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Perspectives of economics – behavioural economics

Author

Listed:
  • Paula-Elena DIACON

    (“Alexandru Ioan Cuza” University of Iași)

  • Gabriel-Andrei DONICI

    (“Alexandru Ioan Cuza” University of Iași)

  • Liviu-George MAHA

    (“Alexandru Ioan Cuza” University of Iași)

Abstract

The present turning point, accentuated by the crisis, has revitalized the interdisciplinary study of economics and determined the reconsideration of its fundamental bases as a social science. The economists have abandoned the traditional neoclassical sphere and have directed towards understanding the behaviour resorting to psychology and developing in this manner a new field - behavioural economics. This article examines whether this economic sub-discipline is a viable research direction and the extent to which it may increase the explanatory power of science by providing a realistic database for analysis, taking into account the complexity of the human factor.

Suggested Citation

  • Paula-Elena DIACON & Gabriel-Andrei DONICI & Liviu-George MAHA, 2013. "Perspectives of economics – behavioural economics," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(7(584)), pages 27-32, July.
    • Handle: RePEc:agr:journl:v:xx:y:2013:i:7(584):p:27-32
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    Cited by:

    1. Paula-Elena Diacon, 2014. "From Economic Behaviour to Behavioural Economics," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 1(1), pages 171-180, February.

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