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Equilibriums and Economic Rationality in “the House of Life”

Author

Listed:
  • Mariana IOVIȚU

    (Bucharest University of Economic Studies, Romania)

  • Florina BRAN

    (Bucharest University of Economic Studies, Romania)

Abstract

Subject to the conjuncture and economic system’s capacity to react, in one way or the other, to the advancing human society’s different actions, rationality exceeds the principle status entering an area of interpretation as a mechanism. The new rationality paradigm calls for a certain measure where the characteristic elements are able to alter, somewhat, the interpretation sense for rationality. The concept is updated and undergoes modernization gaining thus new valences and new optimizations to match the new economic paradigm. In conclusion, the new economic paradigm requires a new rationality paradigm.

Suggested Citation

  • Mariana IOVIȚU & Florina BRAN, 2015. "Equilibriums and Economic Rationality in “the House of Life”," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(605), W), pages 291-300, Winter.
    • Handle: RePEc:agr:journl:v:xxii:y:2015:i:4(605):p:291-300
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    References listed on IDEAS

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    1. Thomas Piketty, 2013. "Le capital au XXIe siècle," Post-Print halshs-00979232, HAL.
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