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Management Challenges - A Preview In Future Of Capitalism

Author

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  • MIHAESCU Liviu

    ("Lucian Blaga" University of Sibiu)

  • MIHAESCU Diana

    ("Lucian Blaga" University of Sibiu)

Abstract

The economic crisis comes in the context the deepest political crisis faced by the EU today. Economic catastrophe led to the strongest economic crisis since the '30s. Downturns were commonly explained using technical arguments, economic or financial reasons. Because they were discussed by experts in language often inaccessible, so often we face today and dangerous misunderstanding of the population crisis. When talking about economic crises tend to forget that they come in a political context, social and cultural. At the same time, how society reacts to the crisis is decisively influenced by the values it embraces.

Suggested Citation

  • MIHAESCU Liviu & MIHAESCU Diana, 2012. "Management Challenges - A Preview In Future Of Capitalism," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 62(3), pages 68-76.
  • Handle: RePEc:blg:reveco:v:62.3:y:2012:i:3:p:68-76
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/RE%203-62-2012.pdf
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    More about this item

    Keywords

    capitalism; management; cultural patterns; efficiency;

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • P11 - Economic Systems - - Capitalist Systems - - - Planning, Coordination, and Reform

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