The Third Way: Social Economy and the Role of the State in This Context
The Third Way: Social Economy and the Role of the State in This Context

Author(s): Cristian Dumitrescu
Subject(s): Law and Transitional Justice, Governance, Law on Economics
Published by: Societatea de Stiinte Juridice si Administrative
Keywords: social economy; state; circular economy; financial crisis; migration; European Commission; action plan; trust;
Summary/Abstract: From the perspective of economic development, states of crisis are absolutely necessary to temper consumption excesses and thus avoid the too rapid depletion of resources. In other words, economic crises reconcile people’s needs and desires with the real possibilities of satisfying them in a certain historical period. Some analysts go even further by stating that periodic recessions avoid or postpone much more serious planetary crises: the depletion of basic natural resources, ecological catastrophes, large-scale climate imbalances. Recession periods force humanity to a critical attitude, self-assessment of lifestyles, restructuring of the economy, searches for new solutions in science and technology, sometimes even resettlement or modernization of social and institutional structures.

• Details
• Contents