The Need for Accuracy

Gheorghe Bailesteanu
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Gheorghe Bailesteanu: West University of Timişoara, Faculty of Economics and Business Administration, Romania

Timisoara Journal of Economics, 2008, vol. 1, issue 4, 365-368

Abstract: Understanding the economic phenomena and procedures based on „common sense” is insufficient in the age of knowledge society, when the NEED FOR ACCURACY is not only a must, but also indispensable. Still, the need for accuracy involves THE HYPOTHESIS NEED IN BUILDING SCIENTIFIC THEORIES. There are certain conditions of constructivism and functioning of hypotheses, and considering them gives them a “status” in science. Coherence is the fundamental criteria of plausibility and credibility of hypotheses. A hypothetic construction should not contain internal dysfunctions, i.e. incompatible postulates or difficult to set up with one another.

Date: 2008
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