Fundamental Causes of Financial and Economic Crisis and Its Overcoming The Logical Core of Market Economy: How We Subvert It
Journal Title: Annals of "Dunarea de Jos" University - Fascicle I. Economics and Applied Informatics - Year 2011, Vol 0, Issue 1
Abstract
The article deals with the fundamental methodological and theoretical ideas of market economy. The logical core of the market economy (ME) and its functioning is briefly described. From these logical bases of ME basic principles of its right functioning are deduced and from there is deduced how the contemporary practice of ME and market society disturbs, subverts these principles. The consequence of such disturbing of the logical core of the ME could be its partial and even total collapse. The current financial and economical crisis is a warning example. It is necessary to implement and to restore in practice fundamental principles of market economy in order to resort present crisis and to avoid future great - even fatal risks. And this will be mainly the role of the states and international institutions.
Authors and Affiliations
Vladimir VRECION
Keywords
Related Articles
- EP ID EP108111
- DOI -
- Views 100
- Downloads 0
A Model to Improve the Quality Products
The topic of this paper is to present a solution who can improve product quality following the idea: “Unlike people who have verbal skills, machines use "sign language" to communicate what hurts or what has invaded the...
Cluster Economic Performance Concept – Present Experiences and Future Developments
Cluster-based economic development has become an increasingly popular topic for researchers and economic development professionals. Clusters are groups of companies and institutions co-located in a specific geographic re...
The Origins of the Global Financial Crisis and Its Impact on Romanian Economy
Asymmetric information theory says that individuals who cooperate in different situations have different levels of knowledge on a subject. The main role of a financial system is to direct funds to individuals and compani...
Risk Analysis of the Romanian Banking System – an Aggregated Balance Sheet Approach
The paper presents a risk analysis for the current Romanian banking system. The analysis is conducted from the point of view of prudential rules and also from the point of view of Romanian banking system’s exposure to fo...
The Role of Ontologies for Designing Accounting Information Systems
The accounting ontologies were conceptualized as a framework for building accounting information systems in a shared data environment, within enterprises or between different enterprises. The model’s base feature was an...