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The Limitations of Standard Economical Theory from the Perspective of Development, Sustainability and Rationality in Resource Allocation

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Author Info

  • Chiriac Cãtãlin

    ()
    ("Alexandru Ioan Cuza" University of Iaºi, Faculty of Economics and Business Administration)

  • Vodã Ana-Iolanda

    ()
    ("Alexandru Ioan Cuza" University of Iaºi, Faculty of Economics and Business Administration)

  • Constantinescu Radu

    ()
    ("Alexandru Ioan Cuza" University of Iaºi, Faculty of Economics and Business Administration)

Abstract

In this paper we wish to fix and underline the nature, causes and effects of the so called “theoretical limitations” of standard economics related to environment, without losing the focus on the impact – both present and potential – that this may have over the natural and social systems.

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File URL: http://stec.univ-ovidius.ro/html/anale/ENG/cuprins%20rezumate/volum2012p1.pdf
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Bibliographic Info

Article provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.

Volume (Year): XII (2012)
Issue (Month): 1 (May)
Pages: 442-447

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Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:442-447

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Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
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Related research

Keywords: market failure; transaction costs; property rights; development; rationality.;

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Cited by:
  1. Constantinescu, Radu, 2012. "Repere ale raţionalităţii limitate în ştiinţa economică
    [Highlights of bounded rationality in economics]
    ," MPRA Paper 44297, University Library of Munich, Germany, revised 08 Feb 2013.

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