Resistance to change is not a new concept in economic literature (Coch and French 1948, Boulding 1956). However, in the last few decades it has acquired specific connotations and meanings that deserve attention. The first aim of the paper is to analyze how the concept has evolved since its...

This study invents four types of non-monotonic utility functions that suit the sufficiency economy. With these utility functions, an individual may not get higher utility when consume more goods. Therefore, an individual requires an optimal level of income rather than a maximized level of income...

The worldwide economic crisis of 2007/2008 popularised the ethical questions within economics. Currently, few mainstream economists tackle these questions and the typical curriculum of economics often lacks input on philosophy, ethics and the history of economic thoughts. However, economists...

The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems...

This paper sheds light on the reasons that explain the dissatisfactions because of the behavioralist dominance within American political science academia. I show how and why the flaws and failures of the behavioralist analysis have created more room for the emergence of alternative approaches or...

Quantum Economic Development (or the QED MODEL) is an entirely new field of theoretical economic conceptualisation into the evolutionary end point of the New Global Economy. A full description of the process of forming a kernel of fundamental 'quantum like' logic of the architecture and...

In Part One of this paper we use the harmonic analogy of a musical octave to analyze mathematic ratios of U.S. real GNP. These ratios are generated by bringing together figures for U.S. real GNP over intervals of time – “spreads of years” – as numerator and denominator in a single...

How heterodox are ecological economists and how ecological are heterodox economists? How do both differ, if at all, from neoclassical economists when addressing environmental problems? In 2009 we probed such questions by conducting an international survey at economic conferences on the...

Neoliberal principles are positively thought by hegemonic western countries as something beneficial to humanity and societies across the planet. This claim is in sharp contrast to the followers of Islam, who believes that more than 1400 years ago Islam already provided the best and everlasting...

At present Islamic banking and finance has become a fast growing discipline. It ia the most practiced part of Islamic economics. At the same time there is increasing gap between the supply of and demand for the experts in the field. In spite of having advantage of teaching Islamic economics and...