This site presents papers that scholars have submitted for publication in Economic Thought. You are cordially invited to comment on these papers.
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Although modern economics has developed for a quarter millennium, it has become far from the usefulness in the economic lives of people because one of the most fundamental troubles has not been resolved yet; its unrealistic preconditions such as scarce …
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Posted for review 7 Nov 2023
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Economics is losing people’s trust because it is rarely useful in the economic lives of people. Even its price theory, mainstay of economics, is scarcely utilized to invest into the stock market which nearly meets its stringent prerequisites such as …
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Posted for review 7 Nov 2023
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This paper posits that Heraclitus’ work constitutes a somewhat underappreciated foundation in the study of socioeconomic thought. It then differentiates his perspective from earlier economic thought in ancient societies and critically examines the surviving fragments of his work. The dialectical …
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Posted for review 7 Nov 2023
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The main intent of this article is to investigate the social nature of an economic agent in a realistic setting of the market. After a methodical and detailed reading of the classical writings by Adam Smith, Marx Weber and John …
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Posted for review 21 Apr 2022
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1 comment
Post Keynesian Economics has shifted away and even renegade from Keynes’ original research program, i.e., the Unemployment Equilibrium thesis, endogenous money and liquidity preference determination of interest rate in which money and uncertainty play a fundamental part. This paper attempts …
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Posted for review 20 Feb 2022
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Ibn Khaldun’s economic philosophy represents an interesting explanation of the convergence of social, political and economic realms of human lives. In his theory, he provides insights into the requirements for achieving sustainable economic development. He reiterates several theories like the …
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Posted for review 4 May 2021
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Daniel Kahneman’s book Thinking, Fast and Slow (2011) has had a worldwide impact. The book’s insights are profound and have changed the thinking of both decision scientists and general audiences about how choices are made. Kahneman, however, claims that standard …
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Posted for review 14 Oct 2020
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2 comments
Since ancient times the practices and ethics of bankers and banking in general have undergone a great deal of criticism. While lending is motivated by profit, and while households are not coerced into borrowing money, the justice of a system …
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Posted for review 20 Mar 2020
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4 comments
According to a widely shared view, the development of demand theory in the first half of the twentieth century was heavily influenced by anti-psychological attitudes of economists. I call this view “anti-psychologist thesis” and I criticize it on several grounds. …
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Posted for review 20 Mar 2020
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