The purpose of this article is to analyze the relationship between the discipline of Behavioural Economics and the Neoclassical School. On the basis of the available literature, the paper aims to investigate if the two branches are totally opposite, or if the behavioural theories only extend and...

In his work, „Nation, State, and Economy” (1919), Ludwig von Mises claims that the idea of liberalism starts with the freedom of the individual and it rejects all rules of some persons over others. This paper aims to illustrate an opposite direction, deprecating the 18th century colonial...

The unintelligibility of the social and economic phenomena is due to isolation from the various backgrounds that has driven and maintained them. The conspiratorial reasoning insists over those backgrounds and focuses on identifying the intentionality in the primary cause. Throughout history,...

Science and rationality always excluded religion. However, in his last work, The Fatal Conceit, the great economist Friedrich von Hayek stated that religion has been one of the enduring pillars of the free market economy, through a consistent heritage of practices and beliefs. By making some...

Considering the process of integration and the enlargement of the European Union, the continent's political map changed significantly during the last decades. For most of the European nations, facing the integration is going on the path of the economic and social improvement, which also involves...

Abstract: The aim of this article is to provide a brief analysis of the current financial crisis, event that represents a major economic challenge and which reinforces the eternal dispute between the two economic thoughts: economic liberalization and government intervention. The analysis focuses...

The aim of this article is to briefly analyze the economic transition of Romania from a behavioural economics perspective. Despite the adverse effects experienced in the past regime, the paper finds out that the suitable macroeconomic policies implemented had fundamental effects, generating...

"Cyberspace" - a concept until recently considered somewhat obscure and fantasy, has become in the contemporary era common and one of the most exciting trends in business. The emergence and development of electronic commerce represented a huge step towards facilitating economic transactions and...

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...

The causes of economic crisis are a subject of intense debate, most opinions of economists ranging from the liberalization of the market to its regulation. We believe that usually there is “sufficient state” and that a change in its level does not have the expected effects. Although on the...