2(134)/2017

STUCTURAL PROBLEMS OF THE MODERN ECONOMIC THEORY

Babayev Alijan Pirijan oglu
Prof., Dr., Azerbaijan State University of Economics (UNEC)


Abstract



Purpose – analysis of main structural parts of the modern economic theory.
Design/methodology – dialectical and subjective approach.
Findings – socio-economic theory (political economy) on the basis of main structures of modern economic theory, rational utilization theory (economics) of limited resources and the existence of institutional economic theory have been based on.
Research limitations – there is a necessity to study scientifically main structural parts of the modern economic theory.
Practical implications – the results of the investigation and the suggested purposes may be useful in the teaching process of economic theory.
Originality/value – the major differences of the main parts of the economic theory are worked out in the investigation.

Keywords: political economy, economics, institutional economic theory, classic and neoclassic economic theory, labor-value theory, finalline of usefulness of the theory.

JEL Classification Codes: A11, B4, E0


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