Theoretical and Applied Economics
No. 2 / 2009 (531)
The crisis of economics
when I do something I don’t know how to do.”
What could be fatal to Economics is the resilience of its basic principles in moments of crisis. The key to this fatalism lies in the expectance - instituted by classical Economics - that the "invisible hand" will have a harmonizing effect on individual interests. In other words - uttered by some theoreticians such as Myrdal - economics is built on the assumption of the unique interest which would regularize fluctuations in a natural man¬ner. Simply put, the individual behaviors led by the desire for apropriation are being forced to have a sense which legiti¬mizes the common interest. Having tailored the universe of Economics in this way, Adam Smith has forced the individuality of interests to subordinate itself to the scientific fiction of the unique interest, as observed by Arendt for instance.
Contents
- The Transformation of Municipal Services: towards Quality in the Public Sector
Pablo Gutiérrez Rodríguez
José Luis Vázquez Burguete
Roge Vaughan
Jonathan Edwards
- Quantitative Evaluations of Foreign Direct
Investments Impact on Productivity Development
of Companies from Central and Eastern Europe
Marilen Pirtea
Carmen Corduneanu
Bogdan Dima
Laura Milos
- Minority Shareholders’ Protection:
the Romanian Experience
Victor Dragota
Anamaria Ciobanu
Delia Catarama
Andreea Semenescu
Carmen Maria Lacatus
- Quantifying Update Effects in Citizen-Oriented Software
Ion Ivan
Sorin Pavel
- Is there Needed an Industry Approach
on Corporate Default Risk?
Case Study on Companies Listed
on Romanian Stock Exchange
Cristina Maria Triandafil
Petre Brezeanu
Marius Petrescu
Leonardo Badea
- Controversies in the Debate Regarding Economic Convergence
Marieta Stanciu
Carmen Puiu
