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Theoretical and Applied Economics
No. 7 / 2007 (512)

The Political State

„Nowhere is freedom more important than where our ignorance is greatest - at the boundaries of knowledge, in other words,where nobody can predict what lies a step ahead.”
Friedrich A. Hayek

Economics lies between two limits of sense: the non-rational fundamentals of the problems and the political consistency of the solutions. When contriving its content, the Economy does not operate with measures testable in the order of their certitude, and when it has to finalize the solution it gives way to political decision.

Nor at the micro or macro levels do things order differently. The solutions to the problems of production and of the producer or of consumption and of the consumer are preeminently subjective, as are the solutions to the problems of resource allocation, transfers, investments, exchange etc.

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The Political State
Marin Dinu

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016

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