Economics Of Crisis Versus Crisis Of Economics
AbstractMy paper aims in bringing on the table the concept of economic irrationality together with the lack of regulation and a pressure groups scenario, all of the three being the perfect recipe for a crisis, as the most recent has just demonstrated. I am trying, on one hand, to bring arguments with regards to the necessity of a complete reinterpretation of Economics and on the other hand, to put a special emphasis on our memory and of the recent history as able to give us the right perspective on how not to act if a crisis and of what to expect if doing so. We have examples in the past, we only need to open our eyes and not think we can reinvent cold water.
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Bibliographic InfoArticle provided by Romanian-American University in its journal Journal of Information Systems and Operations Management.
Volume (Year): 6 (2012)
Issue (Month): 1 (May)
crisis; irrationality; financial system; substandard securitization;
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