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Theoretical and Applied Economics
No. 9 / 2010 (550)

The Wiseness of Economics

„What Economics lacks in order to subdue shocks is the functional dosage ofperspectives obtained through flexible positioning with regard to the Cartesian axes of interventionism and deregulation.”

The present crisis brought back a disturbing question: why do people stay attached to failing ideas? Of course, the special corollary of the question is constructed as: why do the economists remain - or stubbornly become -partisan to theories which are defied by the crisis?

The answers to the domestic part of the dubitation pertain to the resilience of the general knowledge built on classified, dictionary-knowledge. However, dictionaries do not change easily in their general composition, their knowledge being normalized and accepted - in the deeper levels of knowledge transfer -with even century-long disparities to the scientific revolutions. The inculcation of knowledge through the schooling system is based on the principle of the unquestionable truth, destined to provide the emerging minds with clear guidelines for the understanding and with secure operators for the explanation. At the level of common knowledge the world came to be Aristotelian.


The Wiseness of Economics
Marin Dinu

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016


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