Purpose – The purpose of this paper is to expand and further pursue the quest on value transfer in trade. The reason is that the assessment of the cause, the source and the mechanism of value transfer in trade may reveal the rationale upon which the observed and long-lasting differences in...

Dualism - the division of an object of study into separate, paired elements - is widespread in economic and social theorising: key examples are the divisions between agency and structure, the individual and society, mind and body, values and facts, and knowledge and practice. In recent years,...

In the past two decades, Thailand experienced a prolonged economic boom followed by a collapse. During the boom the incidence of absolute poverty fell dramatically but relative inequality increased. The collapse of 1997 had the reverse effects. The poor became significantly worse off in an...

Gives a brief account of what has happened, what is happening and what is going to happen in the country formerly called the Soviet Union. Analyses the socio‐economic nature of the Soviet system and its evolution prior to Gorbachev′s reforms. Presents the causes for the emergence of...

Economists are divided about population growth: the pessimism of neo-Malthusians contrasts strongly with the optimism of cornucopians. Despite their differences, both schools of thought reject economic orthodoxy and prefer evolutionary forms of theory. Their interpretations of evolution are...

Purpose – The purpose of this paper is to critique the philosophical underpinnings of the growing field of Islamic economics. Design/methodology/approach – A critical and comparative review of Islamic economics texts written by key proponents during the last eight decades is undertaken. The...

Purpose – The purpose of this paper is to identify the main determinants of the probability of a household being poor, middle class, or rich. Design/methodology/approach – A new and integrated approach to the measurement of inequality in income distribution, poverty, and richness was...