IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2012v1p137-140.html
   My bibliography  Save this article

Could Be Considered A Failure The Of The Economist Profession The Current Global Crisis?

Author

Listed:
  • Marinescu Cristian, Bodislav Dumitru-Alexandru, Belingher Daniel

    (Academy of Economic Studies, Bucharest, Romania)

Abstract

The economist Nouriel Roubini said that is a sin to waste a crisis without learning something of the causes that generated it. Although three years have passed since the onset of the global crisis in 2008, we don't know very clearly what are the causes that led to its appearance and even less who are those responsible for this great recession. And unless we understand what leads to economic instability and financial crises, we can not prescribe policy for crisis prevention and sustainable economic growth. This paper aims to highlight some of the key issues that have favored the emergence of the global crisis in 2008, many of which national economies have not yet emerged, and some of those who have passed the crisis there are on the brink of a return to recession. In this paper we want to answer the question if the current global crisis can be considered a failure of the economits profession and therefore of economic science, being necessary at this time a new paradigm in economics or the fault belong of the political class, and the economic science has no fault in this regard and it will need to maintain the mechanistic vision of the market, going on the rational line and on the idea that natural state of a market is the balance.

Suggested Citation

  • Marinescu Cristian, Bodislav Dumitru-Alexandru, Belingher Daniel, 2012. "Could Be Considered A Failure The Of The Economist Profession The Current Global Crisis?," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 137-140, March.
  • Handle: RePEc:cbu:jrnlec:y:2012:v:1:p:137-140
    as

    Download full text from publisher

    File URL: http://www.utgjiu.ro/revista/ec/pdf/2012-01/20_MARINESCU_CRISTIAN.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2012:v:1:p:137-140. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.