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The Psychological Watchdog of Footballers

The Psychological Watchdog of Footballers

Where is Romanian football heading towards? Well, for a beginning, literally speaking, it might head towards the back of the net, which would be wonderful piece of news for the goal scoring team. The not so bright answer would come if the question was considered as a metaphor, not as a real ball-playing skill of any given footballer. Irrespective of where a ball is really heading – in or outside the goal, in the stands, outside the stadium even, as witnessed in many small, murky stadiums of lower league competitions – one thing is certain: Romanian football fans don’t really seem to be heading towards there where one would expect them to see: to the stadiums. More

No. 7-8, Sep.-Dec. 2017 2017


On the Law Enactment Trap

On the Law Enactment Trap

A free society is that society in which the general law governs, that is, the law which concerns all the members of society in relation to the norm which that general law establishes. And, on the contrary, society is not free when the private law governs, that is, the law that concerns only a very small number, a minority or, to the limit, an individual or a few individuals. Such a law is also referred to as a privilege (private law). The current effervescence in Romania on amending the laws of justice is an example within reach for philosophers of law, but also for social philosophers or moral philosophers, to reflect on this fundamental aspect of freedom (I refer here to the concept of individual freedom, which is the source of all punctual liberties, which must under no circumstances be confused) in the Romanian society. More

No. 7-8, Sep.-Dec. 2017 2017


Plus ça change, plus c'est la même chose

Plus ça change, plus c'est la même chose

In his article “Opioids and Paternalism”, Dr. David Brown described the new face of American drug addiction, “the new underclass is stymied by economic obsolescence, a sense of victimhood, and an exaggerated view of its own physical damage”. One of my former professors used to say, “don’t re-invent the wheel unnecessarily” to convey the idea that one does not need to create new analyses and methodologies for every problem. In addition to Dr. Brown’s sound scientific and psychological observations, I believe that we may also look to history for enlightenment regarding the current malaise. More

No. 7-8, Sep.-Dec. 2017 2017


ICESS 2018 – Challenges and Trends in Economic and Social Sciences Research

ICESS 2018 – Challenges and Trends in Economic and Social Sciences Research

Preparing to celebrate the 105th anniversary, the Bucharest University of Economic Studies (BUES) will host on April 16-17 the first edition of the International Conference on Economics and Social Sciences, under the following aegis: “Challenges and Trends in Economic and Social Sciences Research”. The conference is a great opportunity for participants to enhance their professional networks, by connecting and sharing own research topics with very influential researchers in the field, as well as with practitioners from leading companies from Romania and abroad. More

No. 7-8, Sep.-Dec. 2017 2017


Romanian Capitalist Economic Thought (II)

Romanian Capitalist Economic Thought (II)

“The disappearance of Communism in Eastern Europe in 1989 reflected the collapse of the existing belief system and accordingly the weakening of its support organizations” (North 1997, 18). Such a verdict catches the image of a bivalent process of deconstruction and institutional reconstruction: from former imposition of material and moral servitudes to economic and political liberalization. But that new order – of the market and of the multiparty system – could have been accomplished, ultimately and inevitably, with the same people who inhabited the old institutional and organizational architectures, both at the top and at the base of society. The intellectual scaffolding of transformation became a critical resource, and its training and performance were, among others, functions of epistemic tradition and transfer. More

No. 7-8, Sep.-Dec. 2017 2017


Jeffrey D. Sachs, to Talk in Romania on Sustainable Development

Jeffrey D. Sachs, to Talk in Romania on Sustainable Development

The Bucharest University of Economic Studies welcomes distinguished and world-renowned economist Jeffrey D. Sachs for a talk on sustainable development on March 8, 2018. He has been invited by the Romanian Government and will be a keynote speaker at a conference on sustainable development organized by the Department for Sustainable Development. More

No. 7-8, Sep.-Dec. 2017 2017


How Did Horses Become a Luxury?

How Did Horses Become a Luxury?

