International Journal of Research in Economics and Social Sciences
  • Year: 2015
  • Volume: 5
  • Issue: 10

The functions of economic sciences and economic instability

  • Author:
  • S&lstrock;awomir Czarniewski
  • Total Page Count: 6
  • Page Number: 100 to 105

University of Management in Bialystok, Ul. Sobieskiego, 3A 15–013, Bia&lstrock;ystok, Polan

Online published on 25 December, 2015.

Abstract

Civilization is entering into an era of uncertainty and economic instability that has become visible in political, social and economic areas. In these new times, uncertainty and risk represent a normal state of affairs, while certainty and recurrance of behavior are seen as a luxury or “rare state”. Over many years, modern economic paradigms have isolated the economy from the rich and multifaceted society, and has subordinated the human being through the creation of universal and anonymous rights of market mechanisms. This all has very serious consequences, since from the point of view of economic science (economics, in fact), the human being is disappearing, the moral being that is able to take responsibility for his own actions in an individual and exclusive way, and take responsibility for the good and evil that is caused by him. The main thesis of this work is the observation that the world is becoming increasingly unstable and dynamic. Therefore, economic sciences (including economics as the most general science) must keep pace with these changes and also evolve. A change in the existing economic paradigm is needed, but it should be of evolutionary nature rather than revolutionary.

Keywords

economic areas, instability in economy, market mechanisms, management, science