IDEAS home Printed from
   My bibliography  Save this article

Încalzirea globala si analiza economica: o perspectiva heterodoxa asupra pietei


  • Valentin Cojanu

    () (Bucharest University of Economics, Romania)


Sympathetic with similar concerns raised by academics outside the economics realm as well, the paper suggests that the application of economic principles centred on the ‘market’ mechanism reveals a poor understanding of the actual organisation of economic life. The present inquiry takes on this conspicuous feature of standard economics the more so this mindset is increasingly applied to matters which predominantly involve moral choices. And the issue of climate change is just such a case in the study of green economics. This investigation adds to the existing research supporting arguments of the view that the 'market' mindset plays a controversial role in devising feasible policy recommendations and complements it with factual data based on the search for market solutions in the economics of climate change. The main argument is developed along the representations of the ‘market’ metaphor in its perfect— market-clearing—and imperfect—market failure—variants. The paper concludes with the observation that people should take care for the environment, but not as a result of cold calculations about the welfare of future or present generations, but for its intrinsic values, like repugnance of waste and consumerism, or the empathetic care for other beings’ fate.

Suggested Citation

  • Valentin Cojanu, 2008. "Încalzirea globala si analiza economica: o perspectiva heterodoxa asupra pietei," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 11(28), pages 3-22, (2).
  • Handle: RePEc:rej:journl:v:11:y:2008:i:28:p:3-22

    Download full text from publisher

    File URL:
    Download Restriction: no


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rej:journl:v:11:y:2008:i:28:p:3-22. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Radu Lupu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.