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Consumption or Production? That Is the (Economic) Question


Happily, in economics one can’t have Hamletian dilemmas, as they are either inconsistent with respect to economic logic, or completely unproductive beyond it. When it comes to economic policies, in those rare cases where these policies are not redistributive, there exist two options, according to the way in which the government chooses to support economic recovery: by

Prices, Costs and Excise Duties: What’s What?


Inevitably, in any tax analysis, we would refer to prices and costs, salaries and production, prosperity etc. It is well known, although ultimately unjustified, the opinion that increasing indirect taxation, especially excise duties, will be reflected by prices and, further on, by inflationary escalations. This is the recent situation of the debate on the 7 eurocents that will be added to fuel excise

Capitalization for Businesses: Non-Taxation of Reinvested Profits


In some scenarios, agriculture and energy would be the strategic sectors that could bring a stronger economic growth in Romania. But, since always, and usually, the constant strategy of economic progress should be the profit, obtaining it, because beyond (strategic) circumstantial computations, the profit – as an economic principle and a state of affairs – is the engine that fuels

Where Does the Economy Suffer: the Institutional Quality of the Business Environment


Most of the times, economic performance is associated with a financial-quantitative context, which decadently captures the postmodern moral with respect to capital accumulation and business success: who invests money has success and vice-versa. Rarely this debate comes down coherently to the foundations of economic logic. Because who has time to discern on capital

The Crisis and the State: from European Realities to Institutional Imperatives


Anchored, by definition, in the logic of budget balance, the Victorian fiscal morality became today, in contemporary democracy, worthy to be displayed in the museums of economic history. Nowadays, the Keynesian doctrine – in its original version or in its reloaded post-crisis version – established a true status quo of budgetary deficits and public debts. Overwhelmed by the