Florin Georgescu: A New Outlook on Romanian Capitalism

In 2021, the Romanian Sociological Association awarded economist Florin Georgescu its Award for Excellence. This essay covers the author’s magnum opus, titled Capital in Post-communist Romania, and focuses on the content most relevant to sociology. Unique in size and scope, the approximate 1,000 page three-volume book features three books in one: a 30-year economic history of Romania, a critical analysis of the way the Romanian capitalist economy developed in the second half of the 2010s, and a blueprint for structural reforms to foster development and reduce inequality. The essay includes a short author presentation and an overall review of the book’s contents, an appraisal of the work’s style and originality, and a review of the themes and subjects most salient for sociologists: capital ‒ labour relationship and the distribution and redistribution system, income and wealth inequality, precarious work, the transition and privatisation processes, structural problems of capitalism, and development policies.