had no relations. This event inspired my research, and thus, I investigate whether social capital matters in explaining these engagements, including, in particular, the role of ethnic diversity of individual networking. I conduct this investigation by
The purpose of the paper is to analyse the weaknesses, both epistemological and applicative, of the contemporary orthodox economics and, based thereon, to indicate the necessary changes it needs to undergo. Two groups of weaknesses are distinguished here – the intrinsic ones and the acquired ones. The former ones result from diversity and variability of its object of study and from the teleological nature of the economy. The latter ones, related to the methodological principles of economics stem from errors or omissions committed by the founders of economics in the historical development. The author identifies and analyses three such weaknesses – superficiality of cognition, overformalisation and the delusion of universalisation.
The analysis shows that globalisation processes and other varied civilisational transformations we have been experiencing over the last 15–20 years have brought into light and highlighted the weaknesses of economics. The author comes to the conclusion that consequently the economics for the 21st century, to meet the challenges of the new times, should undergo three basic shifts: a/ from positive, descriptive science to including also the evaluative and axiological one; b/ from homogeneous, universal science to a considerably contextual one and c/from pure, formalised science to a deeply interdisciplinary one.
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EUROSTAT ( 1998 ): Statistical Annex . European Economy, No. , 65 . Luxembourg
Authors:Zsuzsanna Katalin Szabó and Lucian Chiriac
( 2013 ): Knowledge Economy and Innovation Indices: Their Concordance and Diversity . In: The 7th International Days of Statistics and Economics , pp. 1295 – 1303 . Prague : University of Economics
proverbially attached to experimentation that allows, despite the one-party system, for a rich diversity of competing approaches, a next-to-Hayekian competition of regulation. And this diversity dates back to millennia, not being a product of the post
Transformation and the Lessons to be Learnt . In: Dallago, B. – Blokker, P. (eds): Regional Diversity and Local Development in the New Member States. Houndmills, Basingstoke: Palgrave Macmillan, pp. 99