ECTAP
 
HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact
 

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

News

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. 1 / 2010 (542)

The Moloch of Theory

„People dealing with mathematics do not use, in order to establish mathematic truth, any algorithm which can be known to be correct.”
Roger Penrose

The setup of the economy is a product of competing theoretical visions. Among other things which have been revealed by the current crisis, such as the inefficiencies of the policies for containing the recessive effects, we also find the structural inconsistency at the level of objective-functions of a real and nominal type, on one side, and these and the objective-function of the competitive market, on the other side. The context of the problem is assured by the fact that adversely defined theories provide essentially different axioms for the understanding of the functioning of the economy on the real and nominal levels, while the competitive market theory does not mediate the disputes and does not eliminate the alterations.

Contents

The Moloch of Theory
Marin Dinu

Open acces

ECTAP

Search

BOOKS

The Economicity. The Epistemic Landscape, Marin Dinu, 2016

Partners


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România / Editura Economică
Redacția: Oficiul poștal 18, Ghișeul 3 - Căsuța poștală 31, București 014820, E-mail: economia.ta@edeconomica.com

© 2006-2024 Theoretical and Applied Economics