TheMarketForIdeas

Sebastian Bălănică
Sebastian Bălănică
Master’s Degree student in International Economy and European Affairs, Faculty of International Business and Economics, Bucharest University of Economic Studies. Interested in European foreign affairs, qualitative and quantitative data analysis and economic theory
The Saga of Income Inequality: A Three-Dimensional Problem and a Non-Existent Solution?

The Saga of Income Inequality: A Three-Dimensional Problem and a Non-Existent Solution?

Ioana Diaconescu, Sebastian Bălănică

Income and wealth disparity is one of the defining problems of our time. In sophisticated economies, the wealth gap between the rich and the poor is at an all-time high. Inequality developments in emerging markets and developing nations have varied, with some countries experiencing declining inequality while others continue to experience entrenched disparities in access to education, health care, and finance (Gradín, 2021). As a result, governments and scholars are debating the extent of inequality, its origins, and what to do about it. More


New Institutional Economics, the Anthropomorphization of Institutions and Pathologies of Organisations

New Institutional Economics, the Anthropomorphization of Institutions and Pathologies of Organisations

Sebastian Bălănică

One of the main weaknesses of New Institutional Economics (NIE), identified by Herbert Alexander Simon (1991), is the inability of NIE to understand organizations, and thus the institutions themselves, on account of the fact that the mechanisms and tools used in this sense had been derived from neoclassical economics and from the market.  More


Piketty-Saez v. Lakner-Milanovic: Visions on Income Inequality

Piketty-Saez v. Lakner-Milanovic: Visions on Income Inequality

Ioana Diaconescu, Sebastian Bălănică

The issue of labor in contemporary Economics and society is a very interesting one. First of all, the rapid changes such as the accelerated evolution of technology and the emergence of new economic paradigms have radically influenced the vision on labor. Secondly, with all of these changes, some positive, labor still faces many issues, some of which are very old, such as forced labor or even slavery – even now, with its contemporary forms – and some which are a direct result of modernization, such as low job matching efficiency or welfare systems. These are related to another set of problems, which go hand in hand with those of labor, namely inequality issues, especially those of an economic nature.  More


FIRST EDITION

SUBSCRIPTION

FOUNDATIONS
The Market For Ideas Association

The Romanian-American Foundation for the Promotion of Education and Culture (RAFPEC)
THE NETWORK
WISEWIDEWEB
OEconomica

Amfiteatru Economic