7 Mart 2009 Cumartesi

Economics as Systematized Body of Knowledge

CAUSA PROXIMA, CAUSA REMOTA, CAUSA CAUSANS.

Economic science resulted not from macro-aggregative management. It resulted from human behaviour directed toward economic purpose without political prejudice.

The future role of economics and economic theory lies with selection of potentially trustful research directions. Academically established research programs that offer productive insight to professional economists:
  • Constitutional Economics
  • The Game of Catallaxy
  • Experimental Economics
  • The Game Theory
  • General Equilibrium Theory
  • Economics of the Law
  • Economics of Property Rights
  • Theories of Public Choice
Academically established research programs that offer little or no promise and may be confusing elements to professional economists:
  • Linear and Quadratic Programing
  • Input-output analysis
  • Optimal Control Theory
  • Optimal Growth Theory
  • Optimal Taxation Theory
  • Social Choice Theory
  • Social Welfare Functions
  • Theories of Macro-Aggregative Management
  • Economics of Planning (Theories of Planning).