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Need for a Paradigm to Return to Nature and Common Sense

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  • Cristian - Marian Barbu

Abstract

The lack of a multilateral paradigm to be considered and developed for a natural and sustainable economy urges both the formulation of immediate tactical objectives and activities as well as the following of short-term effects. This paper seeks to answer the following question: why is highly necessary nowadays a new paradigm for the economy and science? Economy paradigm and its science must not only be consensual, but should also provide a basis for determining different strategies regarding every sector of society. It also could play the role of system integrator for society. One reason for irrational economic development is the lack of a critical mass of modern thought, potentially responsible in national institutions, scientists, strategists and civil society organizations. Of course, also the inadequate current paradigms of the economy and development in science.

Suggested Citation

  • Cristian - Marian Barbu, 2015. "Need for a Paradigm to Return to Nature and Common Sense," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(2), pages 160-164, April.
    • Handle: RePEc:hur:ijaraf:v:5:y:2015:i:2:p:160-164
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    References listed on IDEAS

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    1. Joseph E. Stiglitz, 2002. "Information and the Change in the Paradigm in Economics," American Economic Review, American Economic Association, vol. 92(3), pages 460-501, June.
    2. Richard A. Werner, 2005. "New Paradigm in Macroeconomics," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-50607-7.
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