ECONOMICS OF CRISIS VERSUS CRISIS OF ECONOMICS

Mihaila Raluca ()
Additional contact information
Mihaila Raluca: Faculty of Economics, The Academy of Economic Studies, Bucharest, Romania

Journal of Information Systems & Operations Management, 2012, vol. 6, issue 1, 150-161

Abstract: My paper aims in bringing on the table the concept of economic irrationality together with the lack of regulation and a pressure groups scenario, all of the three being the perfect recipe for a crisis, as the most recent has just demonstrated. I am trying, on one hand, to bring arguments with regards to the necessity of a complete reinterpretation of Economics and on the other hand, to put a special emphasis on our memory and of the recent history as able to give us the right perspective on how not to act if a crisis and of what to expect if doing so. We have examples in the past, we only need to open our eyes and not think we can reinvent cold water.

Keywords: crisis; irrationality; financial system; substandard securitization (search for similar items in EconPapers)
Date: 2012
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.rebe.rau.ro/RePEc/rau/jisomg/SP12/JISOM-SP12-A14.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:rau:jisomg:v:6:y:2012:i:1:p:150-161

Access Statistics for this article

More articles in Journal of Information Systems & Operations Management from Romanian-American University Contact information at EDIRC.
Bibliographic data for series maintained by Alex Tabusca ().