THE METHODOLOGY OF NEOCLASSICISM IN THE ANALYSIS OF MODERN ECONOMIC SYSTEMS TRANSFORMATION: LIMITS OF APPLICABILITY

This article explores the application of neoclassical methodology in analyzing the transformation processes of modern economic systems. The authors focus on identifying which aspects and tools of neoclassical economic theory can be effective in understanding complex economic changes. Special emphasis is placed on the critical assessment of the limitations of this approach in the context of contemporary economic development challenges. The article highlights both the advantages and drawbacks of using neoclassical approaches to explain transformational processes in different countries and regions worldwide. The study is based on an analysis of current empirical data and scientific literature, allowing for the determination of the conditions and boundaries within which neoclassical methodology can be effectively applied to the study of economic transformations

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Publication Details

Journal
Actual Problems of Economics
Published
2024-12-01
DOI
https://doi.org/10.32752/1993-6788-2024-1-282-190-198
Primary Topic
Economic Development and Digital Transformation
Type
article
Field-Weighted Citation Impact
0.00
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article

THE METHODOLOGY OF NEOCLASSICISM IN THE ANALYSIS OF MODERN ECONOMIC SYSTEMS TRANSFORMATION: LIMITS OF APPLICABILITY

Serhii Fedotov, Oleksandr Fedotov
Actual Problems of Economics
Economic Development and Digital Transformation
article

THE METHODOLOGY OF NEOCLASSICISM IN THE ANALYSIS OF MODERN ECONOMIC SYSTEMS TRANSFORMATION: LIMITS OF APPLICABILITY

Serhii Fedotov, Oleksandr Fedotov
article en

Abstract

This article explores the application of neoclassical methodology in analyzing the transformation processes of modern economic systems. The authors focus on identifying which aspects and tools of neoclassical economic theory can be effective in understanding complex economic changes. Special emphasis is placed on the critical assessment of the limitations of this approach in the context of contemporary economic development challenges. The article highlights both the advantages and drawbacks of using neoclassical approaches to explain transformational processes in different countries and regions worldwide. The study is based on an analysis of current empirical data and scientific literature, allowing for the determination of the conditions and boundaries within which neoclassical methodology can be effectively applied to the study of economic transformations

Actual Problems of EconomicsVol. 1(282)
Openalex Percentile: Top 50%
Economic Development and Digital Transformation
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