Theoretical and Applied Economics
No. 2 / 2012 (567)
The Need of a New Economic Model
Bucharest Academy of Economic Studies
Abstract. The current global economic crisis has proven to be unpredictable for most decision-makers worldwide. Moreover, beliefs deeply embedded in the minds of economists about economics, about the virtues of capitalism and free market began to falter. Sooner or later the current crisis will end. The problem that arises and to which the economic science must answer is whether anything should be changed in the current world economic order and especially what exactly. It is quite vital to ask ourselves today in what kind of society we want to live and whether the current economic model, a model mainly based on monetarist ideas, is helping us to achieve those wishes. In addition to analyzing the root causes that led to the current economic crisis, this article aims to analyze whether the current economic model must change and to outline the features of a possible new model.
Contents
Quantitative vs. Qualitative in the Romanian Fiscal Adjustment
Amplification Effects and Unconventional Monetary Policies
Theoretical considerations about implementation of IAS 41 in Romania
Migration and Tourism Demand
Current Research on Flexibilizing the Labor Market – first part –
Crisis: a Return to Rationality
Assessing the Sectoral Dynamics of Non-performing Loans: Signs from Financial and Real Economy
Globalism and Corporate Identity in the Post-crisis Economy
New Approaches for Monetary Policy
The Need of a New Economic Model