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

Octavian-Dragomir JORA

Academia de Studii Economice din Bucureşti

The lesson of crisis in economy, if we could condense it into a single idea, would sound like this: when private property gets mixed with illusion and fraud, the societal order becomes a tensed experiments system, both discretionary and costly. This is, in fact, the interventionism’s essence, as opposed to (or as deviation from) the private property order, in a jus-naturalist sense. Micro-economically split into types of policies and tools, we understand that, by its actions, interventionism rather harms the creation of wealth and general prosperity, installing a moral hazard type of tension between expropriators and expropriated, with parasitic effect on the rational management of the scarce resources’ reality. But only when political ideology substitutes the economics theory, interventionism evolves into an autoimmune vector of structural instability.

ŒCONOMICA no. 1/2011

Keywords: private property, crisis, market, state, economics theory, political ideology, social democracy, conservatism

JEL: B13, D60, G01, H11, P43, Z13

O “sociologie” a crizei actuale: de la social-democraţia “subprime”-lor, la conservatorismul tip “too big to fail”

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