HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact

ISSN 1841-8678   (print)
ISSN 1844-0029   (online)


Archive ECTAP

Note: for the period 1994-2003 the archive of the magazine will not be available online

Supplements ECTAP

If you cannot open the pdf file you need Adobe Reader.
download Adobe Reader

Creative Commons License

Theoretical and Applied Economics
No. 10 / 2014 (599)

Economic order, catallactics and entrepreneurship

Bucharest University of Economic Studies, Romania
Roxana Lucia MIHAI
Bucharest University of Economic Studies, Romania
Irina Florentina BĂJAN
Bucharest University of Economic Studies, Romania

Abstract. The economic efficiency of entrepreneurship was analyzed by theories on economic growth, production and human order. In order to achieve economic development the entrepreneur must constantly make new combinations or innovative processes that represent optimal responses to a globalized society’s demand, which is constantly changing.

The main craftsmen of entrepreneurship theories are representatives of the Austrian school of economics that conducted a systematic analysis of Misesian rationalism versus Hayek’s spontaneous order. The economic issue is based on knowledge and rational allocation of resources as individuals are not always rational and calculated, since they lack a common appreciation of the heterogeneous results generated by alternative processes in the economy. Friedrich von Hayek introduces in his analysis the concepts of catallaxy and catallactic game, the latter being a wealth creating game that leads to an increase in the flow of goods and opportunities for all participants to meet their needs, the result being essentially determined by a mixture of skill and chance.

Keywords: economic order, catallactics, interference, consumers, entrepreneurship.

Download the full article:  


The turbulence of cycles
Marin Dinu

Open acces




The Economicity. The Epistemic Landscape, Marin Dinu, 2016


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România (AGER) / General Association of Economists From Romania  (GAER)
Redacția: 010702, București, Calea Griviței nr. 21, sector 1, E-mail:

© 2006-2019 AGER