Theoretical and Applied Economics
No. 2 / 2010 (543)
The Economic Caesura
The present crisis has highlighted the weak consistency of the symbolic economy's function, especially when it tried to legitimize phenomena that lie outside the production function's determinant sphere of meaning. The consequence most evident is the self-stimulating pressure for profit. The symbolic economy frenetically invents its performance algorithms counting on the hypothesis of that which could be called exclusive sufficiency. Fictitious money - in its extremely various technical expressions - constitutes the unlimited substance of success sought by the symbolic economy.
In this formula, practically the symbolic economy - particularly in its stock-exchange guise - introduces a total caesura with the production function, generating its own universe of value-creation.
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
