Revista OEconomica

Delia-Raluca ŞANCARIUC, Dragoş Cosmin Lucian PREDA - An Inquiry into Development: The Big Picture and Possible Explanations

Alexandru-Florin PREDA - From Brussels to Trade Tables: The Impact of Data Protection on Global Trade Dynamics

Petru-Răsvan IATAN - The Free Market Perspective on the War Economy: Public Policies and the Role of Human Incentives [Perspectiva pieţei libere asupra economiei de război: politicile publice şi rolul stimulentelor umane]

Hesam JEBELI-BAKHT-ARA - Colonialism, the Plurivalent Conflict of the African Continent [Colonialismul, conflictul plurivalent al continentului african]

Revista ŒCONOMICA - Book Notes / Semnal editorial: Academia de Studii Economice – 110 ani de performanţă continuă. Evocări, opinii, experienţe personale, mărturii ale absolvenţilor

Articles on Issue Theme

Andreas STAMATE-ŞTEFAN

Academia de Studii Economice din Bucureşti

Focused especially on the causes, Woods elegantly discovers in the tradition of the Austrian School of economics of Ludwig von Mises and Friedrich von Hayek (Nobel Laureate, 1974) that the main culprit for the creation of crises – or, as economists explain, the boom bust cycle or business cycle – is the monetary system’s nature. As he goes, it is a system that allows a process of artificially expanded money supply which necessarily ends in a general increase in the level of prices (inflation) which erodes the purchasing power of people’s money.

ŒCONOMICA no. 2/2014

Keywords: crisis, money, bailout, depression

JEL: B53, E31, E32, E42, F44, H81

Boom-Bust Cycles are Not in the Nature of Things (Review of \"Meltdown. A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse\", by Thomas E. Woods Jr.)

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