The total of foreign debt of less developed countries (LDCs) is so great that only a modest part of the interest and principal due is ever likely to be paid. The dilemma of the situation is that further capital inflow is necessary for growth and poverty relief, but is unlikely to be granted...

By “social economy” I understand a revised approach to economic science which underpins its work by incorporating values from social philosophy to re‐interpret and re‐direct an important part of its positive enquiries. It is, if you prefer, an extended version of what some call...