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Theoretical and Applied Economics
No. 7 / 2014 (596)

Two words

„The theoretical approach stems from studying the map and not the texture of the natural lay of economicity.”


Just like in psychology, in Economics cognition has drastic limitations, with most of them bordering on the ridiculous. For instance, in the economic environment, as opposed to other domains, it is impossible to accurately pinpoint the cause of a phenomenon. Being a complex system, it is impossible to determine the conditionalities between the elements. It is impossible to describe the real links between the various impulses and the quality of the consequences, and the links between the motivations of the action and the contents of the concrete answers.

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