The Market For Ideas

Octavian-Dragomir Jora Dumitru Miron

The creation of cyberspace may be perceived either as a benign addendum to the biblical Book of Genesis or as man’s fatal conceit making a virtual world mimicking the inherited one. Is it a smarter cover for the physical world – with its old-days and more predictable social life, economic cooperation, and power politics – or a digital hallucination – leaving us disturbed? The godfather of cyberspace is considered William Gibson. He invented the word, using it in his SciFi Burning Chrome story and Neuromancer novel. You do not have to be full-time scientific-fantasist to get the side effects of an avatar-world. An avatar-world will accordingly develop goods and bads that will transcend it and trespass it. Its goods will enhance the source realms, its bads will strike back in it, as happened in the world of www, Facebook, Wikileaks and US presidential campaign interfered by maleficent descendants of the “dark-side” soviets. More

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“Are Central Banks Literally Independent?”Two sides of one highly sensitive debate. And two Romanian economists taking sides

No. 10, Mar.-Apr. 2018

Silviu Cerna Ion Pohoață

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... More

A Short Behavioural Analysis of the Changes to the Social Security Tax in Romania Economy Near Us (III)

No. 10, Mar.-Apr. 2018

Emil Dinga

Not Too Young to Run

No. 10, Mar.-Apr. 2018

Emmanuel Olusegun Stober

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... More

How Did Horses Become a Luxury?

No. 10, Mar.-Apr. 2018

Maria-Mirona Murea

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... More

How the Latest Trump Tariffs Will Affect Romania

No. 10, Mar.-Apr. 2018

Bogdan C. Enache

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... More

Jeffrey D. Sachs, to Talk in Romania on Sustainable DevelopmentThe Bucharest University of Economic Studies, Aula Magna, March 8, 3:15pm

No. 10, Mar.-Apr. 2018

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... More

On the Nature of the Concept of Tolerance Essay on three conferences delivered by Andrei Plesu, Mircea Dumitru and Horia-Roman Patapievici

Emil Dinga

I would like to discuss the following issues related to the concept of tolerance (the concept of intolerance can be derived, relatively un-problematically, from that of tolerance): the nature (source) of the concept of tolerance. More

Models of Globalization The first four meetings of the Interdisciplinary Scientific Seminar “Octav Onicescu”

Alexandru A. Popovici

By the end of June 2017, when the seminar on “Marxist mathematical economics” was wrapping up, I announced a plan to organize a scientific seminar on “Models of globalization”, and I expoused its basic themes. It extends the economic study from the national to the supranational (of international organizations) and global levels, as was the obvious progression of inquiries. In September, after consulting with potential participants and especially professor Emil Dinga (director of the Seminary “N. Georgescu-Roegen”, of Logic and Methodology of Economics), a plan of organization and a list of reviewers and reports were established. Hence, on the 28^th of September 2017, I was able to publish online the purpose, the organization and the program of the seminar, which was described as “interdisciplinary”. Latter on, under the approval of the participants, it was named “Octav Onicescu”, because he was an important promoter of interdisciplinary studies and the seminar was housed by the Institute for Mathematical Statistics and Applied Mathematics, of the Romanian Academy, which bears his name. I also managed for the seminars (together the discussions) to be recorded and published on youtube,com and to be broadcast live, through Skype. More

