Necessity of Changes in the Point of View on the Randomness in the Frame of Economic Paradigm

Nutnost změn v pohledu na nahodilost v rámci paradigmat ekonomie

Jaroslav Daňhel and Eva Ducháčková

Český finanční a účetní časopis, 2012, vol. 2012, issue 3, 61-70

Abstract: Problem of current world economy results from reality that we do not know to manage comprehensive complicated economic word with elements unrestrained randomness. Way to implement mathematics to economic science in not efficient, the same statement is valid about "risk based approach". Effort to normative prediction put on the periphery of interest ethics problems. Crisis provoked political pressure on extensity of regulation. Dilemma is: to support of naturally correct economic surroundings or strong regulation to restrict unethical behavior.Overcoming our cognitive insufficiency and finding new paradigm with anticipation of unrestrained randomness is very acute.

Keywords: Economic paradigm; Randomness; Financial and economic crises; Formalization or economic science; Welfare state model; Ethics of economic interaction; Regulatory projects; Ekonomické paradigma; Nahodilost; Finanční a ekonomická krize; Formalizace ekonomické vědy; Stát blahobytu; Etika ekonomických interakcí; Regulatorní projekty (search for similar items in EconPapers)
JEL-codes: A11 B41 G01 G20 (search for similar items in EconPapers)
Date: 2012
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DOI: 10.18267/j.cfuc.322

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