LESSONS LEARNT FROM THE CURRENT ECONOMIC CRISIS. TOWARDS A CENTRIST PERSPECTIVE IN ECONOMICS

Mircea Saveanu

Revista Economica, 2012, vol. Supplement, issue 1, 734-740

Abstract: Briefly discussing the mechanics of the 2008 economic crisis in the US, and the events unfolding thereafter, this paper seeks to bring a new perspective to the vast literature that has been created on this topic. The research goals were to show that there have been mistakes made on either side, government or market-side and that a more balanced view towards these two forces could have prevented such a crisis from happening. Conclusions suggest that a centrist perspective on economics could conciliate these two, apparently antagonistic principles, and in the process, lessen the number of crisis.

Date: 2012
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