The main directions of economic theory

Among the main directions of economic theory, we distinguish three: classical, Marxist and Keynesian. Classical economic theory developed in the XVIII century in England. Its first representative was Adam Smith. He was born in Scotland in the family of a customs official. He was educated at two universities – in Glasgow and in Oxford – […]

Methods of economic theory

Developing and creating economic theory, economic science uses a whole arsenal of research methods. The methods of economic theory are specific ways and techniques of its penetration into the secrets of the economy, the discovery and study of the laws of its functioning and development. In economic theory, a system of methods is used. The […]


The United States of America is the world’s leading power, the main stabilizer and locomotive of the world economy. The main feature of the American economy is that it leads in the implementation of the results of scientific and technological progress in production, in the export of licenses for its discoveries, inventions, which creates the […]


This group can include the republics of the former Soviet Union, as well as a number of countries of Central and Eastern Europe: Romania, Bulgaria, the Federal Republic of Yugoslavia, Macedonia, Croatia, Bosnia and Herzegovina, Albania, as well as in Asia – Mongolia. Four states in the world remain still socialist, they are also included […]

Calculation of marginal total costs from real source data

The real calculation will be carried out on the basis of the intersectoral balance for the Republic of Belarus for 1996 in the system of national accounts, Table. 6.11., 6.12., 6.13., 6.14., 6.15. On the basis of the procedure set forth for a conditional example, we calculate the matrices of coefficients of full salary intensity […]