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Trends and management
Reference:
Alpatov, A. A.
Prolegomena on Taxonomy of Economics
// Trends and management.
2013. № 4.
P. 58-72.
URL: https://en.nbpublish.com/library_read_article.php?id=63761
Alpatov, A. A. Prolegomena on Taxonomy of Economics
Abstract:
This article reviews the problems of
investigating the objective laws of economics and
attempts to prove the view that the main economic
law — the law of value — has two spheres of operation.
A great educational benefit may be derived when
analyzing the practice of socialism construction and
the problems faced by the economics during that
period, as it will help to see into the matter of economic
laws and their effect, as well as consequences of their
negation or poor interpretation. The thought which
prevails in the considerations described above is
that the laws have an objective character. However,
the idea of the laws being either specific or general
is doubtful, as well as the possibility of their limited
operation. If an objective law exists, it can never be
prevented from operation. The social laws probably
face a number of deviating and counteracting factors,
and do not provide instantaneous or automatic reaction
to the situation. Supposedly, but not necessarily they
have been mediated by vigorous human activity which
significantly influence the processes and their results.
Anyway, a certain perspective shows the objective
economic necessity or law in its pure form. The author
suggests that the overall equilibrium of economy can
be achieved (and its crisis-free progress ensured) only
provided that each of the spheres is balanced (the first
one as a result of redistribution of property-related
rights at the level of a business unit; the second one
through the equivalent exchange on the market).
Keywords:
objective laws, economics, law of value, marginal utility theory, labour theory, exchange, labour and property, market economy, overall equilibrium., planned economy
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