Two Fallacies In Approching The Current Crisis

Alexandru Jivan
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Alexandru Jivan: West University of Timisoara, Faculty of Economics and Business Administration, Interdisciplinary Platform “Nicholas Georgescu-Roegen”

Review of Economic and Business Studies, 2009, issue 3, 85-103

Abstract: Present study aims to reveal a few of the main perceptions and assumptions concerning economic activity, with implications in the nowadays’ crisis. The most important current anti-crisis views on causes of the crisis are synthesized and critically reviewed. Methodologically, their interpretation is made by the effects in practice, alleging a wide interdisciplinary approach, consistent with the requirements of the European concept of knowledge society. Thus, ideas are brought in the economic analysis in a heterodox approach, trying to go beyond certain standard economic routines and into modelling. The model comes from an approach on the material-immaterial difference and has an answer to the dilemma consumption vs. economizing. There result prerequisites for economic analysis, as well as conclusions in a pro-active approach of the matter, which are generally applicable to the crisis management at macroeconomic level, but with implications at the level of individual economic agent, too.

Keywords: economic crises; sustainable development; immaterial economy; productivity (search for similar items in EconPapers)
JEL-codes: E20 O14 O49 Q01 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aic:revebs:y:2009:i:3:jivana

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