A Contested Politician, a Great Venerated Economist - Mihail Manoilescu

• Author: Florin-Dan Puscaciu, Viorica Puscaciu
• Pages: 170-180

European Integration - Realities and Perspectives. Proceedings 2018

170

A Contested Politician, a Great Venerated Economist - Mihail Manoilescu

Florin Dan Pușcaciu1, Viorica Pușcaciu2

Abstract: There are many attempts of arguing the mutual profitable character of the international exchanges

from the part of authors for the classical theories of the international trade. Despite these trials, this

intercession was not achieved and also aroused criticisms. The aim of this paper is that of analysing the

original contribution of t he great Romanian scientist M. Manoilescu to the economic t heory of int ernational

trade. There were used both quantitative and qualitative methods, together with historical introspective in

order to capture the research evidence. The implications of this study could be upon the academics,

researchers, and also students interested in the economic theory and its applicability in practice. A reference

demarche in approaching the unfair exchange succeeded Mihail Manoilescu - the first great Romanian

economist. Together with him, our country comes into the universal Pantheon of the economical science,

even if it could be considered of the entire “AgrarТan East”. He sustained its interests, having various

contributions to the economical theory, even if the most representative is the study of the problems of

international trade. The illustrious Romanian economist intuited that behind this criticism there are

consciously or unconsciously covered deeper reasons.

Keywords: trade exchanges; comparative advantage; total productivity; national interest; production

possibilities frontier

JEL Classification: B3; B12; B41; F1; F13

MOTTO: “No nation has yet suffer because of trade“

Benjamin Franklin

1. Introduction. Discussion’s Framework

Authors of the classical theories of international trade, like Adam Smith and David Ricardo proved -

by their argumentation - the proper character of the international exchanges. Even if they apply to

numerical hypothetical examples - such as David Ricardo - his theory attired numerous supporters and

appreciations. Thus, is due to mention Paul Samuelson’s opinion whose assertion that the comparative

advantage on which is based international exchanges constitutes “tСe best idea of the economic

scТence”. Of course, it is not disputed the beneficial character of the international exchanges,

especially in the present time, when the world countries become more and more active on the

international exchange market.

1 Professor, PhD, Danubius University of Galati, Romania, Address: 3 Galati Blvd., Galati 800654, Romania, Tel.:

+40372361102, Corresponding author: fdpuscaciu@univ-danubius.ro.

2 Professor, PhD, Danubius University of Galati, Romania, Address: 3 Galati Blvd., Galati 800654, Romania, Tel.:

+40372361102, Corresponding author:ioricapuscaciu@univ-danubius.ro.