Essay - Does economic theory have practical value’ Explain

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7 стр.
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Эссе на тему имеет ли экономическая теория практическое значение. 1500 знаков.
Students from all over the world are studying the economy. The main argument in favor of this is that this academic discipline explores issues relating to all people without any exception. All people involved in the sphere of economic life (they work, earn an income, buy, pay taxes etc.). Everyone sooner or later thinks about rising of prices, disparities in wages, what is more profitable to be employed or start a business, putting money in the bank or buy stocks? Being the world-famous author of the textbook "Economics", Nobel laureate Paul Samuelson (USA) believed that "for a man who has not been systematically studied economics, is a huge challenge, not only to answer these questions, but just think about them. He is like a deaf, trying to give his opinion about music. "Economic theory as an academic discipline - a scientific guide to the knowledge of economic reality without claiming to be the ultimate truth. Obviously, it forms the personal world view, helping them realize their potential in the selection and vote for one or another management concept. Nevertheless, the economic theory gives a person an idea of what kind of job to choose, understanding of investment products, what products to buy, how to make reasonable business decisions. Economic theory is important simply because economic knowledge is a means of escape from social superstition, ignorance and wasteful repetition of already committed errors. Modern economics relates to high ethics and economic relations, because a reasonable and efficient economy can only be moral where integrity, professionalism and civic sense are valued. Modern economics is one of the greatest intellectual and practically significant achievements of mankind. Thanks to her people discover the secrets of the social production and manage to create a mechanism of its regulation.

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Tags: Языки и языкознание;Английский язык;Тексты и топики;Сочинения и устные сообщения (топики);Экономика и бизнес