Page 18 - Azerbaijan State University of Economics

CAUSALITY RELATIONS IN ECONOMIC PROCESSES: METHODOLOGY INTERPRETATION

normal expectations turn into the economic panics. Of course in terms of

some limitations we can accept the fact that mentioned was generated by
the accidental factors. However, considering the relation between

accidence and unexpectedness we see that our conclusion is only
relatively fair. Of course, the process which is initially based on

accidental factors bears uncertainties, notwithstanding the fact whether

there are positive or negative outcomes in it. At the same time the
existence of such cases indicates the presence of some pathology within

the economic notion. If the purpose of any part within the economic
process is not clear enough and there is no precise goal behind it or tools

for achievement of such goals are not determined, then the occurrences

of unexpected events is unavoidable.
In general, there are following four types of accidental events

within the economics:
1. Pure accidence – this is so called “force majeure” cases.

Occurrence of accidence while transportation of goods by the ship or the
train cannot be explained by the economic factors or events.

2. Operational accidence – the possibility of occurrences of some

particular event depends on plenty of factors. For example, market
situation when oligopoly competition exists.

3. Derivative accidence – the event incurred as a result of
interception of totally independent cases.

4. Accidence occurred as a result of dynamic chaos – in this case it
is impossible to determine the trend of correlation between existing

events during the long-term period.

As we can see, accidental causality can be included into the list of
possible items. However, creation of accidental causality by accidence is

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