History of Economic Thought, Methodology, and Heterodox Approaches

The Key Problem of Economic Theory in 21st Century Is the Methodological One

Ilia /Iliya / Balabanov
Received: 16 Jun 2022
Revised:
Published:
Downloads: 0
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Issue 5/2006
JEL В41

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.

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