Revista OEconomica

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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

Matei Alexandru APĂVĂLOAEI

Academia de Studii Economice din Bucureşti

This paper is going to argue that economic integration is a distinct phenomenon from political integration and that the latter can only impede the first. On the one hand, economic integration is best understood as an extension and intensification of the division of labour, which, in the absence of any political barriers that artificially separate two regions, will be pushed to their praxeological limits by entrepreneurs seeking profit. On the other hand, we will argue that political integration is a manifestation of political cooperation among political entrepreneurs that operate in different territories in order to limit international political competition. Because political integration reduces the stringencies that constrain the actions of political entrepreneurs, it should be seen as representing a factor that acts against economic integration, not one that is conducive to it.

ŒCONOMICA no. 1-2/2018

Keywords: praxeology, economic integration, political integration, praxeological theory of politics, counterfactual, political entrepreneurship

JEL: B53, F15, F50

Economic and Political Integration: Does One Require the Other?

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