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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”)


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.

Suggested Citation

  • Alexandru JIVAN, 2009. "Two Fallacies In Approching The Current Crisis," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 3, pages 85-103, May.
  • Handle: RePEc:aic:revebs:y:2009:i:3:jivana

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    economic crises; sustainable development; immaterial economy; productivity;

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development


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