Home  Journals  Finance and Credit  25(601) - 2014 July

Clarifing the notion of macroeconomic crisis

Available online: 29 June 2014

Subject Heading: ISSUES ON ECONOMICS

JEL Classification: 

Pages: 39-55

The article generalizes and estimates the scientist's opinions studying the concepts "crisis", "macroeconomic system", "economic crisis" and "macroeconomic crisis". The author offers refined concepts of these terms. The paper proves importance of specification of these concepts. The work gives a group of methods used for specification of the concept "macroeconomic crisis" on decrease in degree: abstract and logical and comparison. The author proves that the best option of application of an abstract and logical method for specification of concepts is splitting the concept on smaller elements, their studying, specification and combination.

Keywords: crisis, economic crisis, macroeconomic system, macroeconomic crisis, methods, precise definition

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