Page 17 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE

necessity has not the requirement to be “absolute” in any science,

besides mathematics. For example the natural science measures the
necessity requirement to fluctuate within the range of 0 and 1. The

possibility of event occurrence close to 1 is an indicator of its high
reality and probability. Situation in Math is totally different. The

necessity here as assumed to be as 100% real. The axioms like existence

of A will definitely bring about the occurrence of event B, or causal C
event will definitely prevent the occurrence of B event, or replacement

of sum elements within a sum will not affect the total, or “parallel lines
will never intercept” are widely used by the mathematics science,

however they are not applicable for economics.

At the same time mathematical axioms inherent only for the
economics science are at the same level with points mentioned above.

For example, it is like relation between exiting and material labor,
salary/wages and labor efficiency. Casual relations are different from

the normal correlation. In general, is it possible to prove the
impossibility of accidence in the causality within the economic process?

It is clear that economic relations cannot be generated by accidence or

situation based on casual conditions: situations are created by the system
of economic relations.

Economic notion is a complex of social, natural, biological and
political realms. It has a mentality, therefore it is not managed in random

way by the means of the primary instincts (by ordinary people)…
The economics has the “expectation” effect and such expectations

in most of cases bring about formation of the so called “flock

psychology”. In case of crisis, stagnation or speculative finance attacks
the “flock psychology” brings about unpredictable cases. In this case

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