Theoretical and Applied Economics
No. 5 / 2009 (534)
The Liberty of the Crisis
„No obstacle has been as constant or as difficult to overcome as the incertitude and the confusion regarding the true nature of liberty. If it is true that certain hostile interests have brought great loses, then wrong ideas have been even more detrimental.”
The movement of ideas around the global crisis (meaning a moral one as well, alongside the economical crisis) tries to carve up material solutions in the name of the idea of liberty. In fact, for various - not always rational - reasons, the very content of freedom is being reloaded. The attempt is dissipated around the "for" or "against" options for regulation.
The confusion is one of principle: liberty is superimposed on the individually distributed will for power. The consequence of this confusion extends over the functions of the market, when the market is considered the infallible moderator of private interests in the match between their individual affirmation and their social confirmation.
Contents
About Crisis. A Short and Joyless Description
Modeling Multivariate Volatility Processes: Theory and Evidence
On the Logically Vivid System
Analysis of Main Economic Factors Influence on Romanian Tourists Number Accommodated in Romania, using Anova Method
A Simple Early Warning System for Evaluating the Credit Portfolio's Quality
The Economic Crisis and its Effects on SMEs