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Theoretical and Applied Economics
No. 7 / 2011 (560)

The Decline of Modernity

„The paradigm of rationalized materialism, as an expression formaking progress economical which has reached the stage where the increase of wealth is pursued at any cost, has depleted its consistency; the global crisis representing the point of collapse of the economic systems which were generated by the first modernity.”


The pervading feeling today, especially among economists, is that the direction taken by scientific research is a debatable one. The voluntary restraining of thematic fields to the mainstream theory's sphere of significance, in order to insure guarantees when certifying relevance, and the creation of exclusive circuits for presenting the results of research, in order to obtain acceptance in the field of information, are the practices most suspected of negative consequences. Associating these means with the one for recognizing the performance of various careers, as it happens in academic education, complicates even more the negative perception, despite a certain voluntary conformation. This is because, even though sociologically argued, that which is considered the right of a scientific community to standardize understanding and to validate explicative models has become a mean for supporting the exclusivism of a theory or of a trend in research.

Contents

The Decline of Modernity
Marin Dinu
1

Characteristics of Criteria for Selecting Investment Projects under Uncertainty

Dan ARMEANU · Adrian ENCIU · Dorina POANTA

2

Online Services Management Support for an Intelligent Locality

Lorena BĂTĂGAN · Adrian POCOVNICU

3

The Meanings of “Made in Romania” among the Romanian Consumers

Cătălin Mihail BARBU

4

Forms and Strategies of the Banks to Enter on a Foreign Market

Nicoleta HURDUC · Alin NIŢU

5

Effects of Macroeconomic Variables on the Stock Market: The Case of the Czech Republic

Yu HSING

6

The European Recovery Economic Plan and Quality of Public Finances – Instruments for Monitoring and Improving Fiscal and Economic Systems

Mircea SOROCEANU · Carolina Daniela LUPAŞCU (SOROCEANU)

7

An Optimization of the Risk Management using Derivatives

Ovidiu ŞONTEA · Ion STANCU

8

Towards to the Respiritualization of the Economics

Constantin POPESCU · Mihaela COMĂNESCU

9

Financial Crisis from the Trust and Loss Aversion Perspective in Emerging Romanian Capital Market

Antoniade-Ciprian ALEXANDRU · Nicoleta CARAGEA

10

The Contribution of the Neo-Schumpeterian Approach to the Development of the Economic Theory: Emphasis on the Meso-Economic Level

Radu HERMAN · Remus AVRAM

11

Dobrogea as Romanian Tourism Micro-destination

Aurelia-Felicia STĂNCIOIU · Nicolae TEODORESCU · Anca-Daniela VLĂDOI · Ion PÂRGARU · Daniel MOISE

12

The Rethinking of the Economic Activity Based on Principles of Eco-Efficiency

Daniela VÎRJAN

13

The Correlation between the Conceptual System of the Political Economy and that of the Accountancy – a Solution for Reducing the Risks Connected to the Administration Activities in any Stage of the Economic

Aurelian Virgil BĂLUŢĂ