Revista OEconomica

Tudor Constantin BĂLAN - Cycles of Freedom: Are Our Rights Today Permanently Secured, or Are We in a Transitional Phase? The Cases of Great Britain, the United States, and Russia

Marius-Cristian PANĂ, Adela BĂLAN - Economic Freedom and Prosperity: A Comparative Analysis of Welfare Determinants at the International Level

Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Lucian C. IONESCU

Universitatea Financiar-Bancară din Bucureşti

Starting from the specific nature of the present world monetary & financial crisis, this paper endeavours to identify and to analysis its implications on the evolution of economic science. Historically, the economic science has manifested itself paying a double price: on the one hand, by a certain isolation from the whole social organism and, on the other hand, by a gradual subordination to politics.
The paper considers two extreme tendencies equally negative: an absolute emphasis put either on the normative dimension of political economy or on the positive dimension of economics. The author is pleading for a renewal of the concept of social economy, taking into account the traits of the mankind’s evolution in the XXI-st century.

ŒCONOMICA no. 2/2009

Keywords: economy, positive economics, normative political economy, market failure, social economy, economic personalism

JEL: B00, A1, B1, B2, B3, B4

Economia şi criza mondială – între pozitiv şi normativ

Select Issue: