Perspectives of economics – behavioural economics

Paula-Elena Diacon, Gabriel Donici and Liviu-George Maha
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Paula-Elena Diacon: “Alexandru Ioan Cuza” University of Iași

Theoretical and Applied Economics, 2013, vol. XX, issue 7(584), 27-32

Abstract: The present turning point, accentuated by the crisis, has revitalized the interdisciplinary study of economics and determined the reconsideration of its fundamental bases as a social science. The economists have abandoned the traditional neoclassical sphere and have directed towards understanding the behaviour resorting to psychology and developing in this manner a new field - behavioural economics. This article examines whether this economic sub-discipline is a viable research direction and the extent to which it may increase the explanatory power of science by providing a realistic database for analysis, taking into account the complexity of the human factor.

Keywords: behavioural economics; epistemology; neoclassical economics; homo oeconomicus, rationalism. (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xx:y:2013:i:7(584):p:27-32

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