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Islamic and Neo-Confucian Perspectives on the New Traditional Economy


  • J. Barkley Rosser, Jr.

    (James Madison University)

  • Marina Rosser

    (James Madison University)


This paper argues that the new traditional economy is an emerging form important both ideologically and in practice in the world economy today. It is characterized by an effort to embed economic practices within a traditional socio-religious structure while simultaneously seeking modern technology and high incomes. The examples of the Islamic economic system and the neo-Confucian economic system are considered in more detail, with the former seen as more significant ideologically and the latter as more important practically.

Suggested Citation

  • J. Barkley Rosser, Jr. & Marina Rosser, 1998. "Islamic and Neo-Confucian Perspectives on the New Traditional Economy," Eastern Economic Journal, Eastern Economic Association, vol. 24(2), pages 217-227, Spring.
  • Handle: RePEc:eej:eeconj:v:24:y:1998:i:2:p:217-227

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    References listed on IDEAS

    1. Krugman, Paul, 1991. "History and Industry Location: The Case of the Manufacturing Belt," American Economic Review, American Economic Association, vol. 81(2), pages 80-83, May.
    2. Krugman, Paul, 1980. "Scale Economies, Product Differentiation, and the Pattern of Trade," American Economic Review, American Economic Association, vol. 70(5), pages 950-959, December.
    3. Krugman, Paul, 1991. "Increasing Returns and Economic Geography," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-499, June.
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    Cited by:

    1. J. B. Rosser-Jr. & M. Rosser., 2009. "A Critique of the New Comparative Economics," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
    2. David Ackerman & Jing Hu & Liyuan Wei, 2009. "Confucius, Cars, and Big Government: Impact of Government Involvement in Business on Consumer Perceptions Under Confucianism," Journal of Business Ethics, Springer, vol. 88(3), pages 473-482, October.
    3. Gupta, Vipin & Surie, Gita & Javidan, Mansour & Chhokar, Jagdeep, 2002. "Southern Asia cluster: where the old meets the new?," Journal of World Business, Elsevier, vol. 37(1), pages 16-27, April.

    More about this item


    Economic Systems;

    JEL classification:

    • P40 - Economic Systems - - Other Economic Systems - - - General
    • P41 - Economic Systems - - Other Economic Systems - - - Planning, Coordination, and Reform
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics


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