Oditor, No. 12/2015

ECONOMIC POLICIES IN THE DEVELOPMENT OF ECONOMIC SCIENCE
Snežana Krstić[1], Zorica Anđelić[2], Milan Mihajlović[3]

UDK: 330.1; 338.2

Abstract

Economic policy is a system of interconnected economic processes through which seeks to manage the market. The system of economic processes must be flexible in order to accommodate the changes in the market due to the crisis and other disorders. That economic policy could not function economies must be market-oriented in order to access the empirical relationship between the participants in that market. Past the development of economic science is a very important element in its development, because it is based on the present course of development of economic science, and set out the guidelines for further development of economic science in the future. From this it can extract and complexity of economic sciences, bearing in mind that in the past in its development came to the numerous changes in economic policy in different periods of time when the world market followed by a certain socio-economic development.
This complexity is especially evident in economic policy that advocated involvement of the state in economic development on the one hand and economic policy that advocated a fully liberal market without anyone’s action on the other. Then economic policies are challenged and denied the idea and promoting other economic policies until the advent Hicks Samuelson’s thesis.

Key words: economic policy, economics, neoliberalism, Keynesianism.

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[1]Sneţana Krstić, Ph.D., Assistant professor, University of defense, Military Academy, Pavla Jurišića Šturma no. 33, Belgrade, Serbia, E-mail:snezanakrstic17@gmail.com
[2]Zorica Anđelić, Batchelor of Economics, Hydropower plant on Trebišnjica, Obala Luke Vukalovića no. 2, Trebinje, Bosnia and Herzegovina.
[3]Milan Mihajlović, M.A., Alfa University, Palmira Toljatija no. 3, Novi Beograd, Serbia, E-mail: milan.mih83@gmail.com