Lucian CROITORU - The Stabilizing Effects’ Illusion of the “Command and Control”-Type Regulation [Iluzia efectelor stabilizatoare ale reglementării de tip “comandă şi control”]

Irina Mădălina DOROFTEI - A Survey of Contemporary Monetary Policy [O cercetare a politicilor monetare contemporane]

Iulia Monica OEHLER-ŞINCAI - Recent FDI Trends at Global Level. Worldwide and European Consequences [Noi tendinţe ale evoluţiei ISD la nivel global. Implicaţii pe plan mondial şi european]

Doina DRĂNICEANU - Sovereign Investment Funds and the International Competitiveness Through Outsourcing in Emerging Countries [Fondurile suverane de investiţii şi competitivitatea internaţională prin outsourcing în ţări emergente]

Nicu MARCU, Victor PĂTRULESCU, Lucia CRĂCIUN - A Short Insight into the Schools of Economic Thinking Evolution on the Notions of Market and Competition (I) [Scurtă incursiune în evoluţia teoriilor economice privind noţiunile de piaţă şi concurenţă (I)]

Ionuţ STERPAN - Values and Value (Review of “Morality of Capitalism”, by Tom G. Palmer) [Valori şi valoare (Recenzie la “Moralitatea capitalismului”, de Tom G. Palmer)]

Articles on Issue Theme

Printre multele aspecte ambigui din teoria şi politica economice în viziunea curentului dominant este şi cel privind legătura dintre monedă şi capital sau, altfel spus, cel referitor la capacitatea cvasi-demiurgică a sistemelor bancare moderne de a contribui prin “creaţie/multiplicare monetară/creditară”, în regim de rezerve fracţionare, la “creşterea stocului de capital” al societăţii, premisă a prosperităţii ei. Eliberaţi de definiţii echivoce şi de corsetul statistic, putem totuşi să ne apropiem mai mult de înţelegerea efectului mai degrabă dezagregant şi dezechilibrant exercitat asupra relaţiei de preferinţă consum-investiţii pe care îl are procesul prin care se pretinde a fi satisfăcută o cerere de bani (anticipată sau nu de restul publicului) prin emitere temporară de mijloace fiduciare suplimentare (credit).

THE FACES OF FINANCE [FEŢELE FINANŢEI]

The alternation between euphoria and panic is the force that causes the business cycle, and regulation cannot temper the euphoria. A consequence of this conclusion is that regulation cannot soften a recession. To understand what regulation cannot do, in softening a recession, it is useful to recall that a recession occurs when the means to counteract a shock run out before the shock disappears.

Keywords: monetary policy, financial economic crisis, risks, private demand, regulation

JEL: E43, E52, G28, G32, R21

The Stabilizing Effects’ Illusion of the “Command and Control”-Type Regulation [Iluzia efectelor stabilizatoare ale reglementării de tip “comandă şi control”]

The author’s recent investigation including 140 monetary authorities around the world provides a useful overview of contemporary monetary policy. Monetary policy objectives prevail in central banks’ charters and legislation, as compared to other objectives of central banks. Strategies, instead, are usually left to central banks’ discretion. The survey revealed a number of methodological issues.

Keywords: monetary policy, monetary policy objectives, monetary policy strategy

JEL: E52, E58

A Survey of Contemporary Monetary Policy [O cercetare a politicilor monetare contemporane]

The present paper captures several dominant trends of the FDI flows worldwide, which became obvious in the last two decades and more and more evident in recent years. Our analysis brings to the forefront the global investment environment, characterized by an increasing complexity through deepening interdependencies between the economies of the world and the accompanying phenomena.

Keywords: FDI, TNC, EU, tax haven, investment policies

JEL: F21, F23

Recent FDI Trends at Global Level. Worldwide and European Consequences [Noi tendinţe ale evoluţiei ISD la nivel global. Implicaţii pe plan mondial şi european]

At global economy level, changes occurred, consisting of transferring production abroad, due to the comparative advantages of moving production in China or in other developing countries, which converge in cost reduction at production level, and, implicitly, in price advantages. The arena of international competitiveness changed for ever, at the same time with the propensity to outsourcing.

Keywords: financial crisis, globalization, international competitiveness, outsourcing, economic growth, sovereign investment funds, world economy, emerging powers, world order

JEL: F01, F23, F30, F59, F63, G01

Sovereign Investment Funds and the International Competitiveness Through Outsourcing in Emerging Countries [Fondurile suverane de investiţii şi competitivitatea internaţională prin outsourcing în ţări emergente]

The concepts of market, economic concentration, concurrent with competition mechanisms are key elements to market economy systems, that decisively shape the architecture of national economies. While to economic science, similarly to the group of social sciences, the experiment is not allowed, the study of economic theories demonstrates a process of evolution of these concepts.

Keywords: market, competition, monopoly

JEL: B13, B25, D41, D42

A Short Insight into the Schools of Economic Thinking Evolution on the Notions of Market and Competition (I) [Scurtă incursiune în evoluţia teoriilor economice privind noţiunile de piaţă şi concurenţă (I)]

“Moralitatea capitalismului”, editată de Tom G. Palmer şi publicată recent în limba română de CADI, tranşează radical între două realităţi: capitalismul de piaţă, în care deţinătorii de capital obţin profit doar din serviciile pe care le fac consumatorilor în condiţii de concurenţă economică deschisă, şi capitalismul de cumetrie, în care deţinătorii de capital acumulează avuţie graţie unor avantaje speciale.

Values and Value (Review of “Morality of Capitalism”, by Tom G. Palmer) [Valori şi valoare (Recenzie la “Moralitatea capitalismului”, de Tom G. Palmer)]

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