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Theoretical and Applied Economics
No. 4 / 2015 (605), Winter

Equilibriums and Economic Rationality in “the House of Life”

Mariana IOVIȚU
Bucharest University of Economic Studies, Romania
Florina BRAN
Bucharest University of Economic Studies, Romania

Abstract. Subject to the conjuncture and economic system’s capacity to react, in one way or the other, to the advancing human society’s different actions, rationality exceeds the principle status entering an area of interpretation as a mechanism.

The new rationality paradigm calls for a certain measure where the characteristic elements are able to alter, somewhat, the interpretation sense for rationality. The concept is updated and undergoes modernization gaining thus new valences and new optimizations to match the new economic paradigm. In conclusion, the new economic paradigm requires a new rationality paradigm.

Keywords: economic rationality, rarity exponentiality, abundance exponentiality, the cognitive dissonance in rational choice, “house of life”.

Contents

1

Social Innovation in the Local Public Sector: A Cross-Regional Approach for Romania

Ani MATEI · Carmen SĂVULESCU · Corina Georgiana ANTONOVICI

2

Testing the Validity of Political Business Cycle for the Fragile Five Countries

Cüneyt KILIÇ · Feyza BALAN · Unzule KURT

3

Fuel Price Volatility and Asymmetric Transmission of Crude Oil Price Changes to Fuel Prices

Iuliana ZLATCU · Matei KUBINSCHI · Dinu BARNEA

4

Analysis of Gross Domestic Product Evolution under the Influence of the Final Consumption

Constantin ANGHELACHE · Diana Valentina SOARE · Marius POPOVICI

5

Gender-based Segregation before and after the Great Recession

Stephan HUMPERT

6

Does Expenditure on Education Affect Economic Growth in India? Evidence from Cointegration and Granger Causality Analysis

Lingaraj MALLICK · Devi Prasad DASH

7

Measuring the Influence of the J-Curve Effect on Trade in Romanian Forest Products

Gabriela ŢUŢUEANU

8

An Assessment of Customer Shared Value in the Restaurant Industry – a Survey from Sweden

Sebastian DROZDZ · Marcus DUFWA · Robiel MECONNEN · Klaus SOLBERG SØILEN

9

Modelling optimal execution strategies for Algorithmic trading

Virgil DAMIAN

10

Macroeconomic Effects of Inflation Targeting: Evidence from the Middle and High-Income Countries

Can Tansel TUGCU · Serdar OZTURK

11

Model of Analysis of Electronical Instruments Services in Romania

Mădălina Gabriela ANGHEL

12

Banking Business and Social Media – A Strategic Partnership

Dan Costin NIȚESCU

13

The Interest Rate Corridor as a Macroprudential Tool to Mitigate Rapid Growth in Credits: Evidence from Turkey

Umit BULUT

14

Structural Breaks and Unit Roots in Indian Macroeconomic Variables

K.G. SURESH · C.S. SHYLAJAN

15

Analysis Model of GDP Dependence on the Structural Variables

Daniel DUMITRESCU · Mădălina Gabriela ANGHEL · Constantin ANGHELACHE

16

Does Financial Development Influence Economic Growth in India?

Sanjaya Kumar LENKA

17

Multidimensional Analysis of Performances in a Credit Brokerage Entity

Alexandru MANOLE

18

Analysis of National Health Strategy 2014-2020

Luminița Gabriela POPESCU

19

Threshold Effect of Public Debt on Domestic Investment: Evidence from Selected African Countries

Walid BENAYED · Foued Badr GABSI · Samia OMRANE BELGUITH

20

Service Sector, Human Capital Accumulation and Endogenous Growth

Bidisha CHAKRABORTY · Senjuti GUPTA · Tanmoyee BANERJEE (CHATTERJEE)

21

The Communication Paradigms in Education

Silvia IACOB · Georgeta ANDRONACHE (GOGEANU)

22

The Influence of Lending Activity on Economic Growth in Romania

Cătălin Emilian HUIDUMAC PETRESCU · Alina POP

23

Blended Learning – A Path towards Modernizing Higher Economic Education?

Angela ROGOJANU · Liana BADEA · Laurențiu Gabriel FRÂNCU

24

The Role of Epistemological Paradigms in Research in Social Sciences and Humanities

Silvia IACOB · Constanţa POPESCU · Ana Lucia RISTEA

25

New Challenges for Agriculture within the Context of Climate Change

Ildikó IOAN · Carmen Valentina RĂDULESCU

26

The Insertion of Young Economists in the Labor Market through the Specialty Practice. The Bucharest-Ilfov Region

Monica Maria DOBRESCU · Diana Andreia HRISTACHE · Claudia Elena PAICU

27

Testing for Multiple Bubbles in the 35 Large and Medium Cities of Real Estate Price in China

Su-Ling TSAI · Hsien-Hung KUNG · Kai-yin Allison HAGA

28

Equilibriums and Economic Rationality in “the House of Life”

Mariana IOVIȚU · Florina BRAN

29

The Correlation between Employment and Productivity of Older Workers

Daniela VÎRJAN · Alina Ștefania CREȚU

30

Current Demographic Trends – A New Challenge for the Labour Market

Andreea Claudia ȘERBAN · Mirela Ionela ACELEANU

31

The Great Transformation. The Formulation of New Models

Iustin Emanuel ALEXANDRU · Petru Ciprian BRADU · Alexandru TAȘNADI