WORLD CRISIS IN THE MIRROR OR THE UTOPIA OF A WORLD WITHOUT CRISIS
WORLD CRISIS IN THE MIRROR OR THE UTOPIA OF A WORLD WITHOUT CRISIS

Summary/Abstract: A world without crisis may seem an utopia. A crisis is a necessary feature that accompanies the evolution of a human society. The crisis from 2007 showed how difficult is to apply macroeconomic governance and regulations, taken on the contours of globalization. The policymakers did not have to deal with a “simple” macroeconomic imbalance, but with layered crisis which had to be cured using a network of solutions. Crisis are not pure, but combine features of several known theoretical patterns. The profligacy of governments and etatist institutions represents the core-triggering element. The financial institutions which performed risky and costly maneuvers made possible the return of Keynesianism in most of the cases. Although the exacerbated regulations may cause a decisive step towards the new failure of the state, these theories conduct to the evolution of the economic theory.

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