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Challenges of the Economic Science During the Crisis

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Author Info

  • Ioana MOLDOVAN

    (Bucharest Academy of Economic Studies)

  • Raluca Andreea POPA

    (Bucharest Academy of Economic Studies)

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    Abstract

    Turmoil that affected the financial markets and the global economy since 2008 have generated a series of debates in terms of the economic theory's ability to find answers to the new problems. Among others, the crisis has triggered, at the ideological level, a lively debate about the markets` self regulating ability postulated by economic theory and state interventionism opportunity, and even put into question the soundness of the capitalist system. This paper examines some of the challenges that the economic science has experienced during the global crisis.

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    Bibliographic Info

    Article provided by Asociatia Generala a Economistilor din Romania - AGER in its journal Theoretical and Applied Economics.

    Volume (Year): XVIII(2012) (2012)
    Issue (Month): 4(569) (April)
    Pages: 167-176

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    Handle: RePEc:agr:journl:v:4(569):y:2012:i:4(569):p:167-176

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    Keywords: financial and economic crisis; economics; paradigm; market fundamentalism; interventionism.;

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