The Future of Economics Is Human

Nicoleta Stoianovici

Private actors have long embraced behavioral economics as a way to boost sales and profits yet, until recently, the line of study had not been endowed with a front row seat in the hall of economic policy development. This year’s recipient of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (called the Nobel Prize for Economics), Richard H. Thaler, increases the proportion of behavioral economists upon whom the prestigious award has been bestowed to 6%. His work offers a glimpse into a particular type of libertarianism: coined as “libertarian paternalism” by this year’s Nobel Prize recipient and the co-author of his bestselling book “Nudge”, Cass Sunstein, the pair argues for guiding people in their choices under specific conditions. Libertarian paternalism would prevent losses resulting from neglecting to act upon lucrative propositions such as signing up for a savings plan where the employer matches one’s contribution up to a certain percent of one’s income and reasons in favor of providing as default options for policy implementation the best alternative for the individual or society as a whole (such as automatic enrollment in said savings program) in order to assist fallible or inexperienced individuals with key decisions. Thaler tries to match the two seemingly conflicting interests of the individual and the group (to him, choices need not be a zero-sum game) by minimizing the cost of externalities through defaults that are beneficial to one party while interfering minimally with respect to the other (a widespread example is that of favoring opt-out policies rather than opt-in, on the one hand to increase the number of participants and, on the other, to bank on people’s inertia). More

In Pursuit of the West

Vlad Roșca

There is a ceaseless notion going on about the rearwardness of Eastern European states and their inability to build lastingness. Ideas uninterruptedly flow about a retrograde existence that keeps the East away from competing with the West; that the hiatus seems to enlarge day after day. Alignment with the West is one of the biggest endeavours of the East. Many efforts are put into an attempt of modernization which gives the impression of being beyond comprehension and realization. Arraying in the same clothes as the big brother looks to have become a mantra of the East, with an ubiquitous hope of a finest hour that will come when differences will no longer exist. Odd enough, the East sets its hopes in an ideal it has never managed to obtain for centuries, but which is now seen as an end goal. More

Man, Mansion, and Motion (II) A Forward History of Homesteading and Horsepowering

Alexandru Rîpa

The last argument concluded by leaving an open door to the second facet of our topic: the duality of transport/mobility & house/stability. We set up the context of our discussion based on the relationship between action and movement, which has applicability in the analysed duality. We argued how the action axiom is the spine of the above dualism and we performed afterwards a short review of the history of transport from its roots to its forthcoming developments. Having taken care of transport, we will discuss in this article how humans acted with regard to the concept of homesteading. More

BUSINESSance

Romania’s “Sonderweg” to Illiberal Democracy

Bogdan C. Enache

In German historiography, there is a current of thought dating to the 19th century regarding a “special path” (Sonderweg) of political development in Germany or German settled areas. Its first incarnation was a positive one, underlying the German aptitude for social reform and development in the absence of dangerous pressures. After WW2, it became a way of explaining the rise of Nazism and retconning it as inevitable, thus making the leap from theory to tool for self-blame. This article argues that Romania is undergoing its own Sonderweg to illiberalism, based on local specificities of a political and structural nature. More

BUSINESSance

“Unplugged Skills”: The Need to Live beyond Technology’s Limitations

Georgiana Constantin

It would seem as if there is an electrical outlet for everything from one’s toothbrush to their car now. Society is in continuous technological progress. Advances in scientific and technical knowledge have extended and improved our lives. Most of us live in comfort only afforded to kings a few centuries ago and with capabilities they could not have imagined. And with all the new technology come new skill sets, new job prospects, and exciting opportunities. We now have the freedom to work from home or from anywhere in the world, as long as we have a computer and a good internet connection. We can run a business online. We can shop online. We can keep in touch with people from thousands of miles away and deliver messages that reach them in seconds. Everything seems to herald in an exciting future. More

ecON/OFFice

A Romanian Perspective on the Three Seas Initiative

Liviu Mureșan Alexandru Georgescu

The Three Seas Initiative is a recent formula describing an older concept. Romania is a reflexive supporter of regional cooperation initiatives, but it is paying special attention to this initiative, as it encompasses a geopolitically significant area with relevance to long-term Romanian interests. This paper argues that this valuable initiative has a latent geopolitical subtext with regards to the two powers flanking the region which is perceived as such, if not commonly articulated, by the countries of the initiative. At the same time, the Black Sea will be a main deciding factor for the success and failure of the Initiatives, owing to several underlying conditions, as well as potential complicating factors. Any sort of Three Seas Initiative development will have to keep this in mind or else risk a concentration of vulnerabilities in the middle portion of the Initiative’s geographical space. The Three Seas Initiative must also be regarded from the perspective of synergies with Chinese initiatives, such as the Belt and Road Initiative and the 16+1 cooperation between China and Central and Eastern European countries. More

