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

  • Inozemtsev V., Zubov V. (2013). The Siberia Corporation. Arguments and Facts, no. 8. (In Russian.)
  • Krichevskiy N., Inozemtsev V. (2009). Economics of common sense. Moscow: Eksmo Publ., 224 p. (In Russian.)
  • Krugman P., Lejyard R. (2012). Paul Krugman and Richard Layard: A manifesto for economic sense. Financial Times, June, 29. Available at: http://www.vedomosti.ru/finance/news/2230574/pol_krugman_richard_lejyard?full#cut. Accessed on: 25.06.2013. (In Russian.)
  • Mamedov O.Yu. (2003). Unbidden empiricism is worse than scholastics! TERRA ECONOMICUS, vol. 1, no. 3, pp. 20–23. (In Russian.)
  • Mamedov O.Yu. (2012). Does the economic practice need the economic theory? TERRA ECONOMICUS, vol. 10, no. 4, pp. 76–81. (In Russian.)
  • Countries’ prosperity level rating — information about research (2012). Human Technologies for Human Development. Available at: http://gtmarket.ru/ratings/legatum-prosperity-index/info. Accessed on: 15.05.2013. (In Russian.)
  • Sergey Shoigu: «Military reform needs common sense». Interview (2013). Komsomolskaya Pravda, February, 12. (In Russian.)
  • Economy and Common Sense (2009). Available at: http://roial11.livejournal.com/7444.html. Accessed on: 31.04.2013.
Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606