In the classical economists' surplus approach retrieved by Sraffa (1951; 1960) and Garegnani ([1960] 2024), institutions regulate the material basis of society and, in particular, the extraction and distribution of the social surplus. In this regard, classical theory provides a material anchor,...

Nicht nur Extremwetterereignisse der letzten Monate verdeutlichen, dass der menschengemachte Klimawandel mehr und mehr zum Handeln drängt. Der Komplex Klima und nachhaltige Wirtschaftspolitik ist daher ein wichtiges Thema im Unterricht: Hier können Forschungsergebnisse der Klimawissenschaft...

There is a prevailing belief that international law can be harnessed to prevent international problems. However, international law is an intrinsic part of the current state of the capitalist world system. This issue is often overlooked in the dominant discourse. Yet, the international law,...

This article examines the case of South Korea, in which the external private debt management leveraged the symbiosis of the authoritarian regime and the neoliberal policies in a less-developed country. In the pursuit of post-war growthamship, against the meddling of allies with official loans,...

Purpose - Regulating and guiding the sound development of capital under a socialist system is not only a significant theoretical innovation rooted in Chinese practice by the Communist Party of China (CPC) but also a major practical exploration for the smooth progression of the party and the...

Interest in socialism is growing throughout the world. But "socialism" too often simply means belief in equality, democracy, and solidarity with working and oppressed people. That vision remains crucial; but we also need to re-develop the theory of a socialist system -not just a middle path, a...

This study investigates the relationship between Institutional quality, Economic freedom, technological advancement, and Islamic financial development in selected OIC countries. This study employs the panel estimation method to examine annual data pertaining to Islamic bank industries across 22...

Notwithstanding its ruthless dynamics, the capitalist economy has the flaw of deficient employment-generating spending. This leads to unemployment of non-owners, individual suffering, social unrest and it undermines military strength. To deal with these issues, states use prosthetic policies,...

Abstract: Capitalism is no more, Capitalism ($360 trillions) shall be ruined by Human Resource Economic System($932trillions) nearby, Mankind shall be removed the black spot of Poverty, & inequality on face of civilisation. To understand present Economic System, codification of four basic...

Drawing from neo-Gramscian theory, the paper explores how urban austerity governance mediates crises of neoliberal hegemony. Focusing on the decade after the Global Economic Crisis of 2008–2009, it compares four European cities disclosing five intersecting characteristics of urban political...

Several disciplines in social sciences have shown that institutions that promote cooperation facilitate mutually beneficial exchanges and generate prosperity. Drawing on these insights, this paper develops a Reservation Economic Freedom Index that classifies institutions on a sample of Indian...

In The Road to Serfdom F. A. Hayek set out the danger posed to freedom by attempts to apply the principles of wartime economic and social planning to the problems of peacetime. Hayek argued that the rise of Nazism was not due to any character failure on the part of the German people, but was a...

Honors Research: PPE @ UPenn | This thesis seeks to address some of the most central questions to the fields of political philosophy and political economy. How can social order and government develop from anarchy under standard economic assumptions of rationality, where all agents act strictly...

The index published in Economic Freedom of the World measures the degree to which the policies and institutions of countries are supportive of economic freedom. The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to enter markets and compete, and security of the...

This article carries on the research agenda of mapping EU's capitalist diversity by taking an up-to-date snapshot of capitalist types regarding the period between two recent major crises (2014-2019). During the update the research framework has been further improved with more relevant...

Purpose - The socialist political economy with Chinese characteristics is a systematic economic discipline, which theoretically summarises the socialist economic system and the path of economic development with Chinese characteristics. It is a systematic economic theory of adapting Marxism to...

Purpose - This paper aims to determine the status of the socialist market economy through a logical analysis of the evolution of economic systems in human society. Design/methodology/approach - This paper presents an analysis of uncertainty and the functions performed by different economic...

The principle of benevolence is at the root of Martin Luther's (1483-1546) thinking on society, the economy, and business ethics. Luther was the forerunner of the moral economy. He saw the necessity of strong public authorities, which should take into account the public interest, leading to a...