Theoretical and Applied Economics
No. 7 / 2012 (572)
The economic antinomy
„The strategy of considering that there is an academic science, meant for teaching, interested in the discourse, respectable but out of touch with reality, on the one hand, and a living science, centred on fact and practiced by way of an expertise which is sensitive to ideological preferences, on the other hand, opens a conceptual rift and produces the prooffor the epistemological immaturity of Economics.”
Economics builds its credibility in an improper manner: it is forced to answer to challenges from outside its field of relevance, and the solutions forwarded for specific problems are applied through political programs.
If we admit that Economics has fixed its methodological universe within the human action's perimeter of rationality, it seems clear that its cognitive performance does not support its practical one. For things to be in their right place, Economics would have to be able to limit itself to its sphere of meaning, while the solutions to problems of rationality should not be intermediated by political means.
Contents
Estimating the probability of stock market crashes for Bucharest Stock Exchange using stable distributions
Analysis of the Romanian employment rate. A panel data approach
Consumer characteristics influencing milk consumption preference. The Turkey case
A regional analysis of the effects generated by the economic crisis and its impact on the outstanding loan portfolio in Romania
The amortization of fixed assets in terms of deferred taxes
Impact of the economic crisis on human resources development in Greek health system
Economics and “underground” economy theory
Entrepreneurial behaviour consequences on small and medium-sized firms’ innovation
The role of tender offer in FDI selection. Study case: Romania
Characteristics and drivers of venture capital investment activity in Romania
Globalization – tourism – communication, competitiveness triangle on the market affected by the economic crisis
New approaches to business cycle theory in current economic science