Page 10 - Azerbaijan State University of Economics

CAUSALITY RELATIONS IN ECONOMIC PROCESSES: METHODOLOGY INTERPRETATION

Such diversity is explained by the fact that causality relations are

multisided and not straight forward as it can seem (see picture 1). Thus,
causality relations are the realm which cannot be defined only by

Laplace’s determinism theory, but also have a creative structure
reflecting the nature of “free management of electrons”.

Appearance of cause-result relations in economic process

In contrast to already existing and wide spread concept, we believe
that cause-result relations cannot be explained only on empiric tools. From

this point of view following matters should be drawn to your attention:

1. Transfer of empiric information into the scientific fact is
implemented within the certain theoretical framework. Thus we always

should take into the account that (1) the process has solely subjective
character, (2) the transfer from information to the fact is again affected

by subjective factors, (3) evaluation of the reality and appropriateness of
obtained fact is based on interpretation.

In economic investigations the process of transfer of empiric

information to the reliable fact is implemented in accordance with
scheme below:

Cr Tm
K Em F L Sf → C

S E

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