AD 2017 is Anno Donald 1

AD 2017 is Anno Donald 1

No. 2, Nov.-Dec. 2016

The advent of Donald J. Trump hardly resembles the prologue to some great national redemption, for it is not clear what kind of greatness he has in mind for his beloved America. As for the international landscape, his “twilightenment” reigns supreme, for it is not clear who are the (real) alien friends and foes of the “archetypal”/“average” (yet so imaginary) US citizen. Trump’s moral code is literally undecipherable, his logic is humoral, his values are untraceable, while his value is a secret formula of his capitalist net worth and democratic trustworthiness. What is common to any of Trump’s portraits is his basic uncommonness: he serves a Union whose domestic polarization he embodies, while his foreign policy seems foreign to any present day routine. But if we want to capture the essence of his discourse (or at least of the perceptions of others regarding it), there are two basic concepts that in no case should be ignored: anti-political correctness and populismMore

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    Engines of Liberty: American Experiment in Self-Government

    Engines of Liberty: American Experiment in Self-Government

    No. 25, Sep.-Oct. 2020

    Brague’s Challenge. In an American Spectator blog post, “Sin No More,” dated May 1, 2008, Rémi Brague stated a thesis worth exploring: “What cultures that were influenced by the Jewish and Christian religions made of the ideal of liberty that I have... More



    Rebuilding Economics

    Rebuilding EconomicsSeries of articles excerpted from the printed edition [#1]

    No. 25, Sep.-Oct. 2020

    In the last decades, the economic discipline in its hypostasis of Economics (i.e. positive economic theory) was, and also currently is, subject to radical and massive criticism not only from the non-economists (including physicists!), but also from... More



    The World’s 19 Most Powerful Countries Account for 71% of the World’s New Coronavirus Cases

    The World’s 19 Most Powerful Countries Account for 71% of the World’s New Coronavirus Cases

    No. 25, Sep.-Oct. 2020

    On August 31st this year, 6 months have passed since the current pandemic forcefully started, on March 1st. It is an important opportunity to examine how the world’s great powers have developed effective government programs to reduce the... More



    MIND(s that filled) THE GAP(s)

    MIND(s that filled) THE GAP(s)A media campaign of junior reporting on INNOVATIVE / INDUSTRIOUS / INSPIRING, free-market, barrier-breaking, world-spreading, LIBERATING ENTREPRENEURSHIP

    No. 25, Sep.-Oct. 2020

    The Market for Ideas initiated an editorial project in which “international business and economics” students, besides being consumers of quality information, become (co)producers of this “good”. The concept aims for a quadruple gap-filler... More



    Zombified Finance and the Walking Dead Economy

    Zombified Finance and the Walking Dead Economy

    No. 25, Sep.-Oct. 2020

    The financial crisis of 2007 was the result of a constant accumulation of risks facilitated by the gradual lowering of interest rates. This decrease allowed the emergence of an allocation of resources incongruous with the economic... More



    “Under the Spreading Chestnut Tree”… I Forgot My History

    “Under the Spreading Chestnut Tree”… I Forgot My History

    No. 25, Sep.-Oct. 2020

    It is strange for any of us who live in relatively free societies to picture oppression. It is probably why most of us have an insatiable desire for dystopian television productions. The hair raising, mind and heart stimulating stories take us to a... More



    Bracing for Hurricane Democracy

    Bracing for Hurricane Democracy

    No. 25, Sep.-Oct. 2020

    With the conclusion of the two ceremonial national conventions of the two US parties, the Democrats and the Republicans, one may say that the presidential race has begun in earnest. The current election will be unique in modern American... More



    Rights, Constraints, and Offsets in Handling the COVID-19 Pandemic

    Rights, Constraints, and Offsets in Handling the COVID-19 Pandemic

    No. 24, Jul.-Aug. 2020

    The COVID-19 pandemic has shown us, among other things, that the development of human knowledge can entail a series of risks that can endanger both the existence of the individual and of the society in which we live. In this time of crisis, an important... More



    The COVID State

    The COVID State

    No. 24, Jul.-Aug. 2020

    In 1976, an ABC movie entitled “The Boy in the Plastic Bubble” recounted the tragic story of a child suffering from severe combined immunodeficiency (SCID). Although the child died when he was twelve, doctors have since found a cure for this... More



    The Inconsistency of Biological Analogies in Economics

    The Inconsistency of Biological Analogies in Economics

    No. 24, Jul.-Aug. 2020

    I often tend to use biological analogies either as a simple heuristic or an explanatory model in an analysis, or as a purely illustrative model in support of certain ideas by constructing argumentative structures. For instance, in an attempt to understand how... More



    The Sustainable University: Concept and Conception

    The Sustainable University: Concept and Conception

    No. 24, Jul.-Aug. 2020

    “Sustainable University” is a kind of phrase to emanate a semantic scent with connotations – traced back to an ages-old polarity, yet always at great fashion in social affairs – seemingly both conservative and progressive. Really? Can we so... More



    Charter Cities: Vernian Fantasy or Human Reality?

    Charter Cities: Vernian Fantasy or Human Reality?

    No. 24, Jul.-Aug. 2020

    In 1895, the French novelist Jules Verne launched one of his many visionary ideas that either became reality or something future next generations are expected to achieve. Propeller Island follows the story of four musicians whose services are demanded... More



    Corona-blues: A Brief Reflection on the Challenges of Managing the Coronavirus Pandemic

    Corona-blues: A Brief Reflection on the Challenges of Managing the Coronavirus Pandemic

    No. 24, Jul.-Aug. 2020

    That the new coronavirus has taken the world by storm is no longer a surprise, causing significant casualties worldwide as well as civil unrest and disrupting economies, with ever grimmer prognoses. Much has been said about both the... More



    Defined Contribution Pensions, But Not Really

    Defined Contribution Pensions, But Not ReallyEconomy Near Us (XXXI)

    No. 24, Jul.-Aug. 2020

    From a theoretical (and philosophical) point of view, the (defined contribution) pension in a pay-as-you-go system is an impersonal, non-coexistent, inter-generational, and mandatory quid pro quo. The referee which must assure that the quid pro quo is... More



    International Digital Conference on Multidisciplinary Research and Perspectives for Innovative Higher Education 2020

    International Digital Conference on Multidisciplinary Research and Perspectives for Innovative Higher Education 2020

    No. 24, Jul.-Aug. 2020

    University of South Asia, Lahore, Pakistan, presents the International Digital Conference 2020 on Multidisciplinary Research and Perspectives for Innovative Higher Education on July 24-25th, 2020. The main topics include: Artificial.... More



    The Pandemic and the Standard of Living

    The Pandemic and the Standard of Living

    No. 24, Jul.-Aug. 2020

    A recent report was issued by the Research Institute for Quality of Life of the Romanian Academy, titled The pandemic and the standard of living. Social policies. Its authors were Daniel Arpinte, Sorin Cace, Simona Mihaiu, Iulian Stanescu, Simona... More



    Stealing into Power by Opposition to Power

    Stealing into Power by Opposition to Power

    No. 24, Jul.-Aug. 2020

    Two acute observers of the American system and its decentralized character were Alexis de Tocqueville, who with his friend Gustave de Beaumont traveled through America for around nine months while studying America’s prisons... More



    Twelve Countries Cumulate 80% of the Pandemic Deaths

    Twelve Countries Cumulate 80% of the Pandemic Deaths

    No. 24, Jul.-Aug. 2020

    The “parallel world” of the pandemic has two main coordinates: contagion cases and deaths, accompanied by the very important indicator of fatality rate relative to contagion cases (Rc/d).In our previous interventions, we demonstrated that the... More



    Placing the Central Asia Region in the Equation of Neo-Colonialism Promoted by Russia

    Placing the Central Asia Region in the Equation of Neo-Colonialism Promoted by Russia

    No. 24, Jul.-Aug. 2020

    The reconsideration of Russia’s foreign policy was made under the condition that, as a result of the steep increase in international prices for crude oil and natural gas, considerable financial resources flooded into the state treasury. With... More



    The Absorption of Uncertainty and Exiting from the Pandemic

    The Absorption of Uncertainty and Exiting from the PandemicEconomy Near Us (XXX)

    No. 23, May.-Jun. 2020

    The individuals (and, to some extent, the groups) make decisions based on their perception regarding the future, rather than on a rigorous calculus based on accurate models of rationality (such a conclusion has long been reached by the researchers... More



    A New Silk Road – Russia’s position

    A New Silk Road – Russia’s Position

    No. 23, May.-Jun. 2020

    The first version of the Silk Road is placed by analysts at the beginning of the westward expansion of the Han Dynasty (206 BC - 220 AD). Chinese products (silk, porcelain, spices or other goods) that were highly prized began to be delivered to Europe... More



    NASA & SpaceX Launch – A New Milestone in Space Exploration

    NASA & SpaceX Launch – A New Milestone in Space Exploration

    No. 23, May.-Jun. 2020

    Over the years, space has proven to be one of the few topics that captivated people from all around the world to follow the same TV programming or online event at the same time. Individuals with different backgrounds, ethnicities, races... More



