Discusses the meaning of the term new world order (NWO) and defines its economic dimensions. Identifies three common principles of any workable NWO: material, social and spiritual dimensions. Links these dimensions in an analytical framework. Reviews the literature on the theories and concepts...

A collection of essays by a social economist seeking to balance economics as a science of means with the values deemed necessary to man′s finding the good life and society enduring as a civilized instrumentality. Looks for authority to great men of the past and to today′s moral philosopher:...

In the Theory of Modern Sentiments Smith distinguishes between the actual impartial spectator and the ideal; the man within the breast – a mechanism that allows Smith to extend the theory of moral approbation to judge the actions and motives of the agent himself. Argues that the significance...

Addresses the question: “Are Christian values reflected in contemporary American economic ethics?” Compares the ethics dictated by neoclassical production theory with the Christian production values found in Pope John Paul II′s encyclical, Laborem Exercens . The encyclical rejects the...

An intellectual symbiosis exists between social economics and institutional economics because the strengths and weaknesses of these two leading schools of heterodox economic thought are complementary. Axiology and goals are the strength of social economics and the weakness of institutional...

Communism appears to have a “better image” in the West than fascism and Nazism. The apparent reasons for this are revealed and commented on, and the conclusion is that the West should not be misled into a compromise with Soviet communism.

Marxism‐Leninism has played an instrumental role in the achievement and consolidation of a hitherto unparalleled concentration of power by the Communist Party of the Soviet Union. The key aspects of this ideology are: (1) the concept of a Vanguard Party led by professional revolutionaries...

China is now in the process of transition from an old to a new economic structure. The ideas of the old versus the new, the developing of new economic commodity ideas, co‐exists with the spread of old ideas; their coexistence and contradiction become the conspicuous phenomenon in the...

It is shown that the destination of communists can never be reached. The goal of the perfect society is one which lies beyond the powers of human nature. The analytical teachings of Marxism were accepted by Lenin who devoted himself to the implementation of them in a Russian setting and thereby...