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Crisis and Sustainability: Responses from Different Positions

14th Annual Conference of the Faculty of Economics and Business Administration Sofia, 7-8 October 2011


Edited By George Chobanov and Jürgen Plöhn

The volume contains an editorial and nine contributions to the proceedings of the 14 th international conference of the Faculty of Economics and Business Administration at Sofia University. The first part reflects on the persistent monetary, fiscal and economic crisis in the EU and other OECD countries. The second part deals with specific answers to economic challenges by municipalities and enterprises, treating clusters, NPM and M&A. In a broad sense, the third part is dedicated to sustainable development, including a theoretical, a predominantly political and a practice oriented contribution. The articles are written by authors from five nations: Bulgaria, Germany, Italy, Switzerland and the USA. In the background of each position, there is a certain national tradition; the authors use theoretical as well as empirical approaches. The volume encompasses ten figures and eleven tables.


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EDITORIAL JÜRGEN PLÖHN (EBC UNIVERSITY OF APPLIED SCIENCES HAMBURG/ MARTIN-LUTHER-UNIVERSITY HALLE) The fourth volume of the series on the annual Sofia conferences is based on the meeting in 2011. Well beyond the beginning of the international financial crisis that started in 2008 and still goes on in 2013, the 2011 con- ference dealt with a number of continuously relevant topics, but shows a hightened interest in pressing economic problems which are related to the US-dollar, the euro and other currencies. The first chapter of the volume in hand consists of articles that are rela- ted in one way or another to currency problems and to the underlying economic crisis. In a thoughtful article Corbett Gaulden addresses fiscal aspects of the European debt crisis from an American perspective, i.e. from the outside. He is especially interested in the relationship between short-term social welfare and long term fiscal policy. Thus Gaulden links the economic problems to politicians as policy makers. George Chobanov and Teodor Sedlarski use mathematical formula in order to express their ideas of social justice in a free society. As a superior equilibrium state can be reached by public policy rather than by pure market processes, the two Bulgarian authors strongly argue in favour of interventions into the economic process. A really human society requires more than the crude survival of the fittest, they stress. Jean-Pierre Gern’s contribution to this volume shows an even higher degree of skepticism towards neoliberal market economies. Gern points to differences between the...

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