    Reading Between the Lines

    Reading Between the Lines

    No. 23, May.-Jun. 2020

    The macroeconomic situation of Romania is a subject of considerable debate inside the country. The important development of the country is, nevertheless, marred by imbalances and underwhelming reforms, constantly... More



    Conservatism and Spiritual and Social Recovery

    Conservatism and Spiritual and Social Recovery

    No. 23, May.-Jun. 2020

    As I read newspapers, popular magazines, listen to National Public Radio, watch cable television, attend Catholic Mass, and work with American academics at the deracinated institutions called colleges, I am conscious that American secular... More



    Revolt of the Disdained: Sovereignty or Submission

    Revolt of the Disdained: Sovereignty or Submission

    No. 23, May.-Jun. 2020

    The 2016 presidential election hinged on the return of overlooked or marginalized middle-class and working-class Democrats and independents – many of whom had earlier supported Richard Nixon and Ronald Reagan – to reinvigorate traditional... More



    Some Thoughts on COVID-19 Pandemic Shock

    Some Thoughts on COVID-19 Pandemic ShockEconomy Near Us (XXIX)

    No. 23, May.-Jun. 2020

    On the nature of COVID-19 pandemic shockWe think the COVID-19 pandemic shock “verifies” the following features:the shock is atypical: it has the particularity that it bypasses the standard “path” – that is, it does not affect the nominal flows... More



    Coco & Chanel: Creating Herself and a Whole Universe, from Croquis to Couture

    Coco & Chanel: Creating Herself and a Whole Universe, from Croquis to CoutureMIND(s that filled) THE GAP(s) [XVI]

    No. 23, May.-Jun. 2020

    Imagine the epitome of an elegant, stylish woman of modern times. Is she sporting chic suit pants and a matching blazer, or maybe a timeless black dress? Is her jewellery exquisite without overbearing opulence, perfectly assorted to her handbag... More



    Will We 3D-Print Medicine at Home?

    Will We 3D-Print Medicine at Home?MIND(s that filled) THE GAP(s) [XV]

    No. 23, May.-Jun. 2020

    It is around 7 AM, little Jim has just been woken up by his mom. He can distinguish clatter of softly gyrating gears from rain taping at his windowsill. There was no reason to focus more on those everyday sounds especially because he heard the same... More



    Three Paradoxes of the Territorial Distributions of Contaminations with COVID-19

    Three Paradoxes of the Territorial Distributions of Contaminations with COVID-19

    No. 23, May.-Jun. 2020

    A month ago, in the first episode regarding the pandemic, we identified the fact that the structural distribution of the spread of SARS-CoV-2 virus throughout the countries and autonomous territories of the world fulfils all the standards of the... More



    Power Through Play: Thinking Energy Outside the Box

    Power Through Play: Thinking Energy Outside the BoxMIND(s that filled) THE GAP(s) [XIV]

    No. 23, May.-Jun. 2020

    According to the World Bank (2019), roughly 1 billion people have no access to electricity whatsoever, but a Nigerian-American entrepreneur thinks football might be the solution. How is it possible? The story begins with Harvard graduate Jessica... More



    The Million Dollar Pixels: How a Student’s Idea Changed the Internet for the Better

    The Million Dollar Pixels: How a Student’s Idea Changed the Internet for the BetterMIND(s that filled) THE GAP(s) [XIII]

    No. 23, May.-Jun. 2020

    The internet. A place where (almost) everybody can see (almost) everything (almost) for free. An incredible technological asset of humanity as a whole. But how can we find everything? Do we pay these people? How many people would agree to make the... More



    Bringing Lasting Positive Change for Women

    Bringing Lasting Positive Change for Women

    No. 23, May.-Jun. 2020

    Any change brings both positive and negative consequences. Therefore, a development planner should respect various principles to promote change that minimizes negative effects. Also, certain priorities or values should be reflected. This... More



    Making History While Snacking: Microwave Meets Marketplace

    Making History While Snacking: Microwave Meets MarketplaceMIND(s that filled) THE GAP(s) [XII]

    No. 23, May.-Jun. 2020

    World War II, going on between 1939 and 1945, was one of the bloodiest confrontations in the world. It cannot be overstated how much this conflict changed the course of history, for better (if anything good can be related to wars) or worse. For... More



    Think Fast: Interactive Filmmaking Puts Consumers in the Spotlight (Or Is It Just an Illusion?)

    Think Fast: Interactive Filmmaking Puts Consumers in the Spotlight (Or Is It Just an Illusion?)MIND(s that filled) THE GAP(s) [XI]

    No. 23, May.-Jun. 2020

    In 1967, the cinephiles attending that year’s edition of Expo Montreal were left with the experience of a lifetime, having been submerged into a new dimension of film-making. Radúz Činčera’s vision brought the audiences a new perspective, as his... More



    The Risk of Poverty by Age-Groups in Romania

    The Risk of Poverty by Age-Groups in RomaniaHistory, on the verge of repeating itself after ten years

    No. 23, May.-Jun. 2020

    The risk of poverty recorded in Romania for the entire population was higher in 2019 than in 2008, according to data published by Eurostat. Almost one in four Romanians (23.8%) had an equivalent level of disposable income less than 60%... More



    Centuries of “Concrete”-Solid Discoveries of the Humankind: From Building the Roman Empire Towards Contemporary Buildings

    Centuries of “Concrete”-Solid Discoveries of the Humankind: From Building the Roman Empire Towards Contemporary BuildingsMIND(s that filled) THE GAP(s) [X]

    No. 23, May.-Jun. 2020

    Have you ever questioned what lies at the basis of the so-called highly-developed cities, at the foundation of the tallest buildings worldwide or how the infrastructure came to life? The answer is directed towards… concrete. It built the modern world... More



    WaitSafe in the Pandemic: How to Fluently Reconcile Social Distancing with Personal Mobility

    WaitSafe in the Pandemic: How to Fluently Reconcile Social Distancing with Personal MobilityMIND(s that filled) THE GAP(s) [IX]

    No. 23, May.-Jun. 2020

    The easing of the lockdown ignited with the advent of COVID-19 pandemic is still subject to strict conditions, as communities need to accommodate sanitary safety concerns with solutions for the freedom of movement for individuals, as the latter is a... More



    The Press – Social “Mediator” or “Instigator”?

    The Press – Social “Mediator” or “Instigator”?

    No. 23, May.-Jun. 2020

    On the 3rd of May we celebrate World Press Freedom Day. The power of the Press (hereinafter deliberately written with capital P, in speaking precisely of its societal vocation) and its impact on the average citizen and on the wider masses of the people is... More



    More than a Fifth of Romanians Are Employed by Multinationals

    More than a Fifth of Romanians Are Employed by MultinationalsFrance Took over from Germany

    No. 23, May.-Jun. 2020

    Germany (16.6%), France (12.4%) and Italy (9.2%) are the countries that hold the largest share in the Romanian economy by the number of employees operating in 80,591 groups of enterprises, according to the data processed and... More



    COVID-19’s Distributions and Balances of Power

    COVID-19’s Distributions and Balances of PowerProfessor CEZAR MEREUȚĂ: “Understanding this is the new challenge the most powerful leaders in the world have to face”

    No. 23, May.-Jun. 2020

    Who would have thought that precisely the most powerful countries on the planet, which invested the most in their health systems, registered the most cases of contamination with the new coronavirus? Well, an analysis by Professor Cezar... More



    The Romanian Government’s Underwhelming Response to the COVID-19 Crisis

    The Romanian Government’s Underwhelming Response to the COVID-19 Crisis

    No. 23, May.-Jun. 2020

    The Romanian Government’s response to the COVID-19 crisis has nothing exceptional, no original idea, no single individualized policy, no special or particular focus. If Sweden, no matter how controversial, dared to pursue an individualized strategy... More



    European (Dis)Integration During Pandemics

    European (Dis)Integration During PandemicsLessons for EU members about the convergence of interests

    No. 23, May.-Jun. 2020

    The big aspirations of “Unity in diversity” within European speeches seem to fade, as the supranational gathering around connection and cooperation is now, in the context of the pandemic, an ideal with less commitment than before... More



    Romania – the Fourth EU Economy in the Share of Foreign Capital Enterprises

    Romania – the Fourth EU Economy in the Share of Foreign Capital EnterprisesAnd an Interesting Paradox

    No. 23, May.-Jun. 2020

    Romania ranks fourth among EU Member States in terms of the share in gross value added (GVA) of enterprises with foreign capital (controlled from abroad) – FCE –, according to a study published by Eurostat, based on data from 2017... More



    Pandemic: How to Avoid What Is Worse

    Pandemic: How to Avoid What Is Worse

    No. 23, May.-Jun. 2020

    In addition to major health issues, COVID-19 creates major economic problems. The risk of a deep global recession is very high. It is a shock that reduces supply, especially through the shock on the labour force, through illness or social... More



    A Primer on Political Economy

    A Primer on Political Economy

    No. 23, May.-Jun. 2020

    Economist Walter E. Williams learned a principle of success by missing lunch. “At 13, I was a typical barbarian growing up in the slums of Philadelphia”, he recalls. “My mother supported us by working as a maid. Frivolous consumption often meant... More



    Exploring the Transformation of Human Work in Relation to the Shock of the Novel Coronavirus Pandemic

