This paper identifies the sources on which Friedrich Hayek drew in order to develop his understanding of the notion of emergence. It is widely acknowledged that the notion of emergence plays a significant role in Hayek’s analyses of both the mind and the market. On Hayek’s account, the key...

Extension of theory using a multiple-case study design can contribute value to a particular theoretical perspective and further define the boundaries of the original theory. Most organizations today operate in volatile economic and social environments. Qualitative research plays an essential...

Spanish Abstract: Heredera de la filosofía política, la economía inglesa posmercantilista y la fisiocracia francesa, la economía política integró desde su origen la producción, a circulación y la teoría del valor en las teorías del Estado moderno y de la sociedad capitalista. En este...

After World War II the continent of Europe was devastated both structurally and economically by the war. George C. Marshall is the man who can be considered the father of outsourcing and foreign aid, because of his military skills and training he was able to devise a foreign policy plan as an...

Ludwig Mises' "Economic Calculation in the Socialist Commonwealth" ("Die Wirtschaftsrechnung im sozialistischen Gemeinwesen," Archiv für Sozialwissenschaft und Sozialpolitik 47.1 [1920]: 86-121) is known mostly in the English-speaking world through a translation by S. Alder (in F.A. Hayek, ed.,...

This paper argues that scarcity is not the fundamental economic problem, but rather distribution is. It also shows that economic growth will not solve our economic problem. Islam offers a radically different perspective on human economic problems and how to solve them. These are exposited in the...

The Quran is the primary source for the teachings and tenets of Islam. There are two to three other sources of Islamic doctrines to which one may also refer. As times change, the community may change social and economic policies rooted in Islamic values in order to meet a society's shifting...

The purpose of this paper is to provide a critical appraisal of the theme of zulm (injustice/exploitation) in light of the Islamic finance literature and the general attitude and approach of the Islamic finance industry and its advocates toward it.Based on an expanding theoretical and empirical...

An economic system called corporatism arose in the late 19th century, promoted by Anti-Cartesian French intellectuals dismayed at the "disenchantment of the world" Weber attributed to capitalism and by a Roman Catholic church equally dismayed with both liberalism and socialism. Corporatism...

In the past half century Islamic economics was eclipsed by Islamic finance movement. Gradually Islamic economics has taken a back seat without any economy to back it up empirically. Although Islamic finance emerged as an offshoot of Islamic economics and with the blessing and advocacy from...