Český finanční a účetní časopis 2012(3):61-70 | DOI: 10.18267/j.cfuc.322

Necessity of Changes in the Point of View on the Randomness in the Frame of Economic Paradigm

Jaroslav Daňhel1, Eva Ducháčková2
1 Prof. Ing. Jaroslav Daňhel, CSc. - profesor; Katedra bankovnictví a pojišťovnictví, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3, <danhel@vse.cz>.
2 Prof. Ing. Eva Ducháčková, CSc. - profesorka; Katedra bankovnictví a pojišťovnictví, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3, <duchack@vse.cz>.

Problem of current world economy results from reality that we do not know to manage comprehensive complicated economic word with elements unrestrained randomness. Way to implement mathematics to economic science in not efficient, the same statement is valid about "risk based approach". Effort to normative prediction put on the periphery of interest ethics problems. Crisis provoked political pressure on extensity of regulation. Dilemma is: to support of naturally correct economic surroundings or strong regulation to restrict unethical behavior.Overcoming our cognitive insufficiency and finding new paradigm with anticipation of unrestrained randomness is very acute.

Keywords: Economic paradigm; Randomness; Financial and economic crises; Formalization or economic science; Welfare state model; Ethics of economic interaction; Regulatory projects.
JEL classification: A11, B41, G01, G20

Published: October 1, 2012  Show citation

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Daňhel, J., & Ducháčková, E. (2012). Necessity of Changes in the Point of View on the Randomness in the Frame of Economic Paradigm. Czech Financial and Accounting Journal, 2012(3), 61-70. doi: 10.18267/j.cfuc.322
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