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The starting point for an efficient economy

TERRA ECONOMICUS, , Vol. 11 (no. 3.1),
p. 6-11

In Russia, economics is always more than just a theory: it is at once a worldview and a social position, and – even – a self-identification! That’s why, when a Russian economist talks about economics, he often bears in mind, among other things, something that goes far beyond the «pure economics» –namely, the modern world, its difficulties and problems, including our line of conduct in present and future. The author examines the factors caused the shift of priorities in economic science from theoretical knowledge to the applied one.


Keywords: modern economics, economic theory; applied knowledge; common sense in economics

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Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606