RATIONALITY AS AN EXPLANATION FOR ECONOMIC FLUCTUATIONS

Radu Constantinescu ()

Revista Economica, 2012, vol. Supplement, issue 1, 192-200

Abstract: The aim of this paper is to demonstrate that rationality is one of the main factors determining economic fluctuations. From this, derives the issue that rationality is not only a concept tangent to the science of economics but also a homogenizing factor and a sine qua non condition of praxeology. However, rationality as a connecting factor of the decision and action processes is not always directly proportional with decisive motivation or with the determining goal.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:supplement:y:2012:i:1:p:192-200

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