Fundamental Causes of Financial and Economic Crisis and Its Overcoming. The Logical Core of Market Economy: How We Subvert It

Vladimir Vrecion ()
Additional contact information
Vladimir Vrecion: University of Prague and Zlín, Prague 5, Strnady 49, Czech Republic

Economics and Applied Informatics, 2011, issue 1, 77-80

Abstract: The article deals with the fundamental methodological and theoretical ideas of market economy. The logical core of the market economy (ME) and its functioning is briefly described. From these logical bases of ME basic principles of its right functioning are deduced and from there is deduced how the contemporary practice of ME and market society disturbs, subverts these principles. The consequence of such disturbing of the logical core of the ME could be its partial and even total collapse. The current financial and economical crisis is a warning example. It is necessary to implement and to restore in practice fundamental principles of market economy in order to resort present crisis and to avoid future great - even fatal risks. And this will be mainly the role of the states and international institutions.

Keywords: Free market; Financial crisis; Economical crisis; Methodological analysis; Free exchange; Information; Symmetry; Risk; Overcoming of crisis; Long-range forecast (search for similar items in EconPapers)
JEL-codes: A11 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.ann.ugal.ro/eco/Doc20011_1/Vladimir_Vrecion.pdf (application/pdf)

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:ddj:fseeai:y:2011:i:1:p:77-80

Access Statistics for this article

More articles in Economics and Applied Informatics from "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Gianina Mihai ().