Development of Economic Theory and the New Paradigm before it

Georgi Minchev

Economic Thought journal, 2008, issue 2, 20-32

Abstract: The necessity of radical change in economic theory is grounded. The conclusion is made that with the accumulated by now economic knowledge its harder to explain a series of economic processes and to outline the further development of society. Covered is the idea for changes in the established in economic science paradigms towards creation of knowledge corresponding to the current economic situation but not only for the revival, modernization and correction of the existing theories, conceptions and models.

JEL-codes: A11 O11 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2008:i:2:p:20-32

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