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Towards a new paradigm for economics

Author

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  • Zaman, Asad

Abstract

Current 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.

Suggested Citation

  • Zaman, Asad, 2005. "Towards a new paradigm for economics," MPRA Paper 9816, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:9816
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    File URL: https://mpra.ub.uni-muenchen.de/9816/1/MPRA_paper_9816.pdf
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    Cited by:

    1. Askari, Hossein & Iqbal, Zamir & Krichene, Noureddine & Mirakhor, Abbas, 2014. "Understanding Development in an Islamic Framework," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 22, pages 1-36.

    More about this item

    Keywords

    Alternative paradigm; heterodox economics; poverty; lexicographic utility; needs and wants; basic needs approach;

    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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