Purpose – The paper investigates the utility of economic theory for post-Communist economic transformation. It serves to explain the main reasons for market reform failure in different post-Communist countries. Design/methodology/approach – A literature review suggests that after the...

The article considers that conceptual frameworks exist not to portray truth as an absolute, but rather to provide order and guidance to actions and behavior. From such perspective, the article considers that ethical frameworks assist in our attempt to balance the instinct that we have to look...

Purpose – The purpose of this paper is to counteract Epstein's views on the alienability of property. Epstein favors limitations of laissez-faire capitalism regarding such things as guns, liquor, narcotics, certain books and voting and this paper aims to criticize them from the perspective of...

Purpose – The aim of this paper is to show that there could still be the possibility of a complementary relationship between capitalism and socialism (effective state), so that a higher human, social and economic order is realised. Design/methodology/approach – The paper is a meta-analytical...

Purpose – The wake of a natural disaster is a tumultuous setting. Resources are scarce, actions are quick, and emotions are high. Social commentators have often brought complaints against capitalism for promoting greed and selfishness during and after natural catastrophes. Most recently...

Purpose – Capitalist transformation of the public sector is global phenomenon that affects many countries. This paper seeks to examine recent public sector reforms introduced by the Government of Botswana to improve civil service performance. The underlying political philosophy behind the...

Debates about the role of capitalist corporations depend ultimately on their response to the enduring question of 'who controls the large modern corporation'. This article aims to identify various competing schools of thought that can be classified as 'managerialist' and 'anti-managerialist',...

Purpose – The purpose of this paper is to review the evolution of the global financial crisis, draw lessons from it, and analyse its effect(s) on the Islamic financial industry (IFI). Design/methodology/approach – Based on an extensive literature review, this paper aims to highlight,...

Purpose – The aim of this paper is to explore and discuss the causative factors of the current financial crisis from an Islamic perspective. This paper also examines Islamic finance as an alternative financial system and a potential long-term solution to financial instability....

Purpose – The purpose of this paper is to examine sixteenth century Netherlands business organisation and accounting practices, then the most advanced in Western Europe, to test Sombart's theory that scientific double entry bookkeeping was an essential prerequisite for the development of...