Theory vs. reality in economics
The starting point of this article is that economics is an applied science. It is a tool for understanding real-world economics and a guide for economic policy. Economic theory must start at the real world – the assumptions must be realistic – and the destination point must also be the real world. T...
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Facultad de Ciencias Económicas de la Universidad Nacional del Nordeste - UNNE
2024
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| Acceso en línea: | https://revistas.unne.edu.ar/index.php/rfce/article/view/7899 |
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I48-R154-article-78992024-12-03T10:49:09Z Theory vs. reality in economics Teoría vs. realidad en economía Beker, Víctor Alberto assumptions prediction model similarity evolution supuestos predicción modelo similitud evolución The starting point of this article is that economics is an applied science. It is a tool for understanding real-world economics and a guide for economic policy. Economic theory must start at the real world – the assumptions must be realistic – and the destination point must also be the real world. The selection of assumptions plays a fundamental role if economic theory is to serve the purpose of interpreting reality. The key issue is the similarity between the theoretical model and the real world. Economic phenomena occur over time. The temporal dimension of economic phenomena cannot be ignored. The evolutionary approach aims to analyze the economy as the result of a dynamic process that leads from known or plausibly conjectured initial conditions in the past to the reality under analysis. El punto de partida de este artículo es que la economía es una ciencia aplicada. Es una herramienta para comprender la economía del mundo real y una guía para la política económica. La teoría económica debe partir del mundo real –los supuestos deben ser realistas- y el punto de destino también debe ser el mundo real. La elección de los supuestos juega un papel fundamental si se pretende que la teoría económica sirva para interpretar la realidad. La cuestión clave es la similitud entre el modelo teórico y el mundo real. Los fenómenos económicos transcurren en el tiempo. No se puede ignorar la dimensión temporal de los fenómenos económicos. El enfoque evolutivo apunta a analizar la economía como el resultado de un proceso dinámico que conduce, a partir de condiciones iniciales conocidas o plausiblemente conjeturadas en el pasado, hasta la realidad analizada. Facultad de Ciencias Económicas de la Universidad Nacional del Nordeste - UNNE 2024-12-02 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.unne.edu.ar/index.php/rfce/article/view/7899 10.30972/rfce.3327899 Revista de la Facultad de Ciencias Económicas; Vol. 33 Núm. 2 (2024); 1-12 1668-6365 1668-6357 spa https://revistas.unne.edu.ar/index.php/rfce/article/view/7899/7446 http://creativecommons.org/licenses/by-nc-sa/4.0 |
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Universidad Nacional del Nordeste |
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I-48 |
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R-154 |
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Revistas UNNE - Universidad Nacional del Noroeste (UNNE) |
| language |
Español |
| format |
Artículo revista |
| topic |
assumptions prediction model similarity evolution supuestos predicción modelo similitud evolución |
| spellingShingle |
assumptions prediction model similarity evolution supuestos predicción modelo similitud evolución Beker, Víctor Alberto Theory vs. reality in economics |
| topic_facet |
assumptions prediction model similarity evolution supuestos predicción modelo similitud evolución |
| author |
Beker, Víctor Alberto |
| author_facet |
Beker, Víctor Alberto |
| author_sort |
Beker, Víctor Alberto |
| title |
Theory vs. reality in economics |
| title_short |
Theory vs. reality in economics |
| title_full |
Theory vs. reality in economics |
| title_fullStr |
Theory vs. reality in economics |
| title_full_unstemmed |
Theory vs. reality in economics |
| title_sort |
theory vs. reality in economics |
| description |
The starting point of this article is that economics is an applied science. It is a tool for understanding real-world economics and a guide for economic policy. Economic theory must start at the real world – the assumptions must be realistic – and the destination point must also be the real world. The selection of assumptions plays a fundamental role if economic theory is to serve the purpose of interpreting reality. The key issue is the similarity between the theoretical model and the real world. Economic phenomena occur over time. The temporal dimension of economic phenomena cannot be ignored. The evolutionary approach aims to analyze the economy as the result of a dynamic process that leads from known or plausibly conjectured initial conditions in the past to the reality under analysis. |
| publisher |
Facultad de Ciencias Económicas de la Universidad Nacional del Nordeste - UNNE |
| publishDate |
2024 |
| url |
https://revistas.unne.edu.ar/index.php/rfce/article/view/7899 |
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2025-05-17T05:11:11Z |
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