Theoretical and Applied Economics
No. 5 / 2011 (558)
The Fall of Hierarchical Systems
„The hierarchical control of power has failed as a generator of wealth, the hierarchical control of wealth is starting to show signs of failure in realizing the access to power.”
Among other challenges thrown by capitalism which have not received a rational answer there is truly fundamental one: are economic crises a part of the essence of the system? The mechanical perception of the problem may explicitly suggest the interpretation of the challenge; which means that the capitalist system - as a societal formula of organization interested in attesting the truth on the path of efficiency - should not go through recursive stages of near-crisis. The base of this positive construction, capitalism, a developer of efficient order in the form of the accumulation of the specific substance called wealth, would never know cyclicity but only progress.
Contents
Model for the Assessment of the Effectiveness of the Banking Supervision Activity
The State and the Economy – Theoretical Aspects and Empirical Evidence for the EU
Fiat versus Representative Money under Debate, or How Right Keynes Was Once (!)
Education and Employment in Sub-Saharan Africa: Some Evidence from Senegal
Bayes-Nash Equilibrium and Game Theory in Public Expenditure Management
The Economic Crisis and Several Effects on Global Economy
Tourism as a Factor in Economic Recovery
Economic Science and Postmodernism: Ethics Return
Romanian Economic Environment Entrepreneurial Activities Analysis and Risk Evaluation
Transylvania – Romanian Tourism Micro-destination
The Crisis of Economic Theory in the Middle of the Economic Crisis