Tag Archives: Calcul economic
The Currency and the Monetary System
From all the issues and areas the economic science deals with, only a few are more debated than the monetary aspects. We face fierce controversy everywhere: when and to what extent are “cheap money” or “expensive money” better? are there any economic responsibilities a central bank has to carry on and why? what is the optimal money supply for the economic system?
“The Epic” of Oltchim: Finding the Alternative?
After more than two decades of transition, formal reform cycles (of a capitalist nature?), transplantation of policies unanimously declared à la Washington Consensus, European and Atlantic accessions, here we are, back to our origins, meaning back to the socialist industry that fed, apparently not a long time ago, economic nationalisms and patriotic egos. “The epic” of Oltchim,
Economic Calculation Reloaded: “the Economy” of the Public Sector
The argument of the economic calculation does not magically vanish once we leave the institutional realm of socialism, I’d say on the contrary. In every economy considered nowadays, with frequent excesses of vocabulary generosity, a “free market” economy, there exist many instances in which the resource allocation faces totally different exigencies from those specific to
