Page 14 - Azerbaijan State University of Economics

CAUSALITY RELATIONS IN ECONOMIC PROCESSES: METHODOLOGY INTERPRETATION

4) Non identification of objectivity rules does not mean that the

objective reasons of economic development do not exist. At the same time
objectivity rules reflect stable and repeating relations of subjective factors.

This point is realized in economic cycles as well. In determination
of the economic cycle sequence the major role can be implemented

under the subjectivity forces.

As we can see the explanation of functional – nomothetic terminology
by true-false ones is impossible. In this case in order to prove the feasibility

of terminology mentioned above we have to isolate ourselves from the
problem of objectivity/subjectivity and deal only with problem how to

“assign” the reality features to implemented investigations.

In reality the segregation of subjectivity and objectivity brings
about dead-end situations.

Here the main point is not only identification of objectivity or
subjectivity of factors which affect the economic processes, but also

identification the extent of their impact area and efficiency. The
fluctuations and multi-side effects of impact areas result in basic

problems. Similar to the fact that there is no effect of “passive”

investigations, identification of current and future exchange rates is
impossible by the means of several “reasons” (the others will be treated

as assisting factors creating causality relations), or it is possible but
results will contain the effect of so called “semi thought” and “semi

reality”. Only from the point of identification of reality we came to
conclusion that nomothetic interpretation of economic determinism is

only misleading and the right way is application of pluralistic synthesis.

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