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Economics Of Crisis Versus Crisis Of Economics

  • Mihaila Raluca

    ()

    (Faculty of Economics, The Academy of Economic Studies, Bucharest, Romania)

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    My paper aims in bringing on the table the concept of economic irrationality together with the lack of regulation and a pressure groups scenario, all of the three being the perfect recipe for a crisis, as the most recent has just demonstrated. I am trying, on one hand, to bring arguments with regards to the necessity of a complete reinterpretation of Economics and on the other hand, to put a special emphasis on our memory and of the recent history as able to give us the right perspective on how not to act if a crisis and of what to expect if doing so. We have examples in the past, we only need to open our eyes and not think we can reinvent cold water.

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    File URL: http://www.rebe.rau.ro/RePEc/rau/jisomg/SP12/JISOM-SP12-A14.pdf
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    Article provided by Romanian-American University in its journal Journal of Information Systems and Operations Management.

    Volume (Year): 6 (2012)
    Issue (Month): 1 (May)
    Pages: 150-161

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    Handle: RePEc:rau:journl:v:6:y:2012:i:1:p:150-161
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