In the present article, we identify the corporation as a pluri-personal consistent “aggregate”. We treat the shareholders - managers tension as irrelevant, focusing on situations in which the “corporate” actors (the shareholding-managerial aggregate) gain in integrum social privileges,...

The logic of agency problems is that “legally” the principals are (institutionally) hampered from configuring or securing the contractual precautions they wish to enforce out of those available in a pure free market. We review topics pointing that omnipotent management phenomenon is not a...

Although, it is often said about the market-regulation antithesis, the market itself can not exist without regulation or without the State guarantee. Market exists because the State regulates private property, contracts, etc. The free market is not chaos but an organization whose responsible and...

Capital is strongly related to growth and development. Unfortunately, nowadays not many are those who actually understand the meaning underneath these connections. Our main concern becomes providing strong proof for the idea according to which a misallocation of capital betrays disastrous...

Over the past 20 years, I have supported the idea that the state intervention in the economy lays at the root of Romania’s most economic problems. Each and every time, I mentioned Romania as an example of a country that abused the state intervention in all fields from bailouts to...

Fast and shared growth in East Asia was ascribed to strong states and their peculiar institutional arrangements, free-market policies, and Asian values, respectively. This paper provides a critical overview of these rival accounts explaining the miracle and on post-crisis retrenchement. As...

This paper aims to analyze the determinants of state intervention upon the social and economic life, and to grasp their implications in terms of public policy. The study starts with an over time update of the main theoretical contributions. Some indicators that quantify the extent of state...

Without detailing the argumentation of various positions, it can be said that there are five main doctrinal orientations, with as many corresponding forms of political action – classical liberalism, welfare state, Keynesianism, direct interventionism, neo-liberalism – each expressing a...