Articles
Euro is Dead, Long Live the Euro! On the Euro-economic Salvation of the EU
The crisis has revealed the vicious circle that the euro would have faced anyway, sometimes in the future. The reasons why some are condemning the euro are, in fact, the reasons why it should be saved. But saving the euro at all costs – “whatever it takes”, in the terms of Mario Draghi – would actually mean the failure of the common currency. If the euro won’t succeed in imposing the
“The Recent Economist”: Between Scientific Relativism and the Recourse to Ethics
In society’s evolution, ideas are the essential ferments of any change. There are no implacable laws of history and the future is not written in the stars or, to the “delight” of (macro) contemporary supporters of quantitative approaches, in the cyber-economic models that became the sterile fashion of economics journals – where exactly ‘economics’ is the endangered scientific
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
