Page 6 - Azerbaijan State University of Economics

CAUSALITY RELATIONS IN ECONOMIC PROCESSES: METHODOLOGY INTERPRETATION

impossibility first of all limits predictability level of investigated

economic processes. Nowadays not depending on his economic school
origin the prognosis made by any economist can be easily compared with

predictions of policemen on possibility of accidents in foreseeable future.
For events and conditions when causality cannot be directly identifies

transfer to functionality analysis became widely accepted. From economic

existence point of view the problem of dichotomy of nature – existence
still exists… That’s why in current article we will try to investigate

economic projection of causality and their specific characteristics.

Is causality a past coming approach?
The interesting point is that the effort of the causality to be
separated from the scientific approach was noticed even during Hume’s

period (for this reason it was call “the capricious child” of
epidemiology). I would like to mention two controversial, but at the

same time sufficient for current article points of view. B. Russell wrote:
“… causality law is outdated … it’s today existence is explained by the

fact that sometimes it is wrongly accepted as harmless… the function

concept totally distorts the causality concept” [Russell. 1998: 265].
On other hand E. Nagel [Nagel. 2011] and P. Suppers [Suppes.

1972] consider that causality concept is applied not only by economists,

social psychologists and historians, moreover interpretation
mathematical formalism cannot exists and operate without the causality

analysis. As we can conclude from the above mentioned economic tastes
are differ in respect of cause analysis.

Nowadays some groups totally ignore the causality relations in
economic events, thus avoiding some problematic situations where it

should be actually applied. On other hand they understand that it’s

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