Behavioural and Empirical Topics for Discussion on Economic Science Paradigms

Jaroslav Danhel () and Eva Duchackova ()
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Jaroslav Danhel: University of Finance and Administration
Eva Duchackova: University of Economics in Prague

ACTA VSFS, 2014, vol. 8, issue 2, 100-112

Abstract: The authors of the article point out that the theory of economics has failed to yield a solid theoretical background in such critical situations of the current financial and economic crisis. Theorists cannot look to controversial mathematical modelling for help, especially in regulatory projects. The challenge for today’s theoretical economists is to find a new concept for today’s global era in the sense of behavioural and empiric attitudes. The criticism of fair insurance premium is included.

Keywords: paradigm of economics; financial and economic crisis; controversial regulatory projects; ethics of economic interaction; malfunction of mathematical models; behavioural and empiric attitude; unchained randomness; criticism of fair insurance premium (search for similar items in EconPapers)
JEL-codes: A11 B41 D69 D74 D81 D82 G01 G20 K29 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:prf:journl:v:8:y:2014:i:2:p:100-112

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