GET THE ECONOMICS BACK TO THE TRAIL OF MORAL SCIENCE

Abstract

The paper focuses on the function of the market, economic policy and the public in dynamising economic progress and the arguments that support the claim that economics as a science, taken together with economic policy, has lost the attribute of moral science in our conditions. The dynamics of economic growth is not the only relevant macroscopic feature of economic development, although it has received dominant attention today. And that is not everything. Particular attention is drawn to structural, technological and other changes, the re-institutionalization and construction of an appropriate economic order and economic model and, above all, the state and realization of the moral imperatives of contemporary development. In addition to these issues, the paper addresses the challenges, directions and instruments of economic policy in our circumstances, which is of particular relevance to our better future.