The premise from which we start is that the main cause of economic crises is the constant attempt to create, what Georgescu-Roegen called, "entropy of contraband." The phrase refers to a fictional creation of an energy that does not exist. To prove this we describe the major crises that have hit...

This paper explores the economic growth of Romania in three periods: the last decade of the communist regime (1980-1989), the transition from a centrally planned economy to a market economy (1990-2006) and the seven years that followed the adhesion to European Union (2007 – 2013). We approach...

Despite theoretical and methodological improvements by national accounts framework revisions, not without disputes and confrontations of views, the growing complexity of economic and social phenomena under globalization circumstances has led to increasing difficulties in the design, monitoring...

Romanian Abstract: Această lucrare studiază creşterea economică a României în cursul a trei perioade: ultimul deceniu al regimului comunist (1980-1989), tranziţia de la o economie centralizată la una de piaţă (1990-2006) şi cei şapte ani care au urmat aderării la Uniunea Europeană...

The purpose of this paper is to present, in a general, non exhaustive manner, a diachronic relationship the macroeconomic phenomenology of Kondratieff cycles and higher education –targeted reforms. Historical evidence presented by the speciality literature show that these reforms have occured...

This paper try to study the arrears and the facility of payment’s overdue debts in Gorj county. The study points out the dramatic evolution in Gorj county of arrears. The conclusion is that even the Gorj county belongs into the few other counties in Romania which have little debtors and many...

Romanian Abstract: Uniunea Europeană şi Piaţa sa unică au generat în ultimii 50 de ani noioportunităţi pentru companiile europene, care şi-au îmbunătăţit competitivitatea internă şiinternaţională, au creat noi locuri de muncă şi au oferit consumatorilor europeni...

This paper assesses the level of readiness of Romania to adopt euro, based on nominal and real convergence criteria evaluation. We used the optimal currency area criteria in order to assess the real convergence process in Romania. The main conclusion of the paper is that more progress is...

The paper aims to evaluate the degree of business cycle synchronization and similarity of economic structures between Romania and the euro zone from the perspective of European Monetary Union (EMU) integration. Despite the fact that the euro adoption can generate benefits for the Romanian...

Approaching the theory of economic cycle is not an issue that comes in hand! We are permitted to make such a statement based on the idea that explanations concerning the business cycle theory are strictly related to how each school of thought was able to understand the system that makes market,...