ECONOMIC DEVELOPMENT: PROBLEMS OF THEORY

Abstract

The past economic crisis has shown that the real economy is far from a state of equilibrium, the market cannot equally provide access to information for all participants and provide society with the best possible results of its functioning. However, as T. Barker points out, "the Economics of equilibrium is at the heart of most economic textbooks and journals on economic theory. This theory is not confirmed. Facts: For the past 50 years, it has been recognized as dependent on erroneous assumptions about human behavior and physical systems." The global nature of this crisis has created problems that cannot be resolved within the framework of prevailing views. It was the past crisis that gave rise to many publications devoted to the so-called new economic thinking, the formation of special commissions or even institutions (for example, the Institute for New Economic Thinking) in order to try to solve the problems posed by life on a new platform.