Archive lunare: June 2013
The Romanian economy is almost built around the state budget
Fiscal policy does not need to solve only the quantitative and, often, circumstantial problems of the budget, as it happened, unfortunately, until now, but rather to solve structural, profound problems of the economy. At the same time, in my opinion, structural reforms should mean more than professionalizing the management and cleaning the SOEs sector. Consolidating the
The crisis and the capitalism – from Marx to the “smart boys” on Wall Street
Before pretending to display economic realism, especially in the context of the recent economic crisis, left-wing politics should, first of all, understand the fundamental problem of the state, that is “to see” its natural, inherent limits. Because, as Ludwig Erhard, an artisan of Western Germany’s post-war revival, said, “the government is not a cow that is fed in Heaven and can be milked
The Myth of “the Efficiency Criterion” in Economic Science
“Efficiency” is the marvellous concept based on which almost all economists build their judgements and theories since forever. But the way in which the efficiency argument has been used explains many of today’s bad aspects. Using “the efficiency criterion” on state policies has insurmountable scientific limitations. Ignoring them, due to lack of knowledge or rather out of interest, easily led
