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ROUND TABLE DISCUSSION “CHALLENGES TO ECONOMIC THOUGH ...”: The Key Problem of Economic Theory in 21st Century Is the Methodological One

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  • Iliya Balabanov

Abstract

The economic theory falls behind the completely new social-economic and environmental realities in the last 10-15 years. The main problem is methodological. The new realities demand more and more persistently a common methodological approach, which is holistically-systematic both on a national and a globally-historical scale. The key to this approach is a complex of several fundamental interrelations of the highest synthetic nature. They can be defined and formalised only theoretically.

Suggested Citation

  • Iliya Balabanov, 2006. "ROUND TABLE DISCUSSION “CHALLENGES TO ECONOMIC THOUGH ...”: The Key Problem of Economic Theory in 21st Century Is the Methodological One," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 73-78.
    • Handle: RePEc:bas:econth:y:2006:i:5:p:73-78
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    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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