It is determined that domination of subjective reasons in emergence of economic conflicts makes application of the theory of cycles not applicable to full-scale study of economic conflicts – application of this concept is expedient only as to economic crises that are one of a lot of manifestations of economic conflicts. It is probably that neglecting subjective (social) factors leads to the above contradictions of the theory of cycles and difference between its theoretical models and empirical data. Based on this conclusion, it is substantiated that methodology of studying socio-economic system through the prism of the theory of cycles is not applicable to economic conflicts; it is determined that development of the concept of economic conflicts can specify and improve the methodology of the theory of cycles.
Bogoviz, A.V., Skryl, T.V., Kapustyan, L.A., Ekimova, K.V. and Ragulina, J.V. (2019), "Methodology of Studying Socio-economic Systems through the Prism of the Theory of Cycles", Popkova, E.G. (Ed.) “Conflict-Free” Socio-Economic Systems, Emerald Publishing Limited, Bingley, pp. 111-117. https://doi.org/10.1108/978-1-78769-993-920191013
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