Freedom and regulatory intervention in the functioning of the economic system

Ion Popescu () and Doinita Liliana Popescu
Additional contact information
Ion Popescu: Dimitrie Cantemir Christian University, Faculty of Tourism and Commercial Management, Bucharest, Romania
Doinita Liliana Popescu: Dimitrie Cantemir Christian University, Faculty of Tourism and Commercial Management, Bucharest, Romania

The Annals of Dimitrie Cantemir Christian University. Economy, Commerce and Tourism Series, 2010, vol. 2, issue 1, 89-95

Abstract: Many specialists consider that at the base of the existing depression there is an improperly regulated financial system that points out severe weaknesses of the new liberalism. The existing world financial depression, especially its control points out the recurrent idea of the government intervention in order to provide the economic policies with more reason and pragmatism. That is why, among the contemporary economic mechanisms, there is a periodical change of the government intervention amplitude under the circumstances of maintaining the essential role of the market forces in resource allocation and stimulation of the entrepreneurial spirit. The essay points out some conclusions: non-existence of some economic “pure” systems; free market; pure and perfect market which is a fiction; the mixed economy in the modern meaning, the economy based on reality, which represents the real economic system where the mechanisms of the free market intermingle with the regulatory measures which refer to the state intervention in the economy.

Keywords: free market, mixed and command economy, economic performances, theoretical pattern of market economy, new liberalism (search for similar items in EconPapers)
JEL-codes: B40 B52 E60 K00 O11 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://management.ucdc.ro/revista/full%20text%202010/Full%20text-12.pdf (application/pdf)
http://management.ucdc.ro/revista/full%20text%202010/Full%20text-12.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dcc:adcect:v:2:y:2010:i:1:p:89-95

Access Statistics for this article

The Annals of Dimitrie Cantemir Christian University. Economy, Commerce and Tourism Series is currently edited by Emilia Pascu

More articles in The Annals of Dimitrie Cantemir Christian University. Economy, Commerce and Tourism Series from Faculty of Management in Tourism and Commerce Bucharest, "Dimitrie Cantemir" Christian University, Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by ( this e-mail address is bad, please contact ).