Place and significance of the liberal aspect of economic thought in modern Romania (1859-1918)

Abstract

Liberalism has occupied the central place in economics in Romania during the transitional period, indeed from the traditional economy (Middle Age) to modern economy especially in the first decades of the existence of modern Romania. Given these conditions, it is thoroughly justified the enhanced interest, shown both by the experts as well as by the public opinion regarding the history, its contents and the practical role, fulfilled by the economic liberalism within the context of the progress of the Romanian society. In this paper differentiated conclusions for Romania are drawn in a duplicate matter. On the one hand, bearing in mind the economic processes in real life and on the other the controversies of ideas among the aspects and the economic thinking, respectively in the process of materializing and clarifying the political and ideological profile of different ideas of economic thought during a very long period of over half a century.