    Exploring the Transformation of Human Work in Relation to the Shock of the Novel Coronavirus PandemicEconomy Near Us (XXVIII)

    No. 22, Mar.-Apr. 2020

    Work is one of the concerns of our daily lives. Permanent, but often on very short-term, concerns about work issues are at the forefront of public debates specific to the economic or other fields of social sciences. Countless scientific studies and... More



    No Way In, No Way Out

    No Way In, No Way Out

    No. 22, Mar.-Apr. 2020

    Scratching beneath the surface of socio-political matters results in a multitude of findings and novelties. It is time that enough answers were given to the everlasting questions which naturally follow the inquiry into the reasonableness of dominating... More



    Mutating Mindsets and Contagious Behaviours (Part III): Diagnosing the Geopolitical and Geoeconomic Risks of the Coronavirus Outbreak

    Mutating Mindsets and Contagious Behaviours (Part III): Diagnosing the Geopolitical and Geoeconomic Risks of the Coronavirus Outbreak

    No. 22, Mar.-Apr. 2020

    In the previous parts, we argued why behavioural economics does a better job of explaining consumer and supplier behaviour in the time of the coronavirus outbreak than the neoclassical paradigm. Both approaches were discussed at a... More



    Coronavirus: Commission Hosts a European Hackathon to Develop Innovative Solutions to Fight the Outbreak

    Coronavirus: Commission Hosts a European Hackathon to Develop Innovative Solutions to Fight the Outbreak

    No. 22, Mar.-Apr. 2020

    As of 24 April and throughout the weekend, the Commission will host the pan-European #EUvsVirus Hackathon, under the patronage of Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth. The hackathon... More



    Mutating Mindsets and Contagious Behaviours (Part II): Zooming in on Economic Decision-Making in the Time of the Coronavirus

    Mutating Mindsets and Contagious Behaviours (Part II): Zooming in on Economic Decision-Making in the Time of the Coronavirus

    No. 22, Mar.-Apr. 2020

    As we have reemphasized, neoclassical economics, with all its shortcomings, is still considered to be the mainstream wisdom and the reconciliating synthesis of ages-old advances in economic science. Behavioural economics, for its part, is a rather... More



    The COVID Crisis and the 2nd Pillar of the Romanian Pension System

    The COVID Crisis and the 2nd Pillar of the Romanian Pension System

    No. 22, Mar.-Apr. 2020

    Far from the public attention, the value of the assets held in the seven private funds that manage the pension money in Pillar II for seven and a half million future pensioners decreased dramatically in the second part of February and continued to decline... More



    Mutating Mindsets and Contagious Behaviours (Part I): An Overview of the Coronavirus Outbreak and Its Insights for Economic Theory

    Mutating Mindsets and Contagious Behaviours (Part I): An Overview of the Coronavirus Outbreak and Its Insights for Economic Theory

    No. 22, Mar.-Apr. 2020

    It is no longer a secret that the new coronavirus outbreak is the most significant issue troubling mankind at the moment, generating a level of panic and uncertainty with powerful effects on all level of society, politics and the economy. What... More



    Was the Islamic State a Real State?

    Was the Islamic State a Real State?

    No. 22, Mar.-Apr. 2020

    The self-proclaimed Islamic State, known to the international press under the ISIS moniker, became a true center of power in the Middle East in the period 2014-2017. Its success came with a background of instability generated by the Arab Spring... More



    The CORONAtion of Equality, the Abdication of Inequality

    The CORONAtion of Equality, the Abdication of InequalityOr viceversa?

    No. 22, Mar.-Apr. 2020

    We all are equal in front of death, but we are living lives in unequal ways, because of our deeply uneven endowments and unsimilar chances that Gods or odds reserve for us. We are (supposedly) alike in front of laws, while some... More



    Communicative Action, Subjective Perception and the Hermeneutics of Capital Structure

    Communicative Action, Subjective Perception and the Hermeneutics of Capital Structure

    No. 22, Mar.-Apr. 2020

    This article highlights the implications of the subjective communication and interaction between economic agents in the process of expanding individual and implicitly social knowledge. Each economic actor goes through a set of unique... More



    Free vs. Fair Trade – Pandemic Edition

    Free vs. Fair Trade – Pandemic Edition

    No. 22, Mar.-Apr. 2020

    At the beginning of studying economics, the two basic ideas every undergrad learns about are the theories of absolute and of comparative advantage, respectively. Ricardo, one of the most influential classical economists, claims that countries... More



    A Treatise to Challenge the World of Tweets

    A Treatise to Challenge the World of Tweets“Information may be abundant, but knowledge remains scarce”. This is the message of a collective of scholars from the Bucharest University of Economic Studies, the Faculty of International Business and Economics

    No. 22, Mar.-Apr. 2020

    One may reasonably question any new… old-style opus, in times of “fast and furious” facts and figures, expressions of international economic relations (scientific literature markets here included): Isn’t it enough that we are now part of an... More



    Smith, Hayek and the Virus: Entrepreneurial Responses in Times of Crisis

    Smith, Hayek and the Virus: Entrepreneurial Responses in Times of Crisis

    No. 22, Mar.-Apr. 2020

    The world is struggling with despair in the face of an uncaring threat at the moment of writing these ideas: that word is not even worth mentioning any longer, since it is probably on the lips (and in the ears) of the majority of people worldwide.... More



    Taxation of Wage Earnings for Pension Purposes in Romania, since 1950

    Taxation of Wage Earnings for Pension Purposes in Romania, since 1950Some implications at present

    No. 22, Mar.-Apr. 2020

    The income tax has increased about four times in Romania since 1950, according to data published by the National Institute of Statistics (INS). The evolution of gross and net earnings shows that we have reached a doubling compared to the period.... More



    Pandemic: Of Words, Beasts, and the Gates of Peace

    Pandemic: Of Words, Beasts, and the Gates of Peace

    No. 22, Mar.-Apr. 2020

    The world is facing a pandemic. People are looking for ways in which to minimize its effects and defeat the virus. Some are taking all the necessary precautions. Some are treating the situation lightly. Some are panicking. And some… are.... More



    On the Self-Testability of the Minimum Wage

    On the Self-Testability of the Minimum WageEconomy Near Us (XXVII)

    No. 22, Mar.-Apr. 2020

    As I have shown, in a previous intervention, in which I explained the conceptual difference between the minimum salary (the actual minimum wage, with the particularity that is generated by the market, rigorously called “minimum nominal salary”).... More



    Corona-Economy: From Crisis to Rebuilding Trust

    Corona-Economy: From Crisis to Rebuilding Trust

    No. 22, Mar.-Apr. 2020

    The Corona-Economy is already the grand economic challenge of the year 2020, but also of the political establishment. The latest developments are very serious, quite worrying for many sectors, which demand a coordinated response in terms of.... More



    The Race to The Bottom in Oil

    The Race to the Bottom in Oil

    No. 22, Mar.-Apr. 2020

    With the developed world in transition towards a short and medium-term economic self-flagellation as a means of reducing the impact of the SARS-COV-2 virus spread, there is little room for economic news that is not related to markets tumbling.... More



    Will the Coronavirus Amplify the Role of the Government in the Economy?

    Will the Coronavirus Amplify the Role of the Government in the Economy?

    No. 22, Mar.-Apr. 2020

    A defining phenomenon for virtually the last hundred years is the expansion of state influence in all areas. The extreme was reached in the communist and fascist countries, where, under dictatorship, all freedoms were altered. In Western.... More



    Brâncuși’s Endlessness and the Scarcity of Some Means

    Brâncuși’s Endlessness and the Scarcity of Some MeansTo whom does his work belong?

    No. 22, Mar.-Apr. 2020

    The public subscription for Brâncuși’s “The Wisdom of the Earth”, to get it from private hands “back” to the Romanian state, failed not so long ago. In markets, big money is paid for his works, more than “all” Romanians managed to gather. The moral? Art.... More



    COVID-19: Counting the Cost

    COVID-19: Counting the Cost

    No. 22, Mar.-Apr. 2020

    Fighting epidemics, or stopping them from spreading, has a cost. The direct costs of the COVID-19 pandemic are, of course, deaths and the sickness that prevents people from working. However, the indirect effect or Economic Cost include the labor.... More



    How the Evolution of ITC Shaped the Field of Diplomacy

    How the Evolution of ITC Shaped the Field of Diplomacy

    No. 22, Mar.-Apr. 2020

    When looking at the historical evolution of diplomacy and foreign policy, for centuries they have ended up relying on the traditional establishment of delegations or ambassadors, formalizing bilateral and multilateral agreements regarding various.... More



    The CoVID-19 Pandemic – Changing the Paradigm

    The COVID-19 Pandemic – Changing the ParadigmSir William Osler: “Medicine is a science of uncertainty and the art of probability”

    No. 22, Mar.-Apr. 2020

    For almost three months now the entire world is in the midst of a very aggressive and rapidly evolving outbreak with new Coronavirus, that today is known as COVID-19. The origin of the outbreak is in China, the province of Hubei (Wuhan) and.... More



