  Accuracy of economic theories and efficiency of economic policy strictly
depend on the choice of the economic variables and processes mostly liable for
description of economic reality. That states the general problem of assessment
of any possible economic variables and processes chargeable for economic
evolution. We show that economic variables and processes described by current
economic theories constitute only a negligible fraction of factors responsible
for economic dynamics. We consider numerous unnoted economic variables and
overlooked economic processes those determine the states and predictions of the
real economics. We regard collective economic variables, collective
transactions and expectations, mean risks of economic variables and
transactions, collective velocities and flows of economic variables,
transactions and expectations as overlooked factors of economic evolution. We
introduce market-based probability of the asset price and consider unnoticed
influence of market stochasticity on randomness of macroeconomic variables. We
introduce economic domain composed by continuous numeric risk grades and
outline that the bounds of the economic domain result in unnoticed inherent
cyclical motion of collective variables, transactions and expectations those
are responsible for observed business cycles. Our treatment of unnoticed and
overlooked factors of theoretical economics and policy decisions preserves a
wide field of studies for many decades for academic researchers, economic
authorities and high-level politicians.
