Perspectives of economics – behavioural economics

The present turning point, accentuated by the crisis, has revitalized the interdisciplinary study of economics and determined the reconsideration of its fundamental bases as a social science. The economists have abandoned the traditional neoclassical sphere and have directed towards understanding th...

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Bibliographic Details
Main Authors: Paula-Elena DIACON, Gabriel-Andrei DONICI, Liviu-George MAHA
Format: Article
Language:English
Published: General Association of Economists from Romania 2013-07-01
Series:Theoretical and Applied Economics
Subjects:
Online Access: http://store.ectap.ro/articole/877.pdf
Description
Summary:The present turning point, accentuated by the crisis, has revitalized the interdisciplinary study of economics and determined the reconsideration of its fundamental bases as a social science. The economists have abandoned the traditional neoclassical sphere and have directed towards understanding the behaviour resorting to psychology and developing in this manner a new field - behavioural economics. This article examines whether this economic sub-discipline is a viable research direction and the extent to which it may increase the explanatory power of science by providing a realistic database for analysis, taking into account the complexity of the human factor.
ISSN:1841-8678
1844-0029