Two Fallacies In Approching The Current Crisis

• Main Author: Alexandru JIVAN
• Format: Article
• Language: English
• Published: Sciendo 2009-05-01
• Series: Review of Economic and Business Studies
• Subjects: economic crises; sustainable development; immaterial economy; productivity
• Online Access: http://rebs.ro/resource/REBS_3/Research%20Paper/Alexandru_JIVAN_-_Two_Fallacies_In_Approching.pdf

Present study aims to reveal a few of the main perceptions and assumptions concerning economic activity, with implications in the nowadays’ crisis. The most important current anti-crisis views on causes of the crisis are synthesized and critically reviewed. Methodologically, their interpretation is made by the effects in practice, alleging a wide interdisciplinary approach, consistent with the requirements of the European concept of knowledge society. Thus, ideas are brought in the economic analysis in a heterodox approach, trying to go beyond certain standard economic routines and into modelling. The model comes from an approach on the material-immaterial difference and has an answer to the dilemma consumption vs. economizing. There result prerequisites for economic analysis, as well as conclusions in a pro-active approach of the matter, which are generally applicable to the crisis management at macroeconomic level, but with implications at the level of individual economic agent, too.