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Economic Freedom and New Economic Paradigm


  • Veselin Vukotić

    () (Faculty for International Economics, Finance and Business, UDG, Podgorica; Institute for Strategic Studies and Prognosis, Podgorica; Institute of Social Sciences, Belgrade)


Are economic freedoms going to clear our way to prosperity? Is the growth of economic freedoms our path to prosperity? Is it in the base of the new understanding of development? If yes, what will necessarily have to be changed in the economic practice of every country and whole world in general? What will be changed in economic theory? What are potential consequences of an attempt to offer resistance to the new concept of development? These are just some of the questions discussed in this paper,whereas the starting point is the economy and economic development of Montenegro.

Suggested Citation

  • Veselin Vukotić, 2008. "Economic Freedom and New Economic Paradigm," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(1), pages 115-128, March.
  • Handle: RePEc:voj:journl:v:55:y:2008:i:1:p:115-128

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    References listed on IDEAS

    1. Ernst Fehr & Simon Gächter, 2000. "Fairness and Retaliation: The Economics of Reciprocity," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 159-181, Summer.
    2. Aspromourgos, Tony, 1986. "On the Origins of the Term 'Neoclassical.'," Cambridge Journal of Economics, Oxford University Press, vol. 10(3), pages 265-270, September.
    3. Vernon Smith, 2002. "Method in Experiment: Rhetoric and Reality," Experimental Economics, Springer;Economic Science Association, vol. 5(2), pages 91-110, October.
    4. Samuel Bowles, 1998. "Endogenous Preferences: The Cultural Consequences of Markets and Other Economic Institutions," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 75-111, March.
    5. Sonnenschein, Hugo, 1973. "Do Walras' identity and continuity characterize the class of community excess demand functions?," Journal of Economic Theory, Elsevier, vol. 6(4), pages 345-354, August.
    6. Roemer, John E, 1985. "Rationalizing Revolutionary Ideology," Econometrica, Econometric Society, vol. 53(1), pages 85-108, January.
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    Cited by:

    1. repec:voj:journl:v:63:y:2016:i:5:p:541-562 is not listed on IDEAS
    2. Mario Arturo Ruiz Estrada & Donghyun Park, 2014. "China’s Unification: Myth or Reality?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(4), pages 441-469, September.
    3. Pencho D. Penchev, 2014. "Carl Menger on the Theory of Economic History. Reflections from Bulgaria," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(6), pages 723-738, December.
    4. Camelia I. Lungu & Cornelia Dascalu & Chirata Caraini & Erica C. Balea, 2014. "Econometric Approach of the Scenarios regarding the Impact of the Consumer’s Empowerment and Companies’ Responsibility for Environment Sustainability on the Electricity Market Performance," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(35), pages 187-187, February.

    More about this item


    Economic Freedom; Economic Paradigm; Global economy; National state;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary


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