Theoretical and Applied Economics
No. 2 / 2010 (543)
About How Did the First Ever Big Economic Crisis Look Like
National School of Political Studies and Public Administration
Abstract. The obsession about the current economic crisis is pretty understandable. But being obsessed about the current moment, in the economic crisis matter, might become a scientific mistake. As for instance, the real results of the current period will be available in just a couple of years. Moreover, we used to believe up to recently that the previous big crisis of 1929-1933 might be nearly an accident and would not repeat, due to its lesson applied: the policy makers made functional, vigilant, diligent and acting. May be such a lesson was not enough. But equally, every crisis would claim a specific lesson of this kind, and the present one would do the same, whereas the 1929-1933 and current crises lessons would not be enough, partly because the economic history has more in such a topic area. In other words, let us more deeply search for crisis elements in the world economic history.
Keywords: economic crisis; national economy; price system & standards; macrosystem; the international gold standard; utilities; barter system of exchanges.
Contents
- The Role of Stress-test Scenarios in Risk Management Activities and in the Avoidance
of a New Crisis
Arion NEGRILĂ
- On the Intensity of International Subsidy Competition for FDI
Tomáš HAVRÁNEK
Zuzana IRŠOVÁ
- About How Did the First Ever Big Economic Crisis Look Like
Liviu C. ANDREI
- The Role of Empathy in Developing the Leader’s Emotional Intelligence
Leonardo BADEA
Nicolae Alexandru PANĂ
- The Health of the Economy as a Living Organism
Constantin POPESCU
Cristina BURGHELEA
- The Role of Internal Audit in Optimization of Corporate Governance at the Groups
of Companies
Ionel BOSTAN
Veronica GROSU
- Banking Risk Management in the Light of Basel II
Vasile DEDU
Roxana NECHIF