The Natural Economic Science: Re-Writing Economic Fundamentals

Paul Fudulu
University of Bucharest, Romania

Product Details
07 Jun 2019
Emerald Publishing Limited
233 pages - 152 x 229mm
Economics is widely regarded as a social science. But the division of social vs. natural science limits the study of economics -- and, in fact, all social sciences -- locking away theories and evidence that greatly improve levels of analysis and research across all areas of interdisciplinary study. For too long now, this division has ceased to make sense.
In this ground-breaking new study, Paul Fudulu bases a theory of new natural economic science on one of the most important causal laws of physics: the ever entropic degradation of the universe. This theory is comprehensive for all of human behavior, and makes it possible to find solutions to unsolved problems of orthodox economics, revealing correlations which are crucial to a solid economic analysis. Through a book of two parts, Fudulu takes readers through this new theory, starting at the basics and building to look at individual examples, including the formation of human ends and an exploration of coercive actions through the use of externalities as a cover-up.  
For students, researchers and academics in social sciences and economic theory, this is an unmissable book with an exciting new theory of natural economics.
Part I: Natural Economic Assumptions and Methods 
1. Introductory Notes: Failures and Puzzles 
2. Preliminary Issues in Identifying a Natural Economic Axiom 
3. The Singular Axiom of Natural Economic Science 
4. The Methods of the Natural Economic Science 
Part II: Natural Solutions to Unsolvable Problems of Orthodox Economics 
5. The Anti-Entropic Formation of Human Ends 
6. The Anti-Entropic Formation of Preferences and Some of its Implications 
7. Rules and Institutions as Opportunity Cost Patterns 
8. The Anti-Entropic Theory of Culture Formation and its Fundamental Impact on Economic Performance 
9. Externalities and Public Goods as a Cover-Up for Coercive Actions 
10. General Conclusions: Theoretical and Practical
Paul Fudulu is a full professor of economics, University of Bucharest, and visiting scholar for three years at the Center for Study of Public Choice, GMU, Virginia (led by Nobel Laureate James Buchanan). He is the author of The Economic Decoding of Religious Dogmas, Teoria economica a culturilor si institutiilor, and Metamaximizare: Avutie si Justitie.

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