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

Revista ŒCONOMICA

From the pages penned by Richard Cantillon in the 18th century (Essay on the Nature of Trade in General), to the refined reflections of Israel M. Kirzner (Competition and Entrepreneurship) and the contemporary analyses of Gerald O’Driscoll and Mario Rizzo (The Economics of Time and Ignorance), these three volumes, recently translated into Romanian under the auspices of the National Bank of Romania collection, follow a common thread: the attempt to understand how people act and adapt in a world of living economy, one of exchange and change. Cantillon sketches for the first time the silhouette of the entrepreneur and the market that shapes him; Kirzner highlights how competition transforms him into a discoverer of opportunities; and O’Driscoll and Rizzo add the dimension of time and uncertainty, where ignorance is not an obstacle, but the engine of adaptation to the surrounding reality.

ŒCONOMICA no. 1/2025

Book Review: From Cantillon and Kirzner to O'Driscoll and Rizzo – the collection of the National Bank of Romania, from Curtea Veche Publishing House, offers a triple journey into the history of economic thought

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