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Theoretical and Applied Economics
No. 10 / 2013 (587)

The corrective austerity

„The worst unexpected consequences of evolution have amassed in the area
of an upturned utopia, in which the social is being re-composed in economic terms.”

The model of the corporatist capitalist economy started to evolve through excrescences which are mainly motivated by the thesis of growing efficiencies. Generally, being built on extreme quantitativism, possibly through speculatively stimulated economic growth, this model is today in collapse. Its imprudent advancements are brutally corrected by the reality, with today's loss being several times greater than yesterday's winnings.

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The corrective austerity
Marin Dinu

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016

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