Page 27 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE

and said that capital savings, savings made from the economy of scales

and other factors are not “a source of economic growth, they are its core”
[North. 1973: 2].

Conclusion
The beginning of XXI century was accompanied with transfer of

the dilemmabetween notion – existence and reality to totally new
discussion level. The denial from substantial approach, i.e. the “unity of

primary inception”, approval of heterogenic concept of the reality

showed that social-economic reality is now far from traditional
interpretation. The completion of incubation period of post-modernism

brings about the extension of epistemological reality up to socio-cultural

scale. In other words, denial of substantial approach formed situation of
the totally new quality level.

There is no place within the post-modernism for epistemology and
scientific methodology, as well as for principal of causality and category

of reality. There is the only reference to axiom and pragmatic criteria. R.
Rorty wrote: “… we deny the difference between real and things that

seem to us. We hope to replace it by wordings like “more efficient” or

“less efficient” ” [Dubrovskiy. 1994].
In reality, the process of post-modernism establishment is based on

“following” of existing events. Economic notion cannot follow the
events from concept – existence point of view. Transfer of majority of

investigations to functional level deals with rationalization of existence
problem, however the question “what about conceptual framework?” is

still neglected. Existence is not independent concept. In any case we

consider the definite concept of existence. From this point of view the

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