The Health of the Economy as a Living Organism

Constantin Popescu and Cristina Burghelea
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Constantin Popescu: The Bucharest Academy of Economic Studies
Cristina Burghelea: “Hyperion†University, Bucharest

Theoretical and Applied Economics, 2010, vol. 2(543), issue 2(543), 79-88

Abstract: According to “the health of the common living whole†, economy is a living organism, part of the human society, with which it is integrated in our microcosm environment. As organic component of the living, economy has as a viability criterion of its sense evolution the health of economic life which is in direct compatibility with human health, environment, communications, organizations, families and institutions. Flexibility, interrelating, the dynamic interdependencies and integration form the defining features of the living system of economy, able to self-organize through self- support and self regulation. A healthy economy is an efficient economy, with high productivity and competitiveness. Inverse relationship is not always true.

Keywords: economic organism; flexibility; healthy growth; dynamic equilibrium. (search for similar items in EconPapers)
Date: 2010
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