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Fundamental Contradictions Generated by Transition to Market Economy

Author

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  • Negoescu Gheorghe

    ("Ovidius" University of Constanþa, Faculty of Economic Science)

Abstract

N.N. Constantinescu was considered a promoter of new trends in the global economy in the 1970s when they recognized that there are contradictions in socialist economies. Then he said that there are contradictions, but true-born, that which can be solved by knowing their working class. Political line dictated the idea that socialism is superior just because capitalism has solutions for any problem. That was not so, have demonstrated the events of 1989 and how fundamental economic correlations have evolved during the transition from a planned economy to a market economy. We are currently in a very delicate situation in terms of financial deepening disparities generated by generating antagonistic contradictions which can ultimately lead to bankruptcy of a country's economy.

Suggested Citation

  • Negoescu Gheorghe, 2011. "Fundamental Contradictions Generated by Transition to Market Economy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 915-919, May.
    • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:915-919
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    More about this item

    Keywords

    contradictions; disparities; antagonistic; education; school;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics

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