    A Strategy of Subversion

    A Strategy of Subversion

    No. 22, Mar.-Apr. 2020

    Half a century ago the German sociologist Helmut Schelsky succinctly dissected the political strategy of left-wing radicals in West Germany and the West generally. His essay, “The New Strategy of Revolution,” remains one of the best.... More



    (Corpo)Rational Person(ality)

    (Corpo)Rational Person(ality)

    No. 22, Mar.-Apr. 2020

    It is perhaps characteristic of modern times to gather large groups of people who share the same perpetual quest for what is called freedom of expression and action within a free world, to make use of it with every single opportunity they might.... More



    Interstellar Rights

    Interstellar RightsProviding more legal support to companies to explore outer space brings benefits to all mankind

    No. 22, Mar.-Apr. 2020

    The exploration of space is now shifting the paradigm as recent innovations put in light incredible discoveries. The space economy is undoubtedly the most captivating industry of the future. As it develops, dependence on satellite-based.... More



    From Energetics to Economics

    From Energetics to EconomicsStarting from the nodal analysis concept, engineer Cezar Mereuță opens up a new domain of inter-disciplinary research for economists

    No. 21, Jan.-Feb. 2020

    The fine connoisseurs say that statistics are perfectly comparable with the beach attire of an attractive young woman: reveals what everyone is allowed to see, but hides from the public eye the most appealing details. Because statistics is a science.... More



    The Efficient Wage and Its Challenges

    The Efficient Wage and Its ChallengesEconomy Near Us (XXVI)

    No. 21, Jan.-Feb. 2020

    The standard Economics states that the gross nominal wage which is consistent (that is, non-contradictory) with the criterion of economic behaviour of the employer – the gross profit maximization – must be at most at the level of monetary.... More



    Technology and Ethics: Of Man and Wisdom

    Technology and Ethics: Of Man and Wisdom

    No. 21, Jan.-Feb. 2020

    In Isaac Asimov’s Bicentennial Man, the fictional robot character of Andrew Martin spends centuries suffering many modifications in order to be accepted by humanity as one of their own.The story shows Andrew, whose name comes from the Greek.... More



    Romania: A New Energy Power

    Romania: A New Energy PowerAfter a slowly diminishing status, brighter days to come?

    No. 21, Jan.-Feb. 2020

    While contemporary interest in energy questions focus on the Middle East, Romania has an impressive record in petroleum production which can be traced to 1517. Romania has a history of more than 150 years in oil extraction and in 1838 became.... More



    A Leaflet for Economics?

    A Leaflet for Economics?

    No. 21, Jan.-Feb. 2020

    It may be rightfully supposed that the first few months of higher education represent a turning point for most people. It is undoubtedly of a great importance that people take the decision of wholeheartedly stepping into a new environment and.... More



    Europe after Brexit: Isolating the Continent

    Europe after Brexit: Isolating the Continent

    No. 21, Jan.-Feb. 2020

    The exit of the United Kingdom from the European Union remains undoubtedly the event of the year 2020. From a technical, procedural and institutional point of view, it was an impeccable, flawless process, according to the provisions... More



    With Regards to Government Charity for the Private Sector

    With Regards to Government Charity for the Private SectorEconomy Near Us (XXV)

    No. 21, Jan.-Feb. 2020

    In a market economy, which is also presumed to function within a free society, generally, the goods and services needed for individuals are acquired through economic transactions (regularly through work and the processes around it – saving... More



    Relations with East Asia – A View from Romania

    Relations with East Asia – A View from Romania

    No. 21, Jan.-Feb. 2020

    The situation of the world today makes it difficult to even agree on whether we, as humanity, are going towards the right or the wrong direction. This is indeed a time of increasing fluidity, fake news, rapidly rising populism, which all makes vision and... More



    The Future of Cars: Reinventing Transportation

    The Future of Cars: Reinventing Transportation

    No. 21, Jan.-Feb. 2020

    The automobile industry’s cycle-race to embrace electric and autonomous vehicles did not include all its factories and workers. Neither did softening global auto sales help the market situation. And a change in the downward slope of the number of... More



    On Brexit and Other Exits

    On Brexit and Other Exits(Praxeo)Logical insights regarding economic and political integration

    No. 21, Jan.-Feb. 2020

    The United Kingdom has just spent its first days out of the European Union. The exit, completed by the Prime Minister Boris Johnson (the third British PM in a row, since Brexit began, four years ago) together with his political counterparts from... More



    A Perspective by and for the Youth

    A Perspective by and for the Youth

    No. 21, Jan.-Feb. 2020

    To most of us, it goes without saying that today’s youth will be tomorrow’s helmsmen amidst the tumultuous sea that life is. For “the little ones had become big, and the big ones had become almost men during the two years they were adrift in the... More



    My Mauser Is Bigger than Yours

    My Mauser Is Bigger than YoursThe arms race in the South Caucasus

    No. 21, Jan.-Feb. 2020

    The arrival of four recently acquired Russian Su-30SM heavy multifunctional jet fighters in Armenia is far from being defined as ‘turning the chessboard on one’s opponent’, but it definitely triggers a new stage in the arms race between Armenia... More



    Political and Economic Fallacies: A Tribute to Sir Roger Scruton

    Political and Economic Fallacies: A Tribute to Sir Roger Scruton

    No. 21, Jan.-Feb. 2020

    Adam Smith’s invisible hand, Frederic Bastiat’s essay “What Is Seen and What Is Unseen,” Michael Polanyi’s Tacit Dimension, Friedrich Hayek’s “spontaneous order,” and the Christian doctrines of subsidiarity and sphere sovereignty – these... More



    Leadership à la CEE: Values & Approaches

    Leadership à la CEE: Values & Approaches

    No. 21, Jan.-Feb. 2020

    Another book review? Of yet another leadership book? There are and continue to appear so many books on leadership from so many angles, including innovation, creativity and artificial intelligence. And yet, what makes this particular book... More



    Russia’s Trump Card against China and Reshaping Power Dynamics

    Russia’s Trump Card Against China and Reshaping Power DynamicsWhat Russia stands to gain from the US - China rivalry

    No. 21, Jan.-Feb. 2020

    On 18 December 2019, Donald Trump, the current President of the United States of America, was impeached by the House Judiciary Committee following allegations of abuse of power and obstruction of Congress, the third US President to be... More



    Russian Relations with North Korea

    Russian Relations with North Korea

    No. 21, Jan.-Feb. 2020

    The changing relationship between Russia and North Korea has its beginnings when the Soviet Union and China became rivals for influence within the Communist world. In the contemporary context, there is a triangle of complicated relations... More



    The Market Liberalization of Space Odysseys

    The Market Liberalization of Space Odysseys

    No. 21, Jan.-Feb. 2020

    Towards the end of 2019, a software issue during launch meant that Boeing’s Starliner spacecraft was unable to perform its first mission to supply the International Space Station as intended. It might by counted as merely one of the many problems... More



    The Anthropocene-Fallacy: Learning from Wrong Ideas

    The Anthropocene-Fallacy: Learning from Wrong Ideas

    No. 21, Jan.-Feb. 2020

    The Anthropocene is a proposed geological epoch dating from the commencement of significant human impact on Earth’s geology and ecosystems, including, but not limited to, anthropogenic climate change. While it is not an... More



    The “Avenger” from SpaceX and Tesla

    The “Avenger” from SpaceX and TeslaMIND(s that filled) THE GAP(s) [VIII]

    No. 21, Jan.-Feb. 2020

    The main purpose of this essay is to highlight the life and the entrepreneurial journey of one the most influential people of the moment and how he permanently changed the world with his abilities and perception of things. Elon Reeve Musk... More



    BTS – The Freedom of Musical Expression Remains Unlimited

    BTS – The Freedom of Musical Expression Remains UnlimitedMIND(s that filled) THE GAP(s) [VII]

    No. 21, Jan.-Feb. 2020

    In the past, there was The Beatles. In the second half of the 20th century, The Beatles became the most popular band in the entire world. Time passed and the 21st century brought new legends to the music industry. Most likely the biggest boy band in... More



    Foundation: The Very Basis in Makeup

    Foundation: The Very Basis in MakeupMIND(s that filled) THE GAP(s) [VI]

    No. 21, Jan.-Feb. 2020

    Perhaps everyone who uses makeup has wondered at least once about its origins? Every little thing has its own past but not a lot of people know the history of foundation. Surprisingly, its antecedents are not as pretty.Foundation traces its... More



    Mr. Sam’s Walmart Empire in Uncle Sam’s American Republic

    Mr. Sam’s Walmart Empire in Uncle Sam’s American RepublicMIND(s that filled) THE GAP(s) [V]

    No. 21, Jan.-Feb. 2020

    Samuel Moore (or how people liked to call him later on, “Mr. Sam”) was born in 1918 in Kingfisher, Oklahoma, and lived there until 1923 with his parents, Thomas Gibson Walton and Nancy Lee Lawrence Walton. He had a brother, James... More



    Innovation in the Eye of the Beholder: Optical Breakthroughs

    Innovation in the Eye of the Beholder: Optical BreakthroughsMIND(s that filled) THE GAP(s) [IV]

    No. 21, Jan.-Feb. 2020

    he commonplace objects that we surround ourselves with are just as indispensable for our everyday businesses as they are, individually and collectively, piecemeal retellings of different parts of our civilization and the progressive attempts by... More



    ADI DASsler’s “Impossible is Nothing” and “The Miracle of Bern”

    ADI DASsler’s “Impossible is Nothing” and “The Miracle of Bern”MIND(s that filled) THE GAP(s) [III]

    No. 21, Jan.-Feb. 2020

    “It’s over! Over! Over! Germany are the World Champions!”, Radio reporter Herbert Zimmermann’s jubilant words still resound in the hearts of many Germans, as a newly-created West Germany conquered the most coveted trophy in international... More



    Apple’s Handheld Evolution: From the Newton MessagePad to the iPhone

    Apple’s Handheld Evolution: From the Newton MessagePad to the iPhoneMIND(s that filled) THE GAP(s) [II]

    No. 21, Jan.-Feb. 2020

    Ever wonder how some things came to be? Just look at your phone. We cannot even imagine life without it anymore, but it is not always that we think of how much sweat and tears were put into achieving this particular invention. To be more... More



    Make Education Relevant Again!

