Case Studies in Confrontation of Economic Theories with Practice

Abstract

This article presents, in a very brief way, contemporary expectations towards economists, whose theories should find practical implementation in a business world. It treats about the role of case studies in confrontation of economic theories with practice. The study describes main principles of case studies implementation, construction and generalization of conclusions based on them. The article also shows main advantages and disadvantages of “traditional” research methods confronting theories with practice through empirical implementation of results, like experiment, survey, source and historical analysis.