these obstacles
requires quite a lot of time and effort.
The famous American economist James K. Gelbraith’s article can be
considered as one of the most successful steps in this direction, which offers
an interesting and original analysis about certain aspects of the theoreticalmethodological
basis of the “new” economics.
The article contains interesting analysis of many issues from the fields of
theoretical economics, economic policy, history of economic thought, micro
and macro economics and sharp, argumentative critique of the mainstream
neoclassical theory; Assess the role of the “real” economy in the development
and implementation of effective economic policies; Distinguish and characterize
the concept of “useful” economist; Determining the cognitive potential of
different theoretical-economic directions in terms of developing new theoretical
paradigms and substantiate the need to regulate the market economy.
Description:
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