THE POLITICAL PHILOSOPHY AND THE POLITICAL ECONOMY OF PUBLIC REGULATION. AN APROPOS ON THE ULTIMATE CAUSE OF THE CURRENT CRISIS

Octavian-Dragomir Jora () and Alexandru Butiseacă
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Alexandru Butiseacă: Romanian-American University

Romanian Economic Business Review, 2010, vol. 5, issue 4-1, 23-31

Abstract: In this paper we will briefly comment on the political philosophy (that is, considering the relationship among various types of normative judgments – as those of moral, ethic, legal nature) and on the political economy (that is a critique of interventionist policies, in a means-ends dialectics) of the regulatory setup orchestrated by public authorities. We will analyze them given their particular nature (State-made endeavors, where the State is the social apparatus of legal, but not necessarily rightful, coercion and compulsion), and emphasizing the necessary qualitative outcomes derived from their very nature; and, finally, providing a possible way of rethinking the regulation-driven or deregulation-driven crisis dilemma.

Keywords: ethics; economics; regulation; deregulation (search for similar items in EconPapers)
Date: 2010
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