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On the Reflexivity of Laws of the Economic Theory


Oleg Solovyev
(about the author)

Solovyev Oleg Borisovich – Cand. of Philosophy, Associate Professor, Chair of Banking, Novosibirsk State University of Economics and Management

Published in:
Russian Journal of Entrepreneurship
– № 10-1 / October, 2011



Keywords: economic management, efficient market, financial system, reflexivity


Citation:
Oleg Solovyev (2011). On the Reflexivity of Laws of the Economic Theory. Russian Journal of Entrepreneurship, 12(10), 46-50. — url: http://bgscience.ru/com/lib/2635


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Abstract:

The article examines the ways in which academic institutions study the economic system and influence it. It is shown how the main difficulties of the economic science are related to reflexivity – the phenomenon of a twoway feedback between cogitation and reality. The use of non-market actions to influence the real economy and financial markets are viewed as a necessary condition for maintaining the liquidity of the financial system and the solvent demand of enterprises and the population.







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