The authors of the article point out that the theory of economics has failed to yield a solid theoretical background in such critical situations of the current financial and economic crisis. Theorists cannot look to controversial mathematical modelling for help, especially in regulatory...

The authors of the article point out that the theory of economics has failed to yield a solid theoretical background in such critical situations as the period of the current fi nancial and economic crisis and the transformation period of post-communist economies. Mainly present crisis opens the...