Theoretical and Applied Economics (Oct 2007)

The Quandary of the Economic Science

  • Ion Bucur

Journal volume & issue
Vol. 10(515), no. 10(515)
pp. 27 – 34

Abstract

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The economic science is passing through one of the most critical periods of its existence. Thecrisis it runs through has its origins in its methodological grounds as well as in its capacity to express thedeep political and economical mutations nowadays.Throughout this article, we have tried to stress the inadequate characteristics of the present theoreticalframework, the impossibility to reflect the new realities through a decayed conceptual framework, theneed to re-examine some postulates and assertions that do not correspond to the present train of eventsanymore. We have also tried to identify the basis of the economic science restructuring, as well as theobjectives and directions oriented towards this challenge. We have pleaded for a science configurationopen to multi-disciplinarily framework, debate pluralism, and new, realistic and practical approaches.

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