Basic economic theory as a basis for effective activity of any kind

Any business and any activity should be based on economic knowledge.Only the ability to analyze the activity of the economic entity in the existing market situation allows achieving the efficient and profitable operation of the organization.This is why any leader, manager and, of course, the economist should know the basics of economic theory.After all, it is what underlies all modern commodity-money relations, the principles of the market and its development model are the teachings of great men who have proved on paper and in practice the need for knowledge and possession of the basics of planning and analysis.

Basic economic theory includes a huge number of issues that characterize the appearance, formation and development of economic thought and the economy as a whole, from a different perspective.Start the process of the birth of this science put the ancient philosophers - Aristotle, and Xenophon.They coined a term such as "savings".This word has Greek roots and, at the time implies a science of housekeeping.

teachings and meditation Xenophon has been reinterpreted by medieval men.The first is Montchretien, represents the first economic school - the school merkantelizma.In the ranks of supporters of this current science economy has been regarded as a set of laws that has been developing not only a home, but all the social economy as a whole.

His contribution to the foundations of economic theory have Physiocrats (Quesnay and Turgot) considering farming as a source of basic and undeniable income.Classical School studied political economy based on the fact that the science is based on the foundations laid by the labor theory of value.At the same time the main source of enrichment of its founders (Smith and Ricardo) seen in the production and free market relations.

course, a huge role in the development of the foundations of economic theory have current figures such as Marxist political economy.The most prominent of its representatives and founders - Marx and Engels - argued that the flourishing of society - socialism in complete renunciation of capitalist pretensions and direction of the government, freely chosen and competent people.

term "economy" was introduced by the representative of the neoclassical school Marshall.It was he who began to examine and study the principle of formation of the market price and the factors affecting it.Proponents of this theory analyzed the interaction of supply and demand as the relationship between buyer and seller, their behavior and psychological factors influencing their choice.

Keynes (founder of the Keynesian school) amend the principles of economic theory based neoclassical, believing that the market mechanism can not be self-regulating - for its healthy growth and development requires government intervention in the form of fiscal and monetary policy.A follower of this trend is the institutional area, who developed the theory of post-industrial society.

can confidently assert that any school considers the economy to one which is more convenient for them to hand in their teachings so idealistic aspirations of the present, unable to exist without interruption from other important components.No doctrine can not be fully adapted to the current circumstances, so the modern economic theory is a collection of all views, complemented by a variety of facts, theories and axioms.