Page 20 - Azerbaijan State University of Economics

“BREAKING” POINTS OF ECONOMIC RESEARCH PROCESS: REEDOM,
COINCIDENCE, OPPORTUNITY AND PROBABILITY

2. Inductive-statistic “regularities”, as a rule, have concrete time and

concrete space character, that is, cover appearance of the single within the
concrete frame, not the general one.

3. Inductive-statistic “regularities” refers to the possibility of endless

range of repeating occurrences. In fact, economic cycle always occurs within
the time-space continuum and has a concrete borders from chronological

point. At the same time, in relation to the economic occurrence, there is no
cycle=repetition identity.

The probability of happening of an economic occurrence is mainly
referred to the theory of mathematical probability for some reason And natural

that the research conducted under the mentioned base very rarely provides

results adequate to the reality Because, first, the theory of mathematical
probability does not answer the question “how has the probability of happening

of main occurrences that are taken as reference point been determined?” - the

main problem that is important for economy. That is, probabilities causing
situations on the output have no importance; second, the theory of mathematical

probability is “collection” of rules in content. And it finds out the probability of
happening of other occurrences (those depending on main occurrences) referring

to main probability under these rules. The mentioned procedure is mostly
invalid in relation of the reality. It means that it is principally impossible to find

out the probability of happening of an occurrence in economic plane under

axioms. Simply there is no place for “axioms” in the economic plane. In this
case, the only way out is the approach of probable logic. In any case, an

economist has to apply to the probable logic conception when evaluating the
probability of an occurrence that may happen in future.

The mathematical logic acts within the narrow frame when evaluating
the probability of “existence” of a probability in the economic context. That is,

not the probability of happening of any economic occurrence in general, the

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