| Title: | Consistency Versus Inconsistency in the Current Academic Economic Paradigm |
| Authors: | Dumitru Miron, Irina Ion, Elena Nicolae |
| Publication: | Diversité et identité culturelle en Europe, X (2), p. 211 |
| p-ISSN: | 2067-0931 |
| Publisher: | Editura Muzeul Literaturii Române |
| Place: | București |
| Year: | 2013 |
| Abstract: | The current academic economic paradigm is shaped by the actual economic schools of thoughts and the systems of generating economic knowledge – universities, research institutions, academic publishing actors and business elites. The cumulated contributions of these actors have transformed economics into a mature science whose practical and governance implications were tested by the 2008 world financial crisis. The challenges faced in these times by governments, households and businesses have severely questioned both orthodox and non orthodox economic wisdom and the legitimacy of the economist as a professional. Irrespective of their economic orientation, most economists have agreed that the models of socio-economic development should be revisited, with a high need of a focus on the moral and ethical standards of the human, economic and political actions. The purpose of this paper is to analyse some of the major inconsistencies that the current academic economic paradigm is perpetuating through its systems of generating economic knowledge, mainly universities and research institutions. From the methodological point of view this paper uses a qualitative analysis, based on a conceptual and highly explorative approach. |
| Key words: | Economic paradigm, higher education, school of thought, financial crisis |
| Language: | English |
| Links: |  pdf  html |
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