About Crisis. A Short and Joyless Description

Crisis clearly distinguishes itself from the large mass of economic phenomena through its provocative force, which fuels theoretical discourse. The more harmful, the more generous the energies it deploys and consumes for explanatory and obstacle overcoming purposes. The result is that every crisis t...

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Bibliographic Details
Published inTheoretical and applied economics Vol. XVI; no. 5
Main Author Ion Pohoata
Format Journal Article
LanguageEnglish
Published General Association of Economists from Romania 01.05.2009
Subjects
compromise
crisis
human nature
indebtedness
Keynes
market
personal calculation
speculation
state
truth
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Summary:Crisis clearly distinguishes itself from the large mass of economic phenomena through its provocative force, which fuels theoretical discourse. The more harmful, the more generous the energies it deploys and consumes for explanatory and obstacle overcoming purposes. The result is that every crisis teaches us a lesson. What interests us is who writes and who learns from this lesson, and if they do. Then we try to find why serious crises, like the current one, occur once or twice in a century. What is the role that big world market players have in crisis "preparation", onset and resorption? Do solutions originate in the state’s support or in the market? Does globalization erase national borders in such situations? How and to what extent real economy may penalize a guilty party that constantly comes from nominal economy? What are the problems raised by such an outcome for the strategy to follow and for economic sciences in general, etc.?
ISSN:1841-8678
1844-0029