Abstract

The article addresses the methodological problems of economics related to realistic and credible aspect of economic models and concepts and looking for possible solutions. The subject of the study presented in this article is evolution of the economic concepts taken by economists to justify their position on the issue of economics faithfulness, their main arguments for and against using realistic assumption in economic theory. We consider the transformation in economics issue before and after financial crises and discuss future of neuroeconomics as tool for overcoming the fundamental methodological problem in economics relating to using realistic assumptions and the quality of economic theory’s predictions. The article is of interest to researchers in methodology of economics, and for a wide range of readers interested in the development prospects of economics.

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