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Calculus And Free Will In The Economic Decision

Author

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  • DINGA, Emil

    ("Victor Slăvescu” Centre for Financial and Monetary Research, Romanian Academy)

Abstract

Starting from the Derrida’s belief (i.e., the freedom begins where/when the calculus ends), the paper discusses the frontier between the necessity and the liberty in taking the economic decision. In the context, the necessity is thought as being the logical consequence (effect) of the calculus, while the contingency is thought as being the logical consequence (effect) of the liberty. Moreover, the paper discusses also the free will as opposition to the necessity generated by the calculus. Finally, all the three paired concepts (necessity/calculus, contingency/liberty, free will/free won’t) are systematized into a quasi-rational mechanism of economic decision in order to explain the actual economic behavior.

Suggested Citation

  • DINGA, Emil, 2014. "Calculus And Free Will In The Economic Decision," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 1(1), pages 25-29.
    • Handle: RePEc:vls:rojfme:v:1:y:2014:i:1:p:25-29
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    More about this item

    Keywords

    free will; calculus; necessity; contingency; rationality model;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology

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