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Release Date 10.11.2025

 METHODOLOGY OF ECONOMIC SCIENCE

 

 

Tambovtsev Vitaly

Doctor of Sciences (Economics), professor, Chief Researcher, faculty of Economics,

Lomonosov Moscow State University, This email address is being protected from spambots. You need JavaScript enabled to view it.

https://orcid.org/0000-0002-0667-3391

 

DOES THE NEW WORLD ECONOMIC ORDER NEED A NEW ECONOMIC THEORY?

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The obvious changes that have occurred and are occurring in the global economy and international economic order have led a number of domestic and foreign researchers to believe that these shifts are so great and significant that they require radical shifts in economic science for their study and understanding - from the creation of new economic theories to shifts in its paradigm. The analysis of the validity of these beliefs is the main objective of this article. To solve it, the provisions of the modern theory of science on the causes of changes in theories and paradigm shifts are considered, the established interpretations of the concept of world or international economic order and their inaccuracies and ambiguities are analyzed, proposals are formulated for a clearer understanding of these terms, the comparison of which with the changes taking place in the world economy logically leads to the conclusion that the statements about the need for new theories and even paradigms for understanding the aforementioned changes are clearly exaggerated.

Keywords: world economic order, economics, change of economics’ paradigm

JEL: B5, F02, F5

UDC: 339.5, 339.9

DOI: 10.52342/2587-7666VTE_2025_4_36_52

 

© V. Tambovtsev

© Institute of Economics of the Russian Academy of Sciences «Issues of Theoretical Economics», 2025

 

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 [1] Rand Corporation — recognized as an undesirable organization in the Russian Federation. 

 

Manuscript submission date  05.09.2025

Manuscript acceptance date: 27.09.2025

 

For citation:

Tambovtsev V. Does the New World Economic Order Need a New Economic Theory? // Voprosy teoreticheskoy ekonomiki. 2025. No. 4. Pp. 36-52. DOI: 10.52342/2587-7666VTE_2025_4_36_52