ecON/OFFice

Orient and Occident – Perceptual and Complementary Macro-Regions

Viorel Mionel

The Occident (The West) is a term that is borrowed from Latin (occidens) and translates as "sunset". From an etymological and semantic point of view, it refers to features of a geographic nature. The sunset, seen from the perspective of a fix point, means the west. Anyone at any point in the world can see that the sun always rises from the east and sets in the west. It follows that the West is located somewhere, where the sun sets. Examples of names that include terms such as occident and occidental (the West and western) are numerous, both in the western and eastern hemispheres: the Western Sahara or Occidental Sahara (the West African geographical region administered by Morocco), the Western Carpathians (Carpaţii Occidentali in Romanian; a Western Carpathian subdivision), Occidental Grand Erg (the area covered with sand dunes in the West of the Sahara desert), the Sierra Madre Occidental (mountains in western part of Mexico) or Negros Occidental (an administrative sub-region located in the western part of the Negros Island of the Philippines). More

Pandora’s Botnet How the cyber visionaries are sticking us with the bill

Alexandru Georgescu

Cybersecurity is mentioned so often that it has become a cliché like climate change, with the other thing they have in common being a disagreement on what solutions are required, who is responsible for them and whether there is a responsibility in changing behaviour so as to minimize these risks. All of these difficult questions are left unanswered not just by the conceptual breadth and diversity of the issue at hand, but also by the ease with which dilettantes and people with agendas can spot facile solutions that obviate the need for difficult questions and answers. More

The Grand (Binary) Chessboard: Security, Geopolitics and Geoeconomics in the Cyber-era

Adrian-Ioan Damoc

For each age that we think to define, there are words that describe the aspects or characteristics that are thought to define it best. The mid-twentieth century was known as the ‘Atomic Age’, when the results of research into nuclear physics were brought to the forefront with the detonation of nuclear bombs. Shortly thereafter, it was succeeded by the Space Age, with the drive to explore outer space and the competition between the world’s superpowers to develop technology to that end. Somewhere from the 1970s, the Information Age is believed to have begun, sprung by the Digital Revolution, with information technology playing an increasingly greater role in human affairs on an ever-growing number of levels: the economy, society, culture, language and politics. Thus, geographic distance became less and less relevant in defining human interaction, and physical contact was no longer an imperative for relations between people. More

Regulations Rather than Awareness Drive IT Security Efforts

According to a joint PwC Romania and Microsoft Romania survey launched today, “Security in the Digital World”, investments in cybersecurity are mostly driven by regulatory requirements instead of the organizations awareness of the actual and ongoing IT security threats. On the plus side, companies acting in highly regulated sectors such as the financial industry, for example, are usually better prepared to tackle cyber threats. More

Cyber Conflict and International Law

Metodi Hadji Janev

This article provides a brief overview of the international principles and standards applicable to cyber conflict. The main assumption is that globalization and technological development have changed the international order. These changes affect the nation states and principles and standards established to regulate their relations. The existing international law has limited applicability to regulate potential cyber conflict. Therefore, the International Community must take further steps to prevent these challenges. More

Terrorist Influence on Children in Cyberspace

Katarina Jonev

Terrorist groups are using cyberspace to propagandize ideological, political and religious concepts, for mutual communication and organization of activities, for planning attacks in the real world and for financing. Social networks such as Facebook, Twitter, Instagram, Telegrams have contributed to radicalization and recruitment, primarily of children and young people who accept the principles of terrorists and join their ranks. Modern ways of communication have enabled terrorists to successfully increase membership and their ranks without direct, physical contact. More

TheFILEstarters

A Community in Search of Unity, a Union in Search of Communion

The Faculty of International Business and Economics, from the Bucharest University of Economic Studies, hosted on 16th-17th November 2017 the 8th edition of The Future of Europe International Conference, with the participation of distinguished speakers and generous auditorium from Academia, public administration, and business environment. More

