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Emergency Economics and the Prospects of the Institutionalization of Crisis Socialism [Economia politică a situaţiilor de urgenţă şi perspectivele instituţionalizării socialismului de criză]

Author

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  • Muşetescu Radu-Cristian, Shayb Hezi

    (Academia de Studii Economice din Bucureşti, Academia de Studii Economice din Bucureşti)

Abstract

While the discussion related to political behaviour and decisions during emergency situations has already generated significant debates in political science, the economic implications of government decisions in such conjunctures have been less researched. Crises seem to offer public decision-makers contexts where the allocation of resources become centralized and similar to a socialist system.

Suggested Citation

  • Muşetescu Radu-Cristian, Shayb Hezi, 2022. "Emergency Economics and the Prospects of the Institutionalization of Crisis Socialism [Economia politică a situaţiilor de urgenţă şi perspectivele instituţionalizării socialismului de criză]," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 03-4.
    • Handle: RePEc:oen:econom:y:2022:i:03-4:id:621
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    More about this item

    Keywords

    crisis; planning; socialism; market; resource allocation;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H44 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Goods: Mixed Markets
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform

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