Page 5 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE

CAUSALITY RELATIONS IN ECONOMIC
PROCESSES: METHODOLOGY INTERPRETATION

Prof. Dr. Avaz Islam Bayramov
Vice-rector for Science and Innovations in Azerbaijan State
Universitty of Economics
E-mail:a.bayramov@aseu.az

Abstract

In article value, a place and a role of a principle of causality, and also its
specific features in the course of studying of economic life is analyzed.
Methodology platform has eclectic nature. In the process research used
methods were selected with reference to mentioned aspect.
Simultaneously in article display of relationships of cause and effect in
economic process reveals specific forms, asymmetry economic causality,
is defined borders of consistency and the form of "accident" of a random
factor within the limits of the concrete phenomenon and impossibility
economic fatalizm etc.

Key words: causality, methodology, asymmetry, existence, determinism.

JEL Classification Codes: B41

Introduction

Uncertainty components of economic reality are continuously
increasing day by day, at the same time number of interpretations given

to sustainability problem of economic development brings about the
extension of identity crisis. The phenomenon can be explained by

existence of asymmetric or inconsistent consequences, functional and
structural correlation between economic events and processes. That’s

why during evaluation of particular economic situation from reality point

of view (there is no alternative way yet) replacement of so called
“situation analysis” by “situation determinism” is impossible. Mentioned

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