BOOKracy

Development Exposed Ian Goldin, The Pursuit of Development. Economic Growth, Social Change, and Ideas

Elena Tălmăcian

Ian Goldin’s book entitled The Pursuit of Development. Economic Growth, Social Change, and Ideas was originally published in English in 2016 by Oxford University Press and was translated in Romanian (În căutarea dezvoltării: creșterea economică, schimbările sociale și ideile) in 2017 by Comunicare.ro Publishing House (introduction: Paul Dobrescu; translation from English: Viorela Dima-coordinator, Raluca-Elena Hurduzeu and Elena Tălmăcian). More

KNOWlegacy

For a Privatization of Environmental Public Policies (Towards an intellectual climate change on sustainable development)

Octavian-Dragomir Jora

Climate change and sustainable development are, somehow, like “love and marriage”, and they go together like “a horse and carriage”; and if you ask “the local [as well as global] gentry”, they will say that this is “elementary”. But despite a basic consensus, that something is happening to our earthly environment and something must rapidly be done, the problem is much more delicate scientifically and politically. More

Defence and Security: The UK and Romania after Brexit

Adam Sambrook

We live in a better world than our parents or grandparents did. Romania’s GDP is a remarkable five times higher that it was at the turn of this millennium. More countries, like Romania, are more open, democratic and stable than they were a couple of generations ago. We are more tolerant, with more rights for religious, ethnic and sexual minorities. We have access to technologies that were unimaginable just a few decades ago. And even if we look outside the developed world, there is good news. In 1990, 1.9 billion human beings lived in extreme poverty. That number had, despite population growth, been cut in half by 2010. In 25 years, global mortality rate for children under 5 years of age declined by more than half. Many fewer people are contracting HIV/AIDS and more are living with it. More

À la recherche de l’identité perdue

Adrian-Ioan Damoc

In most contexts, the name Catalonia is typically associated with the world of culture, arts, architecture and sports. It evokes the splendour of the Sagrada Familia, the distinctive styles of Antoni Gaudi and Salvador Dali, the venerable Montserrat Caballé and, of course, the famous Barcelona FC. Yet, in the aftermath of the declaration of independence passed by the Autonomous Community’s Parliament on October 27, 2017, the name is now also associated with the increasingly prominent trend towards fragmentation that has defined socio-political dynamics in the Western world in recent years, in particular Europe. More

The 2017 Austrian Elections A hint on the gap between contemporary Austrian politics and Austrian economics heritage

Barbara Kolm

Since October 2006, Austria has been governed by a “big coalition” between the two major parties, the Conservative People’s Party ÖVP and the Social Democratic Party SPÖ. Years which, in the eyes of most, have been dominated by intergovernmental conflict and bipartisan obstruction. More

The Ebb of German-Turkish Relations

Heydar Mirza

The political crisis in the relations between Germany and Turkey deepens as the tensions grow and bellicose statements and mutual accusations envelop more dimensions of the bilateral agenda. Millions of Turks are living and working in Germany, Germans, in their turn, traditionally make up to around fifteen percent of the country’s tourism arrivals. The bilateral trade volume is around 37 billion U.S. dollars p.a.. Relations between Germany and Turkey have always been subject to serious and long-term synergies. Both sides have much to lose, but this, however, is not a dampener on hostile rhetoric. More

The Saudi Shake-up

Alexandru Georgescu

News of the ongoing purge of numerous high-level officials and Saudi Royal Family members by the Saudi government has rattled global markets and raised further doubts regarding the stability of the Kingdom. What some are calling a counter-coup is presented as an anti-corruption move that saw over 1,200 bank accounts frozen and numerous assets being seized. Two Saudi princes have also died, one in an as yet unexplained helicopter crash near the Yemeni border and the other, the youngest son of King Fahd who ruled Saudi Arabia until 2005, died in a shoot-out between his security detail and government forces. More

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A Short Behavioural Analysis of the Changes to the Social Security Tax in Romania Economy Near Us (III)