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,...

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...

Economists have become very influential intellectuals in our contemporary society. The scientific knowledge produced by the discipline and the academic status of economists can be considered as a decisive power resource in media debates and politics. The current state of economics has been...

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...

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...

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...

In this paper, Richard A. Epstein, Professor of Law at the University of Chicago, explains how there are substantial gains to be made from countries getting ‘easy’ policy decisions correct. Societies collapse and become impoverished when they do not accept the basic principles of freedom to...

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...

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...

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...

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...

Mit den politischen Konzepten der nachhaltigen Bioökonomie ist die Hoffnung auf Wirtschaftsformen verbunden, die zirkulär produzieren, erneuerbare Ressourcen nutzen sowie sozial gerechtere Zugänge zu Ressourcen ermöglichen. Die Diskurse zu solchen Konzepten zeigen vorhandene und neu...

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...

A Journey Through the History of Economics -- Stone Age, Antiquity, and Pre-Classical Period -- Classical Economics -- Neoclassical Economics and Recent History -- Present Day -- Current and Future Challenges of the Economy -- The Quintessence of Economic Thought -- The Most Urgent Issues of...

The concept of an economy requires us to characterise what human life and society are fundamentally about, or what is valuable and why. This includes our social relations with each other and to the ecosystems we live in, as well as our happiness, well-being and flourishing. Beyond the...