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Theoretical and Applied Economics
No. 3 / 2009 (532)

The deadlock of Economics

„The financial crisis has contradicted the statement that Economics deserves to be treated as a science. A science is measured by its capacity of explaining, predicting and prescribing.”
Moisés Naím

The methodological option according to which the es¬sential is situated at the level of the human condition desig-nated a stage in the history of science from which all the failures of economic theory originate. Labor (especially as production) and action in general (therefore as societal inno¬vation as well) were suitable to measurement and calculus, empiricism and factualism, as well as positivism and phenomenologism. Humanity was the palpable expression of things, facts and events, seen as quantitative effects per¬fectly dimensioned by methods and by rational instruments. Economic theory has already proclaimed the making of the new man, an Adam animated only by the rational. Homo Oeconomicus was proven to be the awaited demiurge of the new universe - the artificial one - precipitated from his impe¬rial reasoning, meaning the reasoning which institutes ratio¬nality, efficiency and growth as fundamental law.

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The deadlock of Economics
Marin Dinu

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016

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