Economics in the age of ‘financisation’ of economy

Abstract

Towards the end of the first decade of the twenty first century, when the first symptoms of a crisis in the world economy appeared, the discussion on the condition of economic sciences became more lively. The author presents his view of the necessary changes in economy, which account, among others, for its ‘financisation.’ Economics as a social science must undergo constant transformations along with the changes occurring in the subject of its interest. Even the most advanced (in formal categories) tools enabling cognition of the real world cannot fully ensure effective prediction in the economic sphere. Notwithstanding the above, the scientific status of economy should not be undermined.