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- W2116748976 abstract "present economic crisis sets society in a state of uncertainty that lays stress on very risk of existence. In normal conditions concept of is guiding all human activities, because, homo economicus has always aimed at maximizing effects with minimization of efforts. approach to present study emphasizes a few things: economic rationality is a fundamental principle in economics; that is why its observance should protect us from danger of risk occurrence and generalization. Then economic crisis destroys functional normality of national economic and political systems, generating disequilibrium difficult to correct under circumstances of rationality non-observance. Nothing more has to be added to convince us that market mechanisms cannot protect mankind from future ecological crises, even if we find the right price , wrote Nicholas Georgescu-Roegen in The Energy, Natural Resources and Economic Theory( Vol VI) . Quite right, as today we confront ourselves with problem of saving resources in era of welfare. Tomorrow's social and ecological exigencies modify interpretations in context of a new economic paradigm: even if our way of living remains dependent on production of means of living on a large scale, saving of resources sets society in an economic conflict with social implications. We want an economic increase but this means proportional increase of resources, which leads to a linear way of thinking. reality is different: we do want economic increase but with a resource consumption meant to protect future generations from crises. In this way, specific disparities between normative and positive of state of things are exposed. economic history acknowledges fact that technological progress meant both discovery and use of new resources. It is no doubt that these led both to expansion and a substantial increase but also to modification of quantity-quality report. Then question is: to what extent we can operate for economic increase and what is limit for us to reduce consumptions, so as rationality may remain steady." @default.
- W2116748976 created "2016-06-24" @default.
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- W2116748976 date "2010-01-01" @default.
- W2116748976 modified "2023-09-28" @default.
- W2116748976 title "The Economic Rationality in a Period of Crisis" @default.
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