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Richness and poverty are inside us


  • Constantin POPESCU
  • Alexandru TASNADI
  • Nilgun ISMAIL

    (The Academy of Economic Studies, Bucharest, Romania)


In accordance with a new paradigm, the authors named it „healthy whole common living”, that includes the significance of both concepts, as living spirits of human biology inside the frame of institutional, social and educational biology. From this point of view, wealth and poverty, employment and unemployment, inflation and crisis, etc. as phenomena of the living world have their causality roots inside the nature and society, „US”, inside the way how we react to what happens to us or around us. Through the concept of „US” we characterize the inside of human nature, as homeostasis of our behavior, inside the communities where we live, organizations where we work, families that we love and institutional environment where we act. Also, in the concept of US”, we incorporate the environment where we survive, fight or and /adapt. The interaction of these living subsystems make the system of „US”, as the whole living common, where each of us and together we can undertake the liberties that make wealthy or poverty that fulfill life, as lived life, work and love. Human wealth and poverty are, in our opinion, liberties that we reached with our wisdom and awareness, from the point of view of the fulfillment of three human life imperatives. They do not drop from heaven, they are not the result of human will, but they are the product of our awareness of human life sense in society.

Suggested Citation

  • Constantin POPESCU & Alexandru TASNADI & Nilgun ISMAIL, 2009. "Richness and poverty are inside us," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 43-76, December.
  • Handle: RePEc:cbu:jrnlec:y:2009:v:3:p:43-76

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    References listed on IDEAS

    1. Jérôme Creel* & Sandrine Levasseur, 2007. "Monetary Policy Transmission Mechanisms in the CEECs: How Important are the Differences with the Euro Area?," The IUP Journal of Monetary Economics, IUP Publications, vol. 0(1), pages 30-59, February.
    2. Balazs Egert & Ronald MacDonald, 2006. "Monetary Transmission Mechanism in Transition Economies: Surveying the Surveyable," CESifo Working Paper Series 1739, CESifo Group Munich.
    3. Mojon, Benoît & Peersman, Gert, 2001. "A VAR description of the effects of monetary policy in the individual countries of the euro area," Working Paper Series 0092, European Central Bank.
    4. Peersman, Gert & Smets, Frank, 2001. "The monetary transmission mechanism in the euro area: more evidence from VAR analysis," Working Paper Series 0091, European Central Bank.
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