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Time and Causality in the Economic Process – a Critical Approach Based on Consistency Criteria

Author

Listed:
  • Cristina TĂNĂSESCU

    (University „Lucian Blaga”, Sibiu)

  • Vasile BRĂTIAN

    (University „Lucian Blaga”, Sibiu)

  • Camelia OPREAN

    (University „Lucian Blaga”, Sibiu)

Abstract

Our paper proposes a critical analysis based on criteria of consistency of the fundamental concepts underlying the comprehensive description of economic process, namely: time, context and causality. Issues of such action taken by us arise from the existence of the fact that the emergence of new paradigms, amid an economic complexity, should include elements of theoretical, instrumental and methodological nature. Moreover, dominant economic science, at this time (positivist), is subject to an epistemological imperialism exercised by Newtonian mechanics, without one's own epistemology. Regarding the underlying causality explaining the economic process, we find that, yet at this time, it is a singular and efficient one (in the Aristotelian sense), but not a teleological one, so we wonder whether the final causality (purpose form) may better explain the economic process and his completeness, and in this sense, the shaping of new paradigms based on premises other than those already existed, in understanding the economic process.

Suggested Citation

  • Cristina TĂNĂSESCU & Vasile BRĂTIAN & Camelia OPREAN, 2011. "Time and Causality in the Economic Process – a Critical Approach Based on Consistency Criteria," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(554)), pages 65-74, January.
    • Handle: RePEc:agr:journl:v:xviii(2011):y:2011:i:1(554):p:65-74
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    Cited by:

    1. AILINCĂ, Alina Georgeta & BĂLĂŞESCU, Florin, 2017. "Reconsidering The Concept Of Economic Time According To The Sustainable Development Paradigm," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 4(1), pages 303-310.

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