About history of differential approaches on theoretical foundations of economics

One of the issues that are timely changeable are approaches on theoretical foundations of economics. Unlike of other fields of sciences, these changes have taken place under the large angle. The historical analyze of economics show that, differential approaches on theoretical foundations of economics not only composed on the new and much developed theories. Most of the time, the new theoretical bases of economics composed on fully negation of previous ones.

The authors that study development issues about history of economics consider that, the main function of history of economics is studying of main principles of economics from historical period’s point of view. It means that, the principle bases of economics are historically changeable.

Historically, the nomination of new principles has served for the development of economic theory as a scientific direction. One of the main issues in this case is that, historically, when the new principles of economic theory have been put forward in, the previous theories did not disappear, has become one of the stages of the history of economics.

Thus, the “map” of economic studies history had been formed. The biggest advantage of the "map" is that, the future direction of economic theory’s development path from the past to the present day can be mind.

Let’s make excursion to the ancient history of the economic theories.

Starting from the first century AD, in Ancient Greece and Ancient Rome, the main productive force of society's development had being touted as the idea of ​​slavery. It was natural, therefore, that in the slave-owning society slaves was one of the main elements of the economic growth, and at that time economic ideas considered that, slave’s labor base for economic growth. The problem does not end there. At that time the economic ideas consider the slavery is not only the base for economic growth, also this is main way for development of society. Of course, this economic idea was the best for the society that, considered the slavery as the best social model.

Let’s look to the essence of that time’s economic ideas from today’s point of view. Terrible, isn’t it?

However, the economic ideas of ancient Greece and ancient Rome were simplistic and wrong, ​​the authors of basic economic theories of that period such as Kotton, Qrakxilin, Varron, Kolumella had been studied the ideas about the cost, profit, price, farming management, agrarian reforms, etc.

This shows that, the description of the basic economic concepts and studying the nature of the relations between them must not the main objective for economics. Still it is one of the starting points. Access to the main objectives of economic theory begins from the question of "how should be", but not "how?"

In other words, if the economic scientists that deal with the theoretical foundations of economics will focus only to the question of “how” the economic theory always will be “halter” for actual social values system. Indeed, the economic studies in the slave-owning societies were.

To be continued...

Aghanemat Aghayev