Multi-Scale Integrated Analysis of Societal Metabolism: The Case of Romania

Dr. Raluca Iorgulescu Polimeni,
Dr. John M. Polimeni
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During the twentieth century, several countries in Eastern Europe were forced to make a transition from a democratic society and an open-market economy to a Communist command economy then, after a revolution, went back again to a market economy. However, the socioeconomic changes were not completely reversible. The history and turmoil of these countries represent an interesting example of socioeconomic hysteresis. Nicholas Georgescu-Roegen emphasized the irreversibility of the economic process and the effect of the entropy law governing physical and biological processes. He also promoted the concepts of hysteresis and societal metabolism. This paper will discuss the case of Romania for the period of 1930 – 2001 (1918 – 1947 Capitalist Society; 1947 – 1989 Communist System; 1990 – 2005 Transitional Economy). Using the Multi-Scale Integrated Analysis of Societal Metabolism (MSIASM) approach and information from various sources for social indicators and economic data it will construct the socioeconomic hysteresis cycle as the relationship between the degree of free-market operations and the social/institutional background at different points in time.

Keywords: Romania, Transitional Economies, Hysteresis, MSIASM, Southeastern Europe
Stream: Economics and Management
Presentation Type: Virtual Presentation in English
Paper: Multi-Scale Integrated Analysis of Societal Metabolism

Dr. Raluca Iorgulescu Polimeni

Assistant Professor of Economics, School of Business,
Economic Department, Siena College


Raluca Iorgulescu Polimeni is an Assistant Professor of Economics at Siena College in New York State, USA. She received her B.S. in Physics from Bucharest University, Romania, her B.A. in Economic Sciences from Constantin Brancusi University, Romania and her Ph.D. in Ecological Economics from the School of Humanities and Social Sciences at Rensselaer Polytechnic Institute, USA. She is associate researcher at the Romanian Institute for Economic Forecasting. Her research interests are in the fields of Ecological Economics, Economic and Sustainable Development, Welfare Economics, and Transitional Economies. She works to link these areas of interest together by examining the relationship between sustainable development and local community involvement using the Multi-Scale Integrated Analysis of Societal Metabolism (MSIASM) approach. She has published several papers on energy efficiency, on community supported agriculture, and on her Nigeria research.

Dr. John M. Polimeni

Albany College of Pharmacy

John M. Polimeni (Ph.D., Rensselaer Polytechnic Institute) is an Assistant Professor of Economics at the Albany College of Pharmacy. He has a B.S. degree in mathematics from Rensselaer Polytechnic Institute and a M.A. degree in Economics from SUNY at Albany, where he also received a Certificate in Graduate Studies in Regulatory Economics.
Dr. Polimeni is the managing editor of the International Journal of Transdisciplinary Research, an international journal devoted to integrating the study of economics with disciplines within the natural and social sciences, as well as the humanities. Dr. Polimeni is a Fellow Member of the International Congress of Chemistry and Environment and has been named an Honorary Member of the Scientific Council of the Romanian National Academy of Science. His primary research interests are energy efficiency, economic development, agriculture, and sustainability. Dr. Polimeni has published several articles in these fields.

Ref: I07P0296