IDEAS home Printed from https://ideas.repec.org/a/voj/journl/v58y2011i2p267-276.html
   My bibliography  Save this article

Quantum Economics

Author

Listed:
  • Veselin Vukotic

    () (Faculty for International Economics, Finance and Business, University of Donja Gorica – UDG, Podgorica, Montenegro Institute for Strategic Studies and Prognosis, Podgorica, Montenegro Institute of Social Sciences, Belgrade, Serbia)

Abstract

The globalization is breaking-down the idea of national state, which was the base for the development of economic theory which is dominant today. Global economic crisis puts emphasis on limited possibilities of national governments in solving economic problems and general problems of society. Does it also mean that globalization and global economic crisis points out the need to think about new economic theory and new understanding of economics? In this paper I will argue that globalization reveals the need to change dominant economic paradigm – from traditional economic theory (mainstream) with macroeconomic stability as the goal of economic policy, to the “quantum economics“, which is based on “economic quantum” and immanent to the increase of wealth (material and non-material) of every individual in society and promoting set of values immanent to the wealth increase as the goal of economic policy. Practically the question is how we can use global market for our development!

Suggested Citation

  • Veselin Vukotic, 2011. "Quantum Economics," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(2), pages 267-276, June.
  • Handle: RePEc:voj:journl:v:58:y:2011:i:2:p:267-276
    as

    Download full text from publisher

    File URL: http://www.panoeconomicus.rs/casopis/2011_2/07%20Veselin%20Vukotic.pdf
    Download Restriction: no

    More about this item

    Keywords

    Economic quantum; An individual; Innovation; Globalization; Development;

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • F01 - International Economics - - General - - - Global Outlook
    • N00 - Economic History - - General - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:voj:journl:v:58:y:2011:i:2:p:267-276. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ivana Horvat). General contact details of provider: http://www.panoeconomicus.rs/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.