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THE ANALYSIS OF THE NEOCLASSICAL APPROACH TO ECONOMIC GROWTH
Hajiyev Natig Qadim1, Qumbatova Sugra Inqilab2
1Azerbaijan State University of Economics, Ph.D. Senior lecturerDepartment "Regulation of economy”
2Azerbaijan State University of Economics, Ph.D. Teacher Department "Price and Apprecation", doctoral students on the Doctor of sciences of Economics Azerbaijan Scientific Research of Economy and Organization of Agriculture Institute
1Azerbaijan State University of Economics, Ph.D. Senior lecturerDepartment "Regulation of economy”
2Azerbaijan State University of Economics, Ph.D. Teacher Department "Price and Apprecation", doctoral students on the Doctor of sciences of Economics Azerbaijan Scientific Research of Economy and Organization of Agriculture Institute
Abstract
In article it is considered the neoclassical approach to economic growth and special attention of neoclassics to one-sector schemes of reproduction. The statement of opponents on limitation of economic pithiness of neoclassics and methodological a limit of the similar approach is ascertained. The emphasis on A.Marshalla's precept is placed: «Mecca the economist is faster in economic biology, than in economic dynamics» and for a price role as than a supply and demand regulator.
Keywords: areas of biology and mechanics, economic growth, the price as a supply and demand regulator
Category: 08.00.00 Economics
Article reference:
The analysis of the neoclassical approach to economic growth // Modern scientific researches and innovations. 2016. № 6 [Electronic journal]. URL: https://web.snauka.ru/en/issues/2016/06/68934
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