    Make Education Relevant Again!MIND(s that filled) THE GAP(s) [I]

    No. 21, Jan.-Feb. 2020

    “The times they are a-changin’” and, along with them, the people’s needs and desires are changing as well. This is reflected in many ways throughout the economy, but perhaps the most interesting example we can ponder are the transformations that... More



    The Market for Ideas: Supplying and Demanding Thoughtfulness

    The Market for Ideas: Supplying and Demanding ThoughtfulnessRuminations that inspired the creation, three years ago, of a wilfully free-speech and free-access, hopefully critical and creative, magazine

    No. 21, Jan.-Feb. 2020

    It has been three years since our project – The Market for Ideas – took shape. We have tried to present our readers with interesting ideas from a wide variety of fields and penned by a wide variety of others. To the best of our abilities, we have tried not to... More



    Crossroad Years

    Crossroad YearsSensing 2019, with a tint of 1989 and a glow of 2020+

    No. 21, Jan.-Feb. 2020

    Human beings are obsessed with identifying trends and motifs in the passage of historical ages and to personalize, even deify, their geographical cradles. From the very sages of cultures and civilization(s) to the common folk, it seems that every turn... More



    MORE ARTICLES

    The Long Slide towards Autocracy

    The Long Slide towards Autocracy The price for freedom being eternal vigilance – János Kornai interviewed by Zoltán Farkas – 

    No. 2, Nov.-Dec. 2016

    There are, broadly speaking, two great societal (politico-economic) systems: coordinated power of men over nature and coercive power of men over men. Human civilization bears witness to several cultural hypostases of this fundamental dichotomy, whereas market freedom and democracy are considered (despite their cunning polysemy) the best combination from the possible worlds. Their adoption or rejection in various societies in history were the work of wisdom vs. ignorance, that were “discounted” / “enhanced” by the use and abuse of blunt force. More

    Eclecticism in Economic Theory is Just another Name for State Intervention: The Case of Virgil Madgearu

    Eclecticism in Economic Theory is Just another Name for State Intervention: The Case of Virgil Madgearu

    No. 2, Nov.-Dec. 2016

    Romanian economic historiography on Virgil N. Madgearu (1887-1940), economist and ideologue of the National Peasants’ Party, lacks of a coherent perspective on the ideas and theories underlying the great historical scene, despite its insights and factual information.The present study pays tribute to a classical liberal interpretation of economic history and economic ideas. It reconstructs the portrait of Madgearu, under the banner of “what would a classical liberal economist would have to say about him?” Was he closer to a laissez-faire approach, as understood by the French and British schools of thought, or to various other schools who support state intervention? More

    An Entity without Identity:  The Collapse of Football Fandom in Romania

    An Entity without Identity:
    The Collapse of Football Fandom in Romania

    No. 2, Nov.-Dec. 2016

    Can it really go deeper than that? Officially, 218 people have watched the Liga 1 (Romanian National football league) game between FC Steaua Bucharest and ASU Poli Timișoara at the largest venue of the country – Arena Națională (with an all-seated capacity of 55634). That accounts for less than 0.4% of tickets sold. Say 300 people by adding to the headcount the stewards, police forces and the guests who did not have to buy a ticket. And this still comes no more than a couple of weeks after the same home side, at the same arena, gathered around 500 football lovers for the match against Pandurii Tg. Jiu, a visiting side that also had some of its own ‘records’: 34 in attendance against FC Voluntari, 50 against FC Botoșani, 200 against Astra Giurgiu (the reigning champions) at a stadium of 20054 seats. More

    Trumponomics

    Trumponomics A New New Deal for the American people?

    No. 2, Nov.-Dec. 2016

    Western political culture is adept at communication through soundbites and sloganizing. Adding suffixes (-nomics, -care, -ism) to names of politicians is one way of supposedly distinguishing their brand of ideology from that of another – Reaganomics, Thatcherism, Clintonomics, Romneycare, Obamacare. Echoing Bill Clinton’s famous campaign war cry, “it’s the economy, stupid!”, Trumponomics is possibly the most important component of President Donald Trump’s “greatness agenda” that won him a previously unthinkable electoral victory. His detractors have lambasted his views as being both heretical to current orthodoxies, as well as overly simplistic, which is another way of bemoaning Trump’s effectiveness as a political communicator and the current electoral revolt against the tyranny of the expert class consensus. However, Trumponomics is being shaped by dissident thinkers[i] encouraged by Trump’s anti-establishment ethos as a valuable and timely critique of past and current policies and how they have affected America itself, not just in the sense of abstract figures like GDP. While it may be a sign of the Trumpmania that swept stock markets in the period leading up to the inauguration, Deutsche Bank[ii] has already announced that Trumponomics will double yearly US growth and add another 0.5 percentage point to global growth by the end of his term, ending the worst economic recovery since The Great Depression:   More

    Quo Vaditis, Civitates Foederatae Americae?

    Quo Vaditis, Civitates Foederatae Americae? An Analysis of the Significance of Donald Trump’s Victory in the US Presidential Elections

    No. 2, Nov.-Dec. 2016

    The morning of November 9, 2016 bore witness to what most media trusts from the US and abroad, and many observers from around the world, from ordinary citizens to Hollywood celebrities and politicians at the highest level, thought possible only in an alternate dimension where logic, reason and probably nature itself obey principles completely alien to our own: famous businessman, media personality and Republican Party nominee Donald J. Trump won the US Presidential Elections, garnering more electoral votes than his more politically experienced opponent, Hillary Clinton of the Democratic Party, wife of former US President Bill Clinton. More

    Blurred Lines: Good vs. Good, Evil vs. Evil

    Blurred Lines: Good vs. Good, Evil vs. Evil

    No. 2, Nov.-Dec. 2016

    The fundamental political changes of 2016 are shocking and depressing for some, while being heartening and refreshing for others. It marks the beginning of an era where the old ideological lines between the West and the East are blurring, not necessarily as a consequence of a new wave of politicians manipulating their way through the electorate, but rather due to a new wave of thought in citizens across the Western world. Once again, they are challenging the status quo and saying that the establishment and globalization need to go. More

    Between Continuity and Change: What a Trump Presidency Will Mean to Europe and the Transatlantic Link

    Between Continuity and Change: What a Trump Presidency Will Mean to Europe and the Transatlantic Link

    No. 2, Nov.-Dec. 2016

    President Trump’s rise to power will remain controversial for a long period of time. His path to the White House has been too unconventional and marked by the breach of most of the implicit rules of the US Presidential campaigns. Like most of the radicals entering the political arena, he made his way up into the headlines resorting to an unprecedentedly provocative kind of communication. He played his game asymmetrically, turning his opponents’ best qualities, such as experience and balance, into their worst vulnerability, and assigning to social media, and particularly Twitter, the task of mobilizing support. More

    Trump and the New NATO Paradigm

    Trump and the New NATO Paradigm

    No. 2, Nov.-Dec. 2016

    A specter is haunting NATO while Moscow dreams sweetly. Both are consequence of the new Republican President’s latest statements. This could lead us to believe that NATO might be under threat, not from the outside as one might expect, not from terrorism or from a resurgent Russia’s expansionist policy, but from the inside. This threat comes from the policy and perspectives that the US Administration seems to adopt regarding the essence of the Euro-Atlantic relation that NATO represents and its decisive role in defending and preserving its Members’ interests. More

    Vladimir Putin, Donald Trump and the BRICS of Contention

    Vladimir Putin, Donald Trump and the BRICS of Contention

    No. 2, Nov.-Dec. 2016

    Anyone looking for this “couple” on the internet will find almost 30 million articles indexed on Google [1], which means that interest in the relationship between the leaders of the big A-bomb powers is huge. This number grows every day and will surpass one billion by the end of 2020. We can distinguish between three types of analyses about the relations between those leaders. More

    What Does the Trump and Putin Relationship Mean for Asia?

    What Does the Trump and Putin Relationship Mean for Asia?