Horses were domesticated in ancient times and the history of our companionship rivals that of civilization itself. The bond has been celebrated throughout all forms of art. Horses have been used as tillers, as war machines, as means of transportation, as athletes or actors, but also as faithful companions. We even know of famous horse from history – Alexander the Great’s horse Bucephalus, Caligula’s horse – Incitatus – whom he had planned to name consul, El Cid’s Babieca, Napoleon’s Marengo and recently Sergeant Reckless (a small Mongolian mare, that was an actual US Marine sergeant, trained to be a pack-horse during the Korean War and awarded several honors), or Roy Rogers’ Trigger – underscoring the proverbial and proven loyalty of horses and their need for respectful handling.  More

No. 7-8, Sep.-Dec. 2017 2017


How the Latest Trump Tariffs Will Affect Romania

How the Latest Trump Tariffs Will Affect Romania

On March 1st, US President Donald Trump announced that his administration will unilaterally introduce new tariffs on steel and aluminum imports in the United States of America. Officially motivated by national security concerns under the World Trade Organisation (WTO) rules, the announcement follows a similar decision to unilaterally introduce new tariffs on imported solar panels and washing machines, for reasons of unfair competition, taken at the end of January. Along with pressures for a redrawing of the North-American Free Trade Agreement (NAFTA) with Mexico and Canada and the retreat from the Trans-Pacific Partnership (TPP), the decision constitutes the most palpable expression to date of the United States’ new protectionist trade policy, to which Donald Trump alluded to since he was campaigning on an “America first” platform for the White House back in 2016. But unlike the solar panels and washing machines tariffs of a month and a half ago, which targeted primarily Chinese, South Korean and other Asian economies, the new steel and aluminum tariffs risk triggering a full-scale trade war with the European Union’s – still – 28 nations trade block, Romania included.  More

No. 7-8, Sep.-Dec. 2017 2017


Not Too Young to Run

Not Too Young to Run

Leadership is influence, while influence is quality and substance. Looking at the age reduction bill, and how that will reshape Nigeria’s political space, Nigerians would need to ask themselves, is the plan to kick out the old people because they are outdated, and replace them with the young ones because they are perceived to have the capacity to do better?  More

No. 7-8, Sep.-Dec. 2017 2017


A Short Behavioural Analysis of the Changes to the Social Security Tax in Romania

A Short Behavioural Analysis of the Changes to the Social Security Tax in Romania

Starting with January 1st 2018, the payment obligation which is automatically withheld regarding the social security contributions (for state pensions, health, and unemployment insurance) will be moved from the employer to the employee. In order to preserve the nominal net wage, the nominal gross wage was increased by an adequate rate. In fact, a combination of nominal gross wage increases and contribution rate decreases was used to this end. I would like to broach some predictable effects of the mentioned normative measure: a) the monetary illusion effect; b) the nominal income effect; c) the consumption and savings effects; d) the effect of social solidarity erosion; e) the efficient wage effect. More

No. 7-8, Sep.-Dec. 2017 2017


“Are Central Banks Literally Independent?”

“Are Central Banks Literally Independent?”

The independence of the central banks – mysterious or miraculous entities in the eyes of masses – is practically an inexhaustible topic for scholars-economists and political scientists, as well as for business-persons and policy-makers. Still, the ultimate bill-payer of all institutional settings and governance organizations is the consumer-citizen. For this character this bell (of the debate) tolls. More

No. 7-8, Sep.-Dec. 2017 2017


Are Planned Economies Our Destiny?

Are Planned Economies Our Destiny?

“The most terrifying words in the English language are: I am from the government and I am here to help”. These were not the words of an anarchist or a person opposing the concept of the state in general. These were the words of the head of probably the largest government in the world, President Ronald Reagan. Ronald Reagan saw very clearly that government should have limits and should leave most decisions to the free choice of free citizens. He followed the principle that the state should only do those things which only the state can do. More

No. 7-8, Sep.-Dec. 2017 2017


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OEconomica No. 1, 2016