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Economics Of Crisis Versus Crisis Of Economics

Author

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  • Mihaila Raluca

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

Abstract

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.

Suggested Citation

  • Mihaila Raluca, 2012. "Economics Of Crisis Versus Crisis Of Economics," Romanian Economic Business Review, Romanian-American University, vol. 6(1), pages 150-161, May.
    • Handle: RePEc:rau:journl:v:6:y:2012:i:1:p:150-161
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    File URL: http://www.rebe.rau.ro/RePEc/rau/jisomg/SP12/JISOM-SP12-A14.pdf
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