The logic of the historical evolution of the wrong institutional design that affects the financial and monetary system of the so called free market economies up to day is somehow easy to understand: bubbles did continue, financial crisis and economic recessions were not avoided, the bail out of...

The present paper tackles two broad theses. According to the first, in the Eastern Orthodox view wealth, riches, material prosperity and whatever these things presuppose (the extended division of labour, trade, money, profit oriented entrepreneurship etc.) are not evil or condemnable in...

The lesson of crisis in economy, if we could condense it into a single idea, would sound like this: when private property gets mixed with illusion and fraud, the societal order becomes a tensed experiments system, both discretionary and costly. This is, in fact, the interventionism’s essence,...

The paper starts from the argument that, at present, there are two opposite perspective on the relationship between ethics and capitalism, namely: on the one hand, it is the interpretation offered by the neoclassical school of economic thought (mainstream economics) and, on the other hand, it is...

The concepts of market, economic concentration, concurrent with competition mechanisms are key elements to market economy systems, that decisively shape the architecture of national economies. While to economic science, similarly to the group of social sciences, the experiment is not allowed,...

This continuation of the previous part of our proposed monograph, which by no means is intended as an exhaustive one, is corroborated by the citation of innovative criticism and ideas put forward by the various economists, the purpose of which is to highlight exactly the relativism and nuances...

This article tries to make evident the fact that the scientific endeavour of “macro”-behaviouristic-empiricist paradigms does not have a real basis because it is not grounded on the ultimate principle of society: human action. The emphasis of this article is on the perspective that the most...

The economic crisis of the 1970s and the so-called “Chicago revolution” of the 1980s was a great challenge to Samuelson’s anti-laissez faire legacy, but left its heavy reliance on mathematics and modelling intact. The “Great Recession” that began in 2008 may ultimately replenish...

Based on the ontological and epistemological problems and solutions and on the analysis of the philosophical grounds of three main schools of economics, exposed in the previous papers, a short overview of the philosophy of the multilevel reality is done. It is shown that the hierarchy of the...

In the view of analysing the differences and resemblances of the natural and social sciences (with the economics between them), some of their ontological and epistemological problems and solutions are presented. Many methodological options succeed to preserve the basic unity and autonomy of the...