Page 25 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE

1) The appearance of the result eliminates the existence causality

is very exceptional: in most of cases causality remains on its place.
2) There can be some time lag between disappearance of causality

and appearance of result. In other words, the effect of causality created
in the past or near past is not immediately experienced; the effect is

realized on the next stages.

3) The speed of relation transfer between causality and result is
limited by location. The limits is in such extend that even transfer

between similar social-economic types brings about time lag between
causality and result.a

4) One causality may bring about variety of results; variety of

causalities may bring about only one result. In other words
∑ S = N and S = ∑ N .

5) The theoretical structures based on abstract primary conditions and

interpretations made solely based on figures bring about bilateral dependence.

The mentality concept of social economic system is neglected in this case. At
the same time quality updates are estimated by quantative tools. I can provide

number of examples for this phenomenon. For example, 10-15 years before
the crisis there was definite believe that strong correlation between “extension

of financial structure”, increase in efficiency of economy and acceleration of

economic process really exists [Besk. 2004: 2].
The most interesting point was that the direct correlation between

development temps of financial market and real sector has been really proved.
J. Hicks [Hicks. 2003: 188] considered that the flow of innovation

did not play the significant role in industry revolution (XVIII – XIX).
The basic contribution belongs to financial realm. The positive

correlation between development of financial markets and temps of

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