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The Present Global Economic And Financial Crisis A Mask For A More Profound Existential, Moral One?

Author

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  • Cheptea Madalina

    (The Academy of Economic Studies, Bucharest)

Abstract

Issues related to financial, economical crises are a constant preoccupation for specialists in economics and in other areas of expertise but also for common people that have to face crises in the same way companies and enterprises do. Each crisis is unique in its own way and the effects crises have on economy, politics, environment, and people in general are sometimes ravishing. There is no recipe to predict crises or the way they will manifest and there are no two crises alike, but the latest researches in the area relate crises with the value scale human-beings have, scale that has completely deteriorated during the last century. Human-beings and their needs have to become the centre of research and interest and economy must function for people and in their good interest. The current economic and financial crises is in fact a moral crises caused by dehumanization and loss of interest in others, by focusing on our own goals no matter what sacrifices are made around us to achieve them, or the costs that others have to pay for the welfare of those interested.

Suggested Citation

  • Cheptea Madalina, 2012. "The Present Global Economic And Financial Crisis A Mask For A More Profound Existential, Moral One?," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 133-136, March.
    • Handle: RePEc:cbu:jrnlec:y:2012:v:1:p:133-136
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    References listed on IDEAS

    as
    1. Honohan,Patrick & Laeven,Luc (ed.), 2005. "Systemic Financial Crises," Cambridge Books, Cambridge University Press, number 9780521851855.
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    3. Tirole, Jean & Bénabou, Roland, 2000. "Self-Confidence & Social Interactions," CEPR Discussion Papers 2579, C.E.P.R. Discussion Papers.
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