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economics. Design/methodology/approach – A critical and comparative review of Islamic economics texts written by key proponents …‐political context are contrasted. Findings – The proponents of Islamic economics have had little success in shaping a distinctive …, Islamic economics has not been able to shed its neoclassical moorings, the very paradigm it originally set out to replace …
Persistent link: https://www.econbiz.de/10014805802
Persistent link: https://www.econbiz.de/10014805805
Modern “game theory”, unlike the Talmudic game method, is a highly advanced analytical tool, both in sophistication as well as in application. Nevertheless, the game as such, whether of chance or strategy, has been practised from time immemorial, including by the ancient Hebrews. It is...
Persistent link: https://www.econbiz.de/10014805806
Gorbachev′s book Perestroika is used to explain why the author believes the new policy of restructuring of the Soviet economy cannot and will not work. The policies of Perestroika are introduced and evaluated and the existing socio‐economic system presented. At the end of this sceptical...
Persistent link: https://www.econbiz.de/10014805811
The major objective of Aganbegyan′s book is to enhance arguments made by Gorbachev in the latter′s Perestroika. New Thinking for Our Country and the World . Like his leader, Aganbegyan asserts that the ultimate purpose of perestroika is people′s welfare and that the policy of the...
Persistent link: https://www.econbiz.de/10014805812
The major reason for the divergence of views regarding the definition of productive labour is the fact that the concept is viewed from different perspectives. For example, neoclassical economists see a world comprised of atomistic and selfish individuals. In this world, any kind of labour...
Persistent link: https://www.econbiz.de/10014805814
The outstanding economic growth of several East Asian countries has attracted world attention. Many observers have attributed the success of these Confucian countries to their common cultural values, such as respect for authority, loyalty to good leaders, preference for order, hard work, thrift...
Persistent link: https://www.econbiz.de/10014805822
Wage reform is an important aspect of Chinese economic reform. The success of wage reform is likely to depend upon the following understanding: Neither use of the efficiency‐oriented market wage system or use of the equity‐oriented planned wage system can solve the dual problem of economic...
Persistent link: https://www.econbiz.de/10014805823
The article attempts to reassess the world economy with an eye to understanding what is automatic about it and thus beyond the control of ational economies. Towards that end, Schumpeterian analysis is applied in an effort to illustrate how changes occur and how such changes affect discrete units...
Persistent link: https://www.econbiz.de/10014805828
The affinities of Smith′s invisible hand notion and Hegel′s cunning of reason are examined through a study of all the key locations in which the invisible hand and cunning of reason are introduced. Despite their differences in orientation and philosophy, both writers reach similar...
Persistent link: https://www.econbiz.de/10014805832