Multi-Scale Integrated Analysis of Societal Metabolism: The Case of Romania
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
Dr. Raluca Iorgulescu Polimeni
Assistant Professor of Economics, School of Business,
Dr. John M. Polimeni
Albany College of Pharmacy
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.