Andreas Stamate-Ștefan
Andreas Stamate-Ștefan
Economist, Assistant Professor, Ph. D., the Bucharest University of Economic Studies, mainly interested in international trade - theory and policy -, comparative economic systems and history of economic thought
Trump, the Tariff Man, and the Necessity for a Distinction: Economist vs. Entrepreneur

Trump, the Tariff Man, and the Necessity for a Distinction: Economist vs. Entrepreneur

No. 52, Mar.-Apr. 2025 The dispute between Trump and the rest of the world regarding custom duties calls back into question a fundamental issue: the distinction between economist and entrepreneur. Furthermore, it shows us the fact that being a businessman, an entrepreneur or a capitalist (I shall use these three terms interchangeably), does not imply having a correct understanding of what is happening in/to the economy. Sometimes, simple economic consequences, such as the ones brought about by imposing a customs duty on imports, can pass you by. The way Trump, the Tariff Man, gives credit to certain Mercantilist principles of seeing international trade, enables us to take a deeper look into this distinction between economists and businessmen/entrepreneurs. More


On Brexit and Other Exits

On Brexit and Other Exits

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 the intricate EU institutional architecture, stands proof that in the age of multilateralism, unilateralism is far from a lost idea.  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

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


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