Theoretical and Applied Economics
No. 2 / 2012 (567)
Crisis: a Return to Rationality
Bucharest Academy of Economic Studies
Iulian TĂNASE
Bucharest Academy of Economic Studies
Abstract. This paper analyses the causes of economic crisis trying to reconcile the theory of "animal spirits" with the money supply expansion. It also aims to show the limits of the two opposing theories: both of the Keynesian and the Austrian ones, and to investigate the economic crisis in Greece, focusing on the causes that triggered it. This paper also shows the effects of population, bankers and of government officials greed on economic activity in general, and the crisis in particular.
Keywords: depression; Keynesianism; Austrian theory; the Greek crisis.
Contents
- Amplification Effects and Unconventional Monetary Policies
Cécile BASTIDON GILLES
Nicolas HUCHET
Philippe GILLES
- Theoretical considerations
about implementation of IAS 41 in Romania
Liliana FELEAGĂ
Niculae FELEAGĂ
Vasile RĂILEANU
- Migration and Tourism Demand
Nuno Carlos LEITÃO
Muhammad SHAHBAZ
- Current Research on Flexibilizing the Labor Market
– first part –
Daniel ȘTEFAN
Costantin ROMAN
- Crisis: a Return to Rationality
Liviu Cătălin MORARU
Iulian TĂNASE
- Assessing the Sectoral Dynamics
of Non-performing Loans:
Signs from Financial and Real Economy
Bogdan MOINESCU
Adrian CODIRLAŞU
- Globalism and Corporate Identity in the Post-crisis Economy
Diana Andreia HRISTACHE
Silvia Elena IACOB
- New Approaches for Monetary Policy
Alexandra ADAM
- The Need of a New Economic Model
Alexandru Cătălin POPA