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From “Pre-Economics” To The Developed Informational Economy – A Scientific Review

Author

Listed:
  • Bodislav Dumitru-Alexandru

    (Academy of Economic Studies)

  • Cheptea Madalina

    (Academy of Economic Studies)

Abstract

During the 5000 years of economic evolution (considering the oldest textbooks available today) that produced an organic evolution and economic entanglement, but which led in our days at a turning point for the global economy. Why choose to present the economic spark from the beginning of the first recorded writings? Because we deal with the big picture – a framework that represents “life” and the economy that isn’t loaded with the evolution of ethics, moral and informational, the initial picture shows the purity of the early civilization, naked by the actual’ modernist add-ons. This research paper is an overview of the main ideas that molded the actual economic life by creating a bridge between the “pre-economy” period when trade was based on thievery or unvalued exchange till the development of today’s economic science, that has as defining point Adam Smith and his view on economic development through the its power engine – self interest and the human being.

Suggested Citation

  • Bodislav Dumitru-Alexandru & Cheptea Madalina, 2011. "From “Pre-Economics” To The Developed Informational Economy – A Scientific Review," Journal of Information Systems & Operations Management, Romanian-American University, vol. 5(2), pages 367-378, December.
    • Handle: RePEc:rau:jisomg:v:5:y:2011:i:2:p:367-378
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    References listed on IDEAS

    as
    1. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters, in: A Theory of the Consumption Function, pages 1-6, National Bureau of Economic Research, Inc.
    2. George A. Akerlof & Rachel E. Kranton, 2000. "Economics and Identity," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(3), pages 715-753.
    3. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, September.
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