    No. 2, Nov.-Dec. 2016

    The US vote in favour of President-elect Donald Trump was a shock for Russian leaders, though a delightful one. According to public opinion surveys, Russia was the only country in the world that preferred Trump over Hillary Clinton. Post-election, the Kremlin argued that Trump and Putin’s views on major issues were very close and expressed cautious optimism that Russia–US relations could improve. In turn, Trump has repeatedly said that he would like “to get along with Russia”. More

    The Kissinger Era Consensus on China is Gone with the Wind!

    The Kissinger Era Consensus on China is Gone with the Wind!

    No. 2, Nov.-Dec. 2016

    In 2016, the global situation was characterized by chaos, changes of the international order through conventional warfare and through a new type of war – the hybrid war – while, for the first time in its history, the EU block’s survival was being openly discussed. Nevertheless, what was most frightening in the EU is the fact that, with far-right, anti-EU politicians in France and the Netherlands riding high in the polls ahead of elections in 2017, there is widespread speculation that Britain’s departure may be the start of a great unraveling of the European Union. There was also the added pressure of a resurgent Russia against former soviet countries and against the EU unity. The process of quantitative change seems to have reached the critical point, proceeding into the stage of qualitative change, and the Trump phenomenon is one of them. More

    Trump and Erdogan: Will It Be a Short Honeymoon?

    Trump and Erdogan: Will It Be a Short Honeymoon?

    No. 2, Nov.-Dec. 2016

    Trump’s electoral victory was viewed with cautious enthusiasm in Ankara, which looks forward to a reset of the United States – Tukey axis, after the policies of the previous Obama Administration contradicted several of the interests of the current Turkish political leadership.Even now, with the entire roster of Donald Trump’s cabinet known, the particulars of his foreign policy remain unpredictable, especially with regards to a region he is likely unfamiliar with and whose specificities he is likely to misunderstand. Many of Trump’s speeches on the campaign trail have been self-contradictory with regards to the region. For instance, he supported working with Iran to address the Daesh menace and then followed up on this with hints that he wished to renegotiate or even suspend the nuclear deal. More

    The Trump Administration’ Policies towards Iran

    The Trump Administration’ Policies towards Iran

    No. 2, Nov.-Dec. 2016

    The United States of America’s foreign policy is undergoing a significant overhaul since President Donald Trump entered office. Especially with regards to the Middle Eastern affairs, many aspects should be considered before a new policy is adopted since, after several unsuccessful interventions in the region, the implications of such expeditions should finally be assessed and used to inform future policies. The US invasion of Iraq in 2003 under the Bush Administration unleashed chaos in the broader Middle East, which was notably accelerated by the Arab revolts of 2011 – the so-called Arab Spring. There were two major trends: the dismantling or near collapse of the Arab republics (Egypt, Iraq, Libya, Syria, and Yemen) and a more visible sectarian rhetoric that deepened the gap between Iran (the Shiite powerhouse) and the Arab monarchies of the Gulf (with Saudi Arabia at the forefront, as the Sunni powerhouse). Such events reinforced the sectarian tensions and fueled the extremism that plagues the whole Middle East. More

    From Urbi to Orbi and Back Again

    From Urbi to Orbi and Back Again

    No. 2, Nov.-Dec. 2016

    The presidential elections in the US have become a global political spectacle, watched with bated breath by German executives, Chinese billionaires, the Pope in Rome, Wall Street traders, NATO allies and Russian journalists. The stakes are high for everybody. Donald Trump’s victory and uneventful transition into the White House may give people a chance to resettle their nerves and take stock of where they are politically in this “brave new world”. More

    Trump’s Approach to Sub-Saharan Africa

    Trump’s Approach to Sub-Saharan Africa

    No. 2, Nov.-Dec. 2016

    With the State of The Union address, the 45th US President will jumpstart his administration in full throttle. Pundits will take to speculating on the major directions of domestic and foreign policy to be followed by the Republican head of state. While China, Russia and the Middle East take the center stage, other geopolitical areas seem to fall under the President’s radar. More

    Security Risks for Eastern Europe in the Trump Era

    Security Risks for Eastern Europe in the Trump Era

    No. 2, Nov.-Dec. 2016

    Many Eastern European (EE) countries consider themselves insecure, stemming from Russian assertiveness, the possibility of a US-Russian “plot” and the inability of Europe to defend itself in the military sphere. These feelings are simultaneously both rational and irrational.Surely, the situation which had been developing in and around Ukraine since 2014 has destabilized the whole European security architecture. The war is taking place not far away from European borders but directly at the EU’s doorstep. The deepening mistrust in relations between Russia and the West spilled over into their structural contradictions on such issues as conflict management in Syria, military activities in the Baltic Sea, US anti-missile defense etc. Europe is suffering now from an absence of predictability, which was not the case after the demise of the Soviet Union and even during the Cold War with its neorealist strategic culture. More

    Our Priority Is to Present Donald Trump with a Romanian Project

    Our Priority Is to Present Donald Trump with a Romanian Project

    No. 2, Nov.-Dec. 2016

    The best answer to the question of how the complex relationship between Romania and the US will evolve during the term of the new President will be given either during the highly desirable state visit of the President of Romania to Washington DC, or during President Trump's possible visit to Bucharest. In order for the state visit of the Romanian president to become a realistic point on the Presidency’s Agenda at Cotroceni Palace, the Romanian diplomacy, starting from the current Foreign Minister and ending with the Romanian Ambassador to the US, should initiate a series of contacts overseas. They would impart the understanding, first to the State Department and then to the White House, that such contacts will have a significant echo on the Eastern border of NATO, where the Russian imperial pressure is constant and the Euro-Atlantic community is on the verge of implosion. More

    The Romanian Armed Forces’ Endowment Efforts – Better Times on the Horizon?

    The Romanian Armed Forces’ Endowment Efforts – Better Times on the Horizon?

    No. 2, Nov.-Dec. 2016

    2016 brought a new stirring to the Romanian political establishment, at least at declarative levels, regarding what may finally become a coherent and sustained effort towards equipping the Romanian Army with modern weapon systems and equipment. This sudden push comes at the eleventh hour, after three years of lethargy and, also, three years of conflict in neighboring Ukraine. More

    Not Too Big To Fail: The Story of the Rise and Fall of Marmorosch-Blank Bank

    Not Too Big To Fail: The Story of the Rise and Fall of Marmorosch-Blank Bank

    No. 2, Nov.-Dec. 2016

    Playing a substantial role in the economic and financial progress of Romania in the 19th century, Marmorosch-Blank Bank proudly exemplifies a history of former glory and success and the legacy of a fallen empire which could not hold on to reality and collapsed under the weight of its own ambitions. When one’s national stage is too small, money is not sufficient to buy dreams and the only thing that results when ambition collides with delusion is a very dangerous form of moral hazard. More

    The Book of Time

    The Book of Time Who is the genius behind the mass-production of books?

    No. 2, Nov.-Dec. 2016

    Time is a never-ending book. And each book is a time-keeper. Time itself is made of stories and each story is a chapter in the book of time. Still, the book is written and the stories go. Over and above, the story of the time has no clear start. Yet, the book had to reveal the tale with chapter number one. …let us give wings to truth that it may fly with the Word – Johannes Gutenberg  More

    Amfiteatru Economic, on the Market for Mainstream Scientific Journals

    Amfiteatru Economic, on the Market for Mainstream Scientific Journals

    No. 2, Nov.-Dec. 2016

    The global market of science publications undergoes continuous restructuring, an aspect that is increasingly manifest in economics and its subordinate econo-disciplines as well. This market is characterised by several specific trends with a long-term impact on all publications. First, the market of econo-sciences is marked by a spectacular and irreversible thematic diversification, the author being often replaced by a multidisciplinary team that contributes to the conception and writing of a scientific paper. More

    Protectionism: “Fairness” Is the New “Freedom”

    Protectionism: “Fairness” Is the New “Freedom”

    No. 2, Nov.-Dec. 2016

    Lately, the media and the Parliament have triggered debates on adopting protectionist measures: granting subsidies, “51% Romanian goods” quotas in supermarkets, restricting the selling of land to foreigners, closing large shops during the weekend, etc. The arguments rely on the need to support domestic capital, to secure food and/or energy, bailing out even loss making companies and avoiding unemployment. More

    Growth-at-All-Costs vs. Democracy – What Kind of Globalization?

    Growth-at-All-Costs vs. Democracy – What Kind of Globalization?

