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Tag Archives: Criză economică

In economic policy, policymakers must learn from previous mistakes


surselecresteriiIt is important that policymakers are aware of previous mistakes and responsible when it comes to economic policy. In the economy, resources are limited, and that’s the reason why we can’t afford to have all at once. National fiscal policies, although they benefit from Parliament’s support, are sometimes against the rules of fiscal governance, which were also adopted by the

Euro is Dead, Long Live the Euro! On the Euro-economic Salvation of the EU


breaking-up-is-hard-to-do-but-investors-can-cushion-themselves-against-a-euro-collapse-285x280The 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 Paradox of Modernity: Anti-capitalists against the System


The economic crisis opened a new trend in political and economic debates, one in which it is ‘cool’ to be “against”: against the market, against capitalism, against the economy. This is a popular form of revolt against the system although, if we take as example ‘Occupy Wall Street’, it is easy to understand how far from their goal are the anti-capitalists who protest against the system.

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

The Crisis and Capitalism: from Marx to the “Smart Guys” on Wall Street


The recent crisis brought a new trend in economic and political debates, one according to which it is “cool” to be anti-, anti-market, anti-capitalism, anti-economy. Some kind of paradox of modernity, meaning a popular form of anti-system revolt, although if we take into consideration the “Occupy Wall Street” phenomenon, even only as a simple illustration, it is easy to