Ioana Negru

Lucian Blaga University of Sibiu · Department of Marketing Management and Business Administration

This paper testifies to the fact that the proclaimed independence of central banks, as conceived by its founders, is nothing more than a chimera. We demonstrate that the hypothesis ‘inflation is a purely monetary phenomenon’ does not substantiate the case for independence. Further, the portrayal of the conservative central banker, the imaginary pri...

Suggesting socio-cultural values are selectors of institutions and institutional practices, and institutions in turn are selectors of (economic) behaviors, we investigate what explains the persistence of institutions that were aligned with past socio-cultural values when the values subscribed to in society have fundamentally changed. What, in other...

p>Actors, including economists, carry a responsibility for their actions and the consequences thereof seems obvious. In economics and among large numbers of economists this notion that economists should be responsible for their actions and the consequences thereof is not shared widely, as the financial crisis of 2007–8 and its aftermath indicated....

Mainstream economics offers a perspective on the gift which is constructed around exchange, axioms of self-interest, instrumental rationality and utility-maximisation – concepts that predominate within conventional forms of economic analysis. Recognising the gift as an example of social practice underpinned by social institutions, this book moves b...

How can gift and gift-giving studies be relevant to the study of institutions and vice versa? This is the question we broadly address in the introduction to this symposium while drawing on the contributing articles and sketching out a possible future research in a perspective of integration between these two fields of study. Is the gift an institut...

This paper considers from a methodological point of view why disputes in macroeconomics over its fundamental assumptions regularly occur. It analyses the problem first using Kuhn's concept of the paradigm and then draws on McCloskey's use of rhetorical analysis. It finds the latter of limited help due to the problem of incommensurability between pa...

The aim of this article is to explore defining characteristics of schools of thought in economics, with Austrian economics chosen to illustrate some of the themes raised. This article argues that a school of thought can be interpreted as an entity that comprises both a system of thought and its member practitioners. Furthermore, a school of thought...

The economics profession has been heavily criticised for not anticipating the economic crisis that began in 2007. And even now economists seem unable to suggest ways out of this crisis. It is widely acknowledged that the emphasis of modern economics over the last 50 years has been heavily mathematical and formalistic. The aim of this paper is to ex...

This paper introduces this special issue on heterodox economics of the environment and sustainability. At present humanity faces several challenges, such as resource scarcity, biodiversity loss and climate change. And yet, we would argue, contributions from traditional 'heterodox' schools of thought such as Post Keynesianism, Marxism and (to a less...

Both interdisciplinarity and care are in their own way central concerns for green economics. Green economics has on its agenda a more integrated approach of the economy, the environment and the social. As such, its approach is inherently interdisciplinary. And the concern with the environment calls on a way of relating to the latter in which care,...

Considerable attention has recently been directed towards the analysis of pluralism in social science, not least in economics. Plurality is often taken as a mark of pluralism. But it is not the same thing, and often indicates little more than a disconnected fragmentation of contributions to a topic. We believe, in fact, that such fragmentation is r...