ABOUT RETURN OF ECONOMIC TO COMMON SENSE
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ABOUT RETURN OF ECONOMIC TO COMMON SENSE
Annotation
PII
S0207-36760000392-0-1
DOI
10.31857/S60000392-0-1
Publication type
Article
Status
Published
Edition
Pages
60-79
Abstract
According to this paper the global crisis took place recently because of oblivion of well known theoretical statements concerning wholesome market economy. Deviation of basic scientific principles with the aim of maintaining high rates of economic growth, using excessive crediting, inevitably led to a general catastrophe. The author considers it is necessary to return to common sense in economic practice and science.
Keywords
global crisis, market failures, excessive crediting, anti-crisis measures, economy of common sense
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