CALCULUS AND FREE WILL IN THE ECONOMIC DECISION

Emil Dinga
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Emil Dinga: "Victor Slăvescu” Centre for Financial and Monetary Research, Romanian Academy

Journal of Financial and Monetary Economics, 2014, vol. 1, issue 1, 25-29

Abstract: Starting from the Derrida’s belief (i.e., the freedom begins where/when the calculus ends), the paper discusses the frontier between the necessity and the liberty in taking the economic decision. In the context, the necessity is thought as being the logical consequence (effect) of the calculus, while the contingency is thought as being the logical consequence (effect) of the liberty. Moreover, the paper discusses also the free will as opposition to the necessity generated by the calculus. Finally, all the three paired concepts (necessity/calculus, contingency/liberty, free will/free won’t) are systematized into a quasi-rational mechanism of economic decision in order to explain the actual economic behavior.

Keywords: free will; calculus; necessity; contingency; rationality model (search for similar items in EconPapers)
JEL-codes: A10 B4 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:1:y:2014:i:1:p:25-29

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