İktisat, Tarih ve Metodoloji
Economics, History and Methodology

Author(s): Gökhan Oruç Önalan
Subject(s): Economy, Economic history, Economic policy, Economic development
Published by: Özgür Yayın Dağıtım Ltd. Şti.
Keywords: Economics; History; Methodology;
Summary/Abstract: In the theoretical framework, capitalist thought believes that the functioning of the market of perfect competition in the economy will effectively direct the economy and ensure the unity of supply and demand at full employment equilibrium. For this reason, the state should not intervene in the functioning of the economy in any way. Therefore, economic logic, like the laws of physics, etc., has universal validity, and therefore the goals and instruments of economic policy are the same for all economies, regardless of their level of development. However, when we look at the issue from the perspective of reality, it becomes possible to say that people may behave irrationally for some reasons other than the consideration of economic interest. Moreover, these behaviors cannot be isolated from the dynamics of the society in which the individual lives.

• Details
• Contents