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

Cristina Tanasescu (), Vasile Brătian and Camelia Oprean-Stan
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Vasile Brătian: University „Lucian Blaga”, Sibiu

Theoretical and Applied Economics, 2011, vol. XVIII(2011), issue 1(554), 65-74

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.

Keywords: economic process; economic time; final cause. (search for similar items in EconPapers)
Date: 2011
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