Revista OEconomica

Tudor Constantin BĂLAN - Cycles of Freedom: Are Our Rights Today Permanently Secured, or Are We in a Transitional Phase? The Cases of Great Britain, the United States, and Russia

Marius-Cristian PANĂ, Adela BĂLAN - Economic Freedom and Prosperity: A Comparative Analysis of Welfare Determinants at the International Level

Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Silviu CERNA

Universitatea de Vest din Timişoara

The global crisis brought about the revival of a debate almost as old as economics itself: the relationship between the State and the market. From W. Petty, F. Quesnay and A. Smith to J. M. Keynes, L. von Mises, F. Hayek and M. Friedman, all the great economists of the world expressed their opinion regarding this important subject. Without detailing the argumentation of various positions, it can be said that there are five main doctrinal orientations, with as many corresponding forms of political action – classical liberalism, welfare state, Keynesianism, direct interventionism, neo-liberalism – each expressing a certain attitude towards State presence in the economy, whether or not the latter is facing a crisis, such as the present global one, or not.

ŒCONOMICA no. 1/2010

Keywords: free market, State interventionism, economic crisis, financial regulations

JEL: G01, P51

Criza şi reglementările financiare

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