Towards a new paradigm for economics
AbstractCurrent economic theory is mainly concerned with the factors which affect the wealth of nations. Issues of income distribution and elimination of poverty and deprivation are secondary. We suggest an alternative formulation which would make hunger and homelessness, and poverty in general, the central concern of economics and economists.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 9816.
Date of creation: 2005
Date of revision:
Publication status: Published in Journal of King Abdul Aziz University: Islamic Economics 2.18(2005): pp. 49-59
Alternative paradigm; heterodox economics; poverty; lexicographic utility; needs and wants; basic needs approach;
Find related papers by JEL classification:
- A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
- B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
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