Theoretical and Applied Economics
No. 7 / 2007 (512)
The Political State
„Nowhere is freedom more important than where our ignorance is greatest - at the boundaries of knowledge, in other words,where nobody can predict what lies a step ahead.”
Economics lies between two limits of sense: the non-rational fundamentals of the problems and the political consistency of the solutions. When contriving its content, the Economy does not operate with measures testable in the order of their certitude, and when it has to finalize the solution it gives way to political decision.
Nor at the micro or macro levels do things order differently. The solutions to the problems of production and of the producer or of consumption and of the consumer are preeminently subjective, as are the solutions to the problems of resource allocation, transfers, investments, exchange etc.
Contents
Mihail Manoilescu – Inspirational Even when He Is Not Right
Shrinking Bureaucracy
The Estimation of the Cointegration Relationship between the Economic Growth, Investments and Exports. The Romanian Case
Methodological Aspects Regarding the Process of Estimating the Reserve for the Un-cleared Damages
A Transnational Analysis – Two Models: Migration and Employment across Europe. Academic Qualifications and Labor Market Needs
Challenges of the Harmonization Process of the Fiscal Policies at the European Union Level
Techniques of Turnovers’ Evolution and Structure Analysis Using SQL Server 2005
Real Options in Capital Budgeting. Pricing the Option to Delay and the Option to Abandon a Project