    No. 2, Nov.-Dec. 2016

    A few centuries ago, Teilhard de Chardin had spoken about the two sides of all matter: a “within” and a “without”. It has been proven many times that it is vital for the outer world and the inner world to move together at the highest level of harmony in order to achieve balance. One can say that a globalized society reaches to an overdeveloped “without” but, unfortunately, to an underdeveloped “within”. For others who speak about the crisis of meaning, it has become necessary to take into consideration that the world of matter, materiality, science, and technology, even though all of them are good in themselves, do not possess meaning in and of themselves, or none that can satisfy “man’s search for meaning”. They are tools, not ends in themselves. The year 2017 is one in which both scientists and decision makers must understand the difference between challenges and opportunities and to find optimal solutions to the first and the best use of the latter. As was proved during the debates in the framework of the World Economic Forum, the key words for every debate in the landscape of ideas and the actions are: uncertainty, opportunity, resilience, prosperity, democracy, populism.  More

    “The Future Ain’t What It Used to Be”

    “The Future Ain’t What It Used to Be” Idioms and idiosyncrasies in 2017

    No. 2, Nov.-Dec. 2016

    Among other memorable utterances, American baseball legend Yogi Berra once said “it is difficult to make predictions, especially about the future”. I would counter this and say that there is nothing easier, since most predictions will be long forgotten by the time they should be checked to see if they have stood the test of time. It is for the best, since many experts would be anything but expert, should we make it a point to check their forecasts for accuracy.  More

    The More Things Change…

    The More Things Change…

    No. 2, Nov.-Dec. 2016

    The future emerges from the interplay of countless factors. Any reasonable scenario will have a chance of happening, but some scenarios merit more advancement with regards to their likelihood of coming to pass. 2017 will be not only an extraordinary year but the beginning of an extraordinary period as compared to the last three decades. The key issues brought forth by the new political developments all over the world will be a return to the rhetoric of national interest. It will be a revival of bilateralism and realism, defined as power (or threat of power) politics.  More

    What Is Needed Is a “Stiff Upper Lip”

    What Is Needed Is a “Stiff Upper Lip”

    No. 2, Nov.-Dec. 2016

    We do live in interesting times, as the old saying goes. And no, this is not a blessing. Let us hope it is not going to be a curse either. If we look around us, 2017 is shaping up to be an interesting year for democracy and the Western world. 2015 and 2016 have not been very good either for Europe and particularly the European Union due to the terrorist attacks, the economic crisis in Greece and the waves of refugees coming from the Middle East and other areas damaged by war or sunk into the morass of poverty and dysfunction. All of these events have led to a rise in populism across Europe and many feel that this is the beginning of the end for the European Union. And we cannot forget that the EU is about to lose one of its key members, the UK, which chose to exit the European Union through a referendum. More

    Living the Change

    Living the Change

    No. 2, Nov.-Dec. 2016

    Rohit Talwar, futurist, strategic advisor, author and editor of “Fast Future, Accelerating innovation”, and a personal acquaintance in whose opinion I put great stock, used to say: “The next 5-10 years could bring about a greater level of change for individuals, society, business and government than the last fifty”. Robert M. Goldman, World Chairman of the International Medical Commission, among others, also advanced a similar vision by saying that: “Software will disrupt most traditional industries in the next 5-10 years”. More

    Musk v. Hawking

    Musk v. Hawking In 2017, the proponent of self-driving cars, Elon Musk, will square off against Stephen Hawking, who counsels for the ban of artificial intelligence in the military and heavy restrictions in the civil area

    No. 2, Nov.-Dec. 2016

    2017 will be a landmark year for discerning the direction for the Planet’s economies, politics, military strategies and its social and ecological paths.The United States has placed itself at the beginning of a new road which appears to be reconfiguring the international status-quo of the last decades on many levels. From an economic and financial perspective, we should not discount the strength that Washington’s new strategies will lend to the dollar. More

    A Crystal Ball and Some Econometrics

    A Crystal Ball and Some Econometrics

    No. 2, Nov.-Dec. 2016

    The global economy decelerated to 3.1% growth in 2016, the slowest pace since 2009, according to the estimates published by the International Monetary Fund in January 2017.In the United States (the main economy in the world, with a contribution of around 25% to the global GDP), the economy increased by only 1.6% YoY in 2016, according to the Bureau of Economic Analysis reports. The worst performance since 2011 was mainly caused by the deterioration of the fixed investments, given the accumulated effect of several challenges. However, the investment climate stabilised at the end of 2016, an evolution influenced by the euphoria of the financial markets after Donald Trump won the Presidential election. More

    Present and Future Tense

    Present and Future Tense

    No. 2, Nov.-Dec. 2016

    According to “numerology”, 2017 announced itself as a “universal 1st year”, a year that marks a new beginning and a chance to plant the seeds of intention for the forthcoming cycle. It will definitely be a start, but what the start signifies bears closer scrutiny! A turning point for Europe. With elections in France, Germany, Italy and Netherlands and with Brexit trudging along, the EU will be a battlefield in 2017, where nationalist and populist discourse will provide opposition to dialogue regarding the protection of the liberties of minorities, tolerance, and compassion. More

    The Deep State behind the Democracy

    The Deep State behind the Democracy

    No. 2, Nov.-Dec. 2016

    The results of the presidential elections in the US and the Brexit referendum in the UK are argument enough to read Peter Dale Scott’s books. Beyond the official media narrative, both of these events can be interpreted as a revolt against the crony capitalism that ties together technocrats from specialized institutions of the state (intelligence agencies, central banks, regulators etc.) and from transnational organizations (IMF, World Bank, European Commission etc.) who were not elected to their positions but named, and the private sector decision makers, from financial and banking institutions (Wall Street), Big Law, Big Oil and others. More

    Humours of an Election

    Humours of an Election William Hogarth on why we are governed no better than we deserve

    No. 2, Nov.-Dec. 2016

    One would think that, like Nostradamus, William Hogarth was given visions of the future which he could only portray through the filter of his culture and surroundings, in Oxfordshire, England, in the middle of the 18th century. His four paintings, collectively entitled “Humours of an Election”, read like an allegory of present day elections, whose wholesome exteriors are at odds with the vice often coursing underneath, erupting into sight either accidentally or at the instigation of rivals. The first three paintings (“An Election Entertainment”, “Canvassing for Votes” and “The Polling”) illustrate the endemic corruption during the election of a new Member of Parliament, supposedly from the 1754 elections. The last one, “Chairing the Candidate”, shows the Tory candidate victorious and celebrated by his supporters. The paintings are stunning for their detail and their intentional aesthetics of ugliness. Many threads are weaved simultaneously in the same painting. More

    The Juncker Commission Investment Plan and Its Potential Impact on the Romanian Economy

    The Juncker Commission Investment Plan and Its Potential Impact on the Romanian Economy

    No. 2, Nov.-Dec. 2016

    In 2016, the European Institute of Romania (EIR) released a study aimed at assessing the potential impact of the Juncker Commission Investment Plan upon the Romanian economy. Following a tradition of over 10 years in drafting strategy and policy studies (SPOS) in order to support the decision makers in formulating the necessary positions required by different European institutions, EIR has published in 2016 a series of 5 studies, relevant for Romania’s evolution in the European context. More

    The Business of Culture – Whose Enterprise?

    The Business of Culture – Whose Enterprise? Eminescu, Cervantes and Shakespeare Ink…orporated

    No. 2, Nov.-Dec. 2016

    Each 15 January and 15 June I think of why Eminescu is not more visibly and publicly appreciated by we Romanians, and, therefore, better known internationally? If you think this is not a well-constructed question, please let me tell you that it is. I will do so in the next paragraphs. And the comparisons with Shakespeare come naturally to my mind, against my better judgement, and the many examples I have myself to answer my above question. More

    The Chinese Dream – an Exhortation to Achieve

    The Chinese Dream – an Exhortation to Achieve

    No. 2, Nov.-Dec. 2016

    35% of Chinese think that the USA is an ideal country, while 26% claim that China is the ideal country. Ten years from now, however, 42% of Chinese will claim that their country is the ideal one, while only 14% will say the same about the US. The figures come from a comparative analysis published in 2014 by the British advertising and communication group WPP, titled “The Power and Potential of the Chinese Dream”. More

    The 12 Labours of Narendra Modi: India’s Demonetisation Saga

    The 12 Labours of Narendra Modi: India’s Demonetisation Saga

    No. 2, Nov.-Dec. 2016

    On the 8th of November 2016, the same day in which a revolutionary election took place, empowering Donald J. Trump to become the next President of the United States of America, the Indian Prime Minister, Narendra Modi, announced a radical decision for his country. In his address to the Nation, and in his endeavour to fight corruption and black money and to eradicate poverty and terrorism, Modi proclaimed that the five hundred and thousand rupee notes “will no longer be legal tender”, thus becoming “worthless pieces of paper”. More

    Saudi Arabia vs. Iran: From Proxy to Hybrid Warfare

    Saudi Arabia vs. Iran: From Proxy to Hybrid Warfare

    No. 2, Nov.-Dec. 2016

    Formerly strategic partners, Saudi Arabia and Iran have transformed the entire Middle East in a geopolitical chessboard. The breach occurred in 1979 when, in the aftermath of large protests, Shah Mohammad Reza Pahlavi was forced to abandon Iran, allowing the regime led by Ayatollah Ruhollah Khomeini to seize power in Tehran. More

    Youth Engagement for Development in the Danube Region

    Youth Engagement for Development in the Danube Region

    No. 2, Nov.-Dec. 2016

    The Danube river region has represented throughout history a cradle of civilization and of cultural, social and economic development. The choice for the motto of the European Union’s Strategy for the Danube Region (EUSDR) was obvious and it transmitted an important message of hope in order to marshal people and resources in the region towards the direction of development: “Danube, the river of opportunities”. More

    Tears in the Land of Smiles

    Tears in the Land of Smiles What will Thailand do without its father?

