Theoretical and Applied Economics
No. 3 / 2013 (580)
The sensitive symmetries
„The participative symmetry - to both the effort and to the effect -of the factors and agents is not an ideological pretence, but the primary condition of the natural purpose of economicity.”
Today's crisis has highlighted the Economics users' predisposition to neglect the signalling formulas which are specific to the fundamentals. In fact, as it stands the crisis is the result of these signals not being taken into consideration. The most serious offense was the ignoring of correlations and proportionalities. It is known that the correlative grid between the elements located deeper in the generic substrate of economicity is built on the tensed binomial of the human condition and of human nature. Their fields of competence are found in a structural conjunction, conditioning each other in accordance with the specific patterns of the complex systems wherein learning is a self-corrective function. Particularly, the crisis is the distinct consequence of failing the lessons of past evolutions.
Contents
Sustainability of the public debt and the financial crisis
The lending channel and budget balance: empirical evidences from Central and Eastern European economies
Heterogeneous capital and consumption goods in a structurally generalized Uzawa’s model
Differences between the nominal values of the gross domestic product and the provisional and semi-final variant
Forecasting the variance and return of Mexican financial series with symmetric GARCH models
Meanings and spreading patterns of the “positive” concept in economic thought
Implications of the single supervisory mechanism on ECB's functions and on credit institutions' activity
Analysing movements in investor’s risk aversion using the Heston volatility model
The labour market in the post-crisis economy: the case of Spain
Liberalisation and regulation in the financial crisis – is behavioural economics a solution?