Through globalization, the world economic system acquires properties and features that its component parts or subsystems had not previously; as the economic, social and political interdependencies amplify it occurs an aggregation of national markets into a single unit, which causes an increase...

The history of ethics is an essencial part of the history of philosphy. Utilitarianism is an abstract ethical doctrineat the core of which lie the concepts of pleasure and pain. This approach to normative ethics may be regarded as England’s most prominent contribution to the development of the...

As one of the most debated economic concepts, with the biggest egos caused both in theory and in practice, but also one of the oldest realities, historically speaking, of the human society, it was inevitable that the money be portrayed us in different instances, depending on the emphasis on its...

Analysis of Savings in the Classics View

The paper aims to contribute to the building of a more realistic understanding of the new born field of behavioral economics, based on a (fragmented) historical perspective of the psychological influences that can be traced in representative works from important economists. Exploring the theory...

The aim of this paper is to demonstrate that the economical model of thinking developed by Hayek can be verified through the game theory and theory of network. The model of Hayek involves the individual freedom as implicit condition for spontaneous order and economic activity. We have verified...

The present article focuses on the international echo enjoyed by the writings of Gromoslav Mladenatz (1891-1958). He was in the interwar and immediate postwar period a distinguished professor at the Commercial Academy of Bucharest, a research fellow and mentor in the field of co-operation. His...

The ever augmenting climate debate nowadays sent us back on the field of research to one of the first economists that truly understood the devastating effects of human activity over our planet – no other than the founding father of bioeconomics, Nicholas Georgescu-Roegen. Reflecting upon all...

The paper focuses on Manoilescu’s nomination as a Professor of Economics, Organization and Rationalization at the Polytechnic School of Bucharest in 1931 and his dismissal in 1944. The biographical sources include the archives of the institution.

In this paper we try to evaluate, through critical analysis, the process of mathematic modeling used within economics. The paper aims to underline the importance of mathematic modeling within economics, but also to point aut that the current modeling of the economic process is not one of the...