Theoretical and Applied Economics
No. 12 / 2009 (541)
The Reconstruction of Economics
„I do not feel compelled to believe that the same God who has endowed us with judgment, reason and intellect had intended for us to forego their use.”
The greatest challenges to formalization and calculus in Economics appear when determinism is put to doubt. It should not necessarily be the elimination of the hypothesis of determinism, but of something akin to our capacity of understanding and explaining: the identification of causes and the evaluation of effects. There is also one seldom visited area: determining the correlations between causes, on the one side, and effects, on the other.
The mechanical manner of perceiving the functions of Economics remains though the greatest epistemic handicap, and it resides in a completely inadequate simplification of the vision: the plane linear representation. Economics endured as a form of Euclidian, bidimensional geometrics.
Contents
The Security of the Dynamic Systems
Substantiating the Incurred but not Reported Reserve
On the Dynamic Relationships between the Non-profit and Public Providers of Welfare Services in European Union
Reconfiguring the Financial Markets
The Play Element and Marketing Policies
Analysis over Critical Issues of Implementation or Non-implementation of the ABC Method in Romania