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Theoretical and Applied Economics
No. 11 / 2008 (528)

Crisis Phoenix

„We have created a financial system which has greatly exceeded the safety bounds we have instituted in the 1930's to protect ourselves from crises. We should have realized that, by stepping over the safety mechanisms, we expose ourselves to a new crisis”
Paul Krugman

  For a few decades economic crises seemed to have their origin in the behavior of emergent economies. The forward leap, when forced, proved deadly. The description of the effects is complete, in the specific literature. The causes, though, have never constituted a reason for intellectual consensus.

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Crisis Phoenix
Marin Dinu

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016

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