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The relation between religion, economy and the country became a major topic in the development of public welfare systems. Humans are political creatures that have the potential to realise the level of moral conscience to meet the needs of a better life, but humans as spiritual beings must have a...
Persistent link: https://www.econbiz.de/10012987223
hybrid of Capitalism and Socialism) and the Islamic economic system. It identifies through a review of theoretical economics …This paper compares the fundamental postulates of major economic systems i.e. Capitalism, Socialism, Mixed economy (a … system are the major problematic issues in Capitalism against which mixed economy has also shown limited effectiveness …
Persistent link: https://www.econbiz.de/10008497696
Conventional economics, both in its free enterprise and command versions sought to delink the science of economics from … ideologies. In such a society, an integration of ethics and economics provides a common acceptable solution to economic problems …
Persistent link: https://www.econbiz.de/10008543050
differences of how the transformation problem has been interpreted, why it was put to rest in mainstream economics and how it has … regained prominence in Marxian economics. …
Persistent link: https://www.econbiz.de/10005835565
gets accumulated and the specific historical trajectory of twentieth-century capitalism up to the present. …
Persistent link: https://www.econbiz.de/10005621372
After the demise of “real” socialism and the decline of “western” socialism, socialism can be salvaged as a social … socialism could derive from the socialization of consumption, if the consumption of public goods continues to make up a growing …
Persistent link: https://www.econbiz.de/10011260991
GDP per capita since the start of the disintegration of socialism. It is found that the transition has practically …
Persistent link: https://www.econbiz.de/10004961527
This paper analytically compares the theoretical foundations of major economic systems i.e. Capitalism, Socialism …, Mixed economy (a hybrid of Capitalism and Socialism) and the Islamic economic system. The research identifies that lack of … and monetary system are the major problematic issues in the current economic order. Socialism promises to create heaven on …
Persistent link: https://www.econbiz.de/10011109503
An economic topology can have many uses to the academician, student and practitioner. Refining a topology of economic systems helps bring together seemingly disparate characteristics and point out potential long run trends. The progression of economic systems over time and also brief...
Persistent link: https://www.econbiz.de/10011111125
The transition of several East and Central European countries and the countries of the Former Soviet Union from the socialist economic system to the capitalist one is studied. A recently developed microeconomic model for the personal income distribution and its evolution and a simple functional...
Persistent link: https://www.econbiz.de/10005623501