Page 24 - Azerbaijan State University of Economics

CAUSALITY RELATIONS IN ECONOMIC PROCESSES: METHODOLOGY INTERPRETATION

modernism. At least, in the third part of the world (Azerbaijan is

included in this part) the process of modernism is intensively
developing. As we can see the economic time is not simultaneous. The

world is experiencing the different economic periods.
The differentiation of the economic time is measured not by physical

units; it can be explained by variety of concepts. Postmodern period means

that material capacity of production should be shifted to the minimum level.
In developed countries the service sector of the economy accounts for 2/3 of

GDP. The differentiation mentioned above refers not only to structure of
social production, but also to other areas affected by it. Thus the existence

and development conditions of society within some particular period of

time are formed under the pressure of causality relations and system of
interrelated values. From this point of view the concepts of “present” and

“past” should be treated based on their real effect on economic situation.
For example, the prior year should not be treated as a “past”, we should

refer to this period as one of the current time lags. At the same time the
concept of “past” refers to the period of modernism.

The asymmetry in economic causality

The asymmetry between causality and result is not related only to

the time issue, it is also related to the time issue. From economic point of
view the occurrence of cause and respective result at the same period of

time is impossible, at least because simultaneity is symmetric. In
economics symmetry is possible only in case of pure idealism, which is

very far from realism and actual causality. Acceptance of such symmetry
would be equal to acceptance of full neoclassic approach. From this point

of view the reality of asymmetry is doubtless acceptable. The asymmetry

of causality and result can be investigated from different points:

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