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THE REAL AND FINANCIAL–MONETARY SECTOR FROM NEOCLASICISM TO KEYNESIANISM. SOME CONSIDERATIONS REGARDING THEORETICAL PRINCIPLES

Alexandru Olteanu and Madalina Antoaneta Radoi
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Alexandru Olteanu: "Nicolae Titulescu" University from Bucharest, Romania
Madalina Antoaneta Radoi: "Nicolae Titulescu" University from Bucharest, Romania

New Trends in Modelling and Economic Forecast (MEF 2011), 2012, vol. 1, issue 1, 28-32

Abstract: The cyclic evolution of world economy in the 19th and 20th centuries and also at the beginning of the 21st century is mirrored by the economic crises of raw materials, finance and currency and it generates serious dysfunctions between the real and financial sector.These dysfunctions form the basis of certain theories that are still largely tackled as a consequence of the fact that they have to solve the contradictions that these crises generate. The present paper aims to advance general considerations regarding the principles which might balance the functionality of the real sector and the financial and monetary sector by establishing similarities between them.

Keywords: real exchange economy; monetary economy; capital demand and supply curves; economic crises; financial crises; Keynesian clasicism and neoclasicism (search for similar items in EconPapers)
Date: 2012-01
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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntumef:vol1-iss1-12-028

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