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This chapter explores Keynes’s monetary thought with a focus on financial instability and crises. Keynes’s early monetary work, Indian Currency and Finance (1913), shows his keen concerns for financial instabilities and his appreciation of central banks’ lender-of-last-resort role. In his...
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This chapter examines the link between the instability features of a profit-driven economy and the structural changes inherent to that type of economy. Moving from consideration of the profit motive as search and exploitation of price (or cost) differentials, the chapter considers the structural...
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The study addresses the issue of the management of public institutions in Romania by reviewing the main approaches presented in the specialized literature. The research identifies and describes the characteristics and functions of the management of public institutions as well as the main...
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giving participants the possibility to choose which institution to adopt, we find that democracy is the by far most popular …
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