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Theoretical and Applied Economics
No. 11 / 2013 (588)

The enlightenment of stability

„Economic stability, with financial stability at its epicentre, is intelligible only in terms of development, including when it is conceived according to the precepts of the political philosophy of austerity.”

Treated as a depth problem of the financial market, financial stability has valid solutions when financial flows exist to and from the economic processes which are centred on exploiting the resources in their diversity, while respecting the fundamental correlations of economicity. In a financial market where only the quasi-general circuit of bank financing resources makes the rule, stability cannot be sustained. The rarity of capitalization resources, including the classical savings, as well as the almost null stock exchange capitalization, transform stability into an illusion and the convergence potential into an impossibility.


The enlightenment of stability
Marin Dinu

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016


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