Quantum Revolution and Rethinking the “Eternal Truths” of the Economic Science
Dumitru Moldovan
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.
Review of Economic and Business Studies•Dec 1, 2015•0 citations