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Кризис Экономической Теории
[The Crisis of Economic Theory]

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  • Polterovich, Victor

Abstract

The article contains the analysis of methodological changes and some key achievements in theoretical economics during the last fifty years. It is argued that the task, set up in a number of classical treatises, namely - to build the economic theory by the pattern of physics, probably can not be fulfilled. Empirical studies do not reveal fundamental economic laws. The development of the theory entailed the proofs of a number of theorems about impossibility to answer the most important questions in the framework of the widely accepted postulates. Many results are unstable with respect to "small variations" in constructions of economic models. These and a number of other observations force us to conclude that, despite the impressive progress, economic theory experiences a deep and long drawn-out crisis that has to experience a revision of its goals and changes in the organisation of the research.

Suggested Citation

  • Polterovich, Victor, 1998. "Кризис Экономической Теории [The Crisis of Economic Theory]," MPRA Paper 22015, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:22015
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    File URL: https://mpra.ub.uni-muenchen.de/22015/1/MPRA_paper_22015.pdf
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Рубинштейн Александр Яковлевич, "undated". "Теория Опекаемых Благ И Патернализм В Экономических Теориях: Общее И Особенное [The Theory of Patronized Goods and the Paternalism in Economic Theories: General and Special]," Working papers a:pru175:ye:2015:1, Institute of Economics.
    2. Kleiner, George B., 2009. "A New Theory of Economic Systems and Its Application to Economic Policy Studies," RRC Working Paper Series 13, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    3. Рубинштейн Александр Яковлевич, "undated". "Методологический Анализ Теории Опекаемых Благ: Научный Доклад [methodological analysis of the Theory of Patronized Goods. Research report]," Working papers a:pru175:ye:2014:1, Institute of Economics.

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    More about this item

    Keywords

    economic theory; development of economic theory;

    JEL classification:

    • B0 - Schools of Economic Thought and Methodology - - General

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