    No. 2, Nov.-Dec. 2016

    For most of us, Thailand is synonymous with exotic beaches, wildlife safaris, and tropical fruit unheard of in our part of the world – a well-deserved, yet too narrow portrait. Less is known, to the international public, about its social fabric and political struggles, although there are important evolutions to observe and discuss in these areas. Long story short, Thailand is one of the very few countries currently governed by a military junta, following a successful overthrow of the elected civilian government in May 2014, the second episode of its kind in the last decade. In fact, this country carries a long history of abrupt regime changes, having survived 19 coups in the past century, out of which 12 successful ones. In its oscillations between military authoritarianism and constitutional democracy, Thailand represents an interesting, rare mixture of monarchy, military rulers and civil politicians, being open and modern, yet unique in Oriental specificity.  More

    To a Sustainable, Secure and Safe Space Environment

    To a Sustainable, Secure and Safe Space Environment Reflections about the Establishment of a Cyber-Security Policy

    No. 2, Nov.-Dec. 2016

    Space-based systems play an important role in our daily lives and businesses. Telecommunications, weather forecasting, financial services, positioning applications and television are just a few of the thousands of services that heavily rely on space-based systems. As space-based systems are vulnerable to various threats, protecting these systems requires us to pay attention to (a) the space segment, (b) the ground, or control segment that is used to upload data to the satellites, to control the satellites’ orbit and performance and its associated ground communications network, and (c) the user segment that consists of any device allowing either to access services. This protection shall consider all phases of the overall mission lifecycle e.g. design, manufacturing, operations including launch phase and disposal phase. More

    A Window into the Future

    A Window into the Future The importance of understanding how elites are formed to deciphering a country’s future

    No. 2, Nov.-Dec. 2016

    Trying to figure out what America or some other important country will do is a cottage industry that keeps many analysts well fed and in the public eye. One analyzes country profiles, historical precedents, and the national culture and even performs biographical analysis on its decision makers. One area which this author feels is a useful weathervane for the evolution of America’s worldview and political options beyond the medium-term is to see how its elites will shift in the future. More

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    IN THE AGORA
    Agora
    “Pierre Werner Centenary” medal “Pierre Werner Centenary” medal

    The National Institute for Economic Research “Costin C. Kirițescu” of the Romanian Academy bestowed the “Pierre Werner Centenary” medal to the Rector of the Bucharest University of Economic Studies, Professor Nicolae Istudor, Ph.D., in recognition of his contributions to higher education and academic research and of his sustained efforts to promote the national culture and its values in the Wernerian sense of harmony and compatibility with the wider European civilization and its aspirations.

    The ceremony was occasioned by the 4th edition of the International Conference ESPERA 2016 on “Economic Scientific Research – Theoretical, Empirical and Practical Approaches”, which took place in Bucharest on December 15-16, 2016. Professor Nicolae Istudor’s keynote speech may be viewed here.

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    Geopolitics and the New Silk Road Geopolitics and the New Silk Road

    Professor Silviu Neguț, Ph.D., delivered a speech on the geopolitics of the New Silk Road and its Eurasian philosophical backdrop during a conference organized by the Black Sea University Foundation on the subject of “Oil and the New Silk Road”. The event took place on December 13, 2016, and brought together a host of noted Romanian specialists from academia, government and private sector. Among them were Vasile Iuga, Senior advisor at PwC Romania, Radu Dudău, the Energy Policy Group, and Liviu Mureșan, the EURISC Foundation. The discussions were moderated by Professor Dan Dungaciu, Ph.D., President of the Black Sea University Foundation and head of the Institute for World Economy, the Romanian Academy (details here).

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    NATO foreign ministers’ meeting NATO foreign ministers’ meeting

    Alexandru Georgescu was a participant, alongside Răzvan Munteanu, Iulian Popescu and Andrei Vlăsceanu, on the ZIUA Z (D Day) TV Show hosted by Col. (ret.) dr. Ion Petrescu on the subject of the latest meeting of NATO Foreign Ministers. The TV Show aired live on December 8, 2016, on 6TV and can be viewed online here.

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    Romania’s EU Council Presidency Romania’s EU Council Presidency

    On November 28, 2016, dr. Octavian-Dragomir Jora declared for Agerpres: “Looking forward to Romania’s Presidency of the EU Council in the first semester of 2019, our country has to employ wisdom and intelligence in mating two essential strains of modern governance by utilizing an appropriate political decision-making structure and an open and competent popular consultation. The first is going to be the often invoked ‘country project’. It does not have to represent a simple piece of ‘literature’, filled with the intellectual infatuation of the contributors and the documents’ custodians, but a two-directional educational exercise (between the decision-making and reflecting elites, on the one hand, and the public, on the other hand) and a sincere discovery of ‘national interest’. In my opinion, this is the best known ‘unknown’ of the domestic public discourse. It is a fixture in the national psyche post-accession, while remaining tantalizingly out of reach of both the public and the authorities and their advisors. The second one is this administrative exercise, which demands institutional maturity: the Presidency of EU Council. Addressed responsibly and rigorously, the course of managing the EU agenda represents a unique moment of opportunity and challenge which can have the benefit of improving Romania’s image as an exotic and erratic presence in the European picture”. (www.agerpres.ro)

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    European challenges for Romania European challenges for Romania

    Europarliamentarian Laurențiu Rebega and the Foundation for the Europe of Nations and Freedom organized on the 26th of November, in Târgu Mureș, the Conference “The European Union and Economic Challenges for Romania”. The event took place in proximity to the impending anniversary of Romania’s accession to the EU, nearly ten years ago. The presentations discussed the pros and cons of accession and highlighted the risks, vulnerabilities and threats that our country will have to manage. Professor Dumitru Miron, Ph.D., and Associate Professor Octavian-Dragomir Jora, Ph.D., from the Faculty of International Business and Economics, the Bucharest University of Economic Studies, Professor Nicolae Băciuț, writer and publicist, and Cora Maria Muntean, President of the National Association of Romanian Merchants (ANCR), were among the speakers (details here).

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    CEECs and the geopolitical winter CEECs and the geopolitical winter

    Alexandru Georgescu was a participant, alongside Răzvan Munteanu and Iulian Popescu, on the Valori Euroatlantice (Euroatlantic Values) TV Show hosted by Col. (ret.) dr. Ion Petrescu on the subject of the Geopolitical Winter in Eastern Europe. The TV Show aired on November 20, 2016, on 6TV and can be viewed online here. Key quotes and comments can be found here.

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    Science and the metrics of visibility Science and the metrics of visibility

    Octavian-Dragomir Jora delivered a speech at Târgul de Carte Gaudeamus (the Gaudeamus Book Fair), on November 16, 2016, during the launch of an important book, “A concepe, a redacta și a publica un articol științific. O abordare în contextul cercetării economice” (“Conceiving, Writing and Publishing a Scientific Article. An Approach in the Context of Economic Research”), written by Vasile Dinu, Gheorghe Săvoiu and Dan-Cristian Dabija. Octavian-Dragomir Jora argues that the neglect of scientific dissemination in national journals is a result of a structure of perverse incentives for researchers, for whom a series of “minimalistic” criteria have been set with an exclusively external orientation and without an attempt to establish a reasonable set of coefficients for truthful comparison between internal and external publications. This leads to distortions of the Romanian landscape for reviewing, validating and disseminating scientific ideas, hindering their gradual entry into the worldwide scientific marketplace and maintaining an unproductive separation between national and global spaces (details here).

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    Riga 2016, China-CEECs meetings Riga 2016, China-CEECs meetings

    As a member of the EURISC Foundation, Alexandru Georgescu was the only Romanian attending the International Think Tank Forum of China and Central and Eastern European Countries held in Riga, Latvia, on November 4, 2016, in parallel with a series of other events related to 16+1 cooperation, including the Summit of the Heads of Government of 16+1, the launch of the Logistics and Transport Center for 16+1 in Riga, a business forum and a conference of sinologists. A short article in Romanian describing the event can be accessed here. A publication titled “Afterthoughts of the Riga 2016 China and Central and Eastern European Countries Think Tank Forum” can be accessed here, featuring also a contribution from Alexandru Georgescu.

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    16+1 and Belt and Road initiatives 16+1 and Belt and Road initiatives

    As a member of the EURISC Foundation, Alexandru Georgescu accompanied EURISC Foundation President dr. Liviu Mureșan to the International Conference on Synergies between 16+1 and the Belt and Road Initiative, organized by the Shanghai Institutes for International Studies (SIIS) on September 25-26, 2016, in Shanghai. A short article in Romanian describing the event can be accessed here.

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    EU, liberal or illiberal momentum EU, liberal or illiberal momentum

    The Center for Institutional Analysis and Development – Eleutheria (CADI), The Friedrich Naumann Foundation (FN), The Institute for Economic Studies – Europe (IES – Europe) and The Society for Individual Freedom (SoLib) organized The September School of Economics, Politics and Philosophy, September 20-25, 2016, at the Hotel Apollo Hermannstadt in Sibiu, Romania. This year’s theme was “Europe at the Crossroads: Illiberal Challenges, Liberal Alternatives”. On this occasion, Octavian-Dragomir Jora delivered a speech entitled “Brave New Europe: Technology, Democracy, Technocracy, Demagoguery” (details here).

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