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From Amoral Financial Markets To The Sustainable Development

Author

Listed:
  • Titus SUCIU

    (Department of Finance, Accounting and Economic Theory, Faculty of Economic Sciences and Business Administration, Transilvania University of Brașov)

  • Adriana Veronica LITRĂ

    (Department of Finance, Accounting and Economic Theory, Faculty of Economic Sciences and Business Administration, Transilvania University of Brașov)

Abstract

The current work gives an overview of the evolution of liberalism, the dominating current trend. The authors show that it does not hold the truth in economy because of both financial and democratic slippage. That is why they submit the model of the Sustainable Development where emphasis is put on the real economy which has turned into an economy for everyone and of all the stakeholders, based on the commitment to the community life. If liberalism promotes the interests of the transnational companies, the Sustainable Development focuses on citizens and on their involvement into the life of the city. That is how the triad is formed: transnational companies-state-community, where the citizen holds the central role, directly involved locally.

Suggested Citation

  • Titus SUCIU & Adriana Veronica LITRĂ, 2017. "From Amoral Financial Markets To The Sustainable Development," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 13, pages 57-63, May.
    • Handle: RePEc:cmj:seapas:y:2017:i:13:p:57-63
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    More about this item

    Keywords

    Liberalism; Sustainable Development; Cooperative Economy; Life Community;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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