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No. 3 / 2026 — Autumn

Peer-reviewed articles in economics, finance, public policy, and sustainable development.

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Theoretical and Applied Economics
No. 9 / 2007 (514)

Political Economy

„We live in a period in which the specialists in macroeconomics come up with new hypotheses on the mechanisms which govern the economy and are look to formulate a new paradigm... Pluralism represents the best solution, its periodic manifestations being unavoidable anyway.”

Edmund S. Phelps

Economic research is most often stirred by political ideologies. Just for the fact that it has to search for answers to problems complicated in their evolution by political decision, the research positions the diagnosis at the limits of reality and, more often than not, beyond these. Somewhat symptomatic,

economic research is a prisoner in the court of politics.

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