For almost a century, the famous C-K paradigm (formally known as Classics – Keynesian Paradigm) has been the apex of economic debate and research. The paradigm represents two schools of thoughts which, somehow, have prevailed till now. Economists who believe in either of the two schools have...

In policy domain, economics is concerned with decision about the best alternative for undertaking public and private initiatives. Economic decision is a complex issue since many explicit and implicit economic factors affect the available economic alternatives. This is particularly difficult when...