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Two Fallacies In Approching The Current Crisis

  • Alexandru JIVAN

    (West University of Timisoara, Faculty of Economics and Business Administration, Interdisciplinary Platform “Nicholas Georgescu-Roegen”)

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    Present study aims to reveal a few of the main perceptions and assumptions concerning economic activity, with implications in the nowadays’ crisis. The most important current anti-crisis views on causes of the crisis are synthesized and critically reviewed. Methodologically, their interpretation is made by the effects in practice, alleging a wide interdisciplinary approach, consistent with the requirements of the European concept of knowledge society. Thus, ideas are brought in the economic analysis in a heterodox approach, trying to go beyond certain standard economic routines and into modelling. The model comes from an approach on the material-immaterial difference and has an answer to the dilemma consumption vs. economizing. There result prerequisites for economic analysis, as well as conclusions in a pro-active approach of the matter, which are generally applicable to the crisis management at macroeconomic level, but with implications at the level of individual economic agent, too.

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    Article provided by Alexandru Ioan Cuza University, Faculty of Economics and Business Administration in its journal Review of Economic and Business Studies.

    Volume (Year): (2009)
    Issue (Month): 3 (May)
    Pages: 85-103

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    Handle: RePEc:aic:revebs:y:2009:i:3:jivana
    Contact details of provider: Postal: Universitatea Al. I. Cuza; B-dul Carol I nr. 22; Iasi
    Phone: 004 0232 201070
    Fax: 004 0232 217000
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