Theoretical and Applied Economics
No. 12 / 2012 (577)
The double correctness
„Economic rationality is like the Shakespearean city of Verona in the excessive consummation of the relationship between economic theory and economic practice; they seek to one-up - both in expectance and feedback - the other's initiatives provoking the pleasure of risk taking.”
Cognitive mechanisms are, paradoxically, quite confused when they rely on parsimony. It was the simplification, for instance, coming from the determinism of economic theory and practice, which gave a much too univocal sense to the economicity as a state of rationality, with the practice-theory construct being left only with the chance of limiting itself to the sense given by the principle of efficiency. The mathematical reduction to absurdity, transposed into the formula of ceteris paribus sic standibus in Economics, has favoured the linear relation and the materialist perspective in the understanding of economic action.
Contents
Proposal for the implementation of a fiscal rule system for Romania. Estimate for the reaction of the fiscal rule system to the output’s shocks
Aspects of signaling hazards and of identifying opportunities in crisis situations
The lessons of the crisis on pension funds portfolio management
The effectiveness of public policies and structural funds in enhancing tourism development. The case of Romania
Some considerations regarding the use of the fix and chained basis indices
Cultural heritage evaluation: a reappraisal of some critical concepts involved
Romanian government bond market
Aspects regarding the analysis of the rationality of the buying decision of the Romanian consumer
The influence of cluster type economic agglomerations on the entrepreneurship, in Romania
Controversies concerning the connection higher education – human capital – competitiveness
Consequences and possible solutions of financial crisis