QUANTUM REVOLUTION AND RETHINKING THE “ETERNAL TRUTHS” OF THE ECONOMIC SCIENCE Cover Image

QUANTUM REVOLUTION AND RETHINKING THE “ETERNAL TRUTHS” OF THE ECONOMIC SCIENCE
QUANTUM REVOLUTION AND RETHINKING THE “ETERNAL TRUTHS” OF THE ECONOMIC SCIENCE

Author(s): Dumitru Moldovan
Subject(s): Economy, Philosophy of Science
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: Economy; quantum physics; creative imagination; conscience; the factors of production;

Summary/Abstract: Quantum physics requires a rethinking of basic postulates of economic science. The article presents the fundamental ideas of the hypothesis theory “The economy of creative imagination”. Also, it identifies the reevaluation methods of mechanistic economic paradigms that were formulated through analogy with classical mechanics. The paper shows that the economic process is performed at two levels – first in individual imagination, and then in traditional workshops and factories. In individual’s imagination, real goods are “truly created” at the subatomic level. As determinism principle dominates big material objects and the uncertainty principle operates at the quantum level, the author believes that rethinking the economic science refers primarily to the discovery of laws that enable us to predict the evolution of economic phenomena within the limitations imposed by the uncertainty principle.

  • Issue Year: 2015
  • Issue No: 16
  • Page Range: 151-156
  • Page Count: 6
  • Language: English
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