The objective of this paper is to try to briefly evaluate the logical and epistemological foundations of the economic science, with the purpose to overcome a series of incoherencies and inconsistencies in modelling the economic process, which has been considered (and still is) an extension of...

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...

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...

The study is beginning with some statistical data illustrating that the intellectual lies among the branches of the social sciences are very weak.

In the economic (more generally, social) domain the factual testing of the opinions (either theories or hypotheses) is compromised by at least five non-orthodoxies: non-invariance of the initial conditions, teleology (purposes), hermeneutics of the factual experience, normativity inside the...

The paper treats the issue of prediction in the economic (social) field, in a theoretical framework that replaces the truth with the reasonability. In this end, some already accepted parameters around the prediction need reconfiguration: causality to be replaced with explanatory protocol,...

Institutions are the rules that guide social interactions. By creating incentives or constraints, they guide human actions in the social cooperation process. Society is a reflection of social cooperation and becomes, in fact, the expression of the existing institutional frame. In this paper,...