Open Peer Discussion Forum for Economic Thought
This site presents papers that scholars have submitted for publication in Economic Thought. You are cordially invited to comment on these papers.
Comments can range from short remarks to full reviews. We encourage you to be frank, but polite. As a rule, commentators should give their name. If they fear hurting their relationship with authors, they can use an alias, which has to be clearly recognizable as such.
Editors will vet comments before publication to make sure appropriate and comprehensible language is used and that they are directly on the paper at hand. Since the OPD plays a crucial role in the peer review process, commentators are requested to make substantive comments relating to the content of the articles that they are engaging with. Comments that either fail to engage with the material, or express an opinion (positive or negative) about the article without making a substantive contribution will not be accepted. Standards of fairness will be particularly high if an alias is used
Authors who have submitted a paper for open peer review are strongly encouraged to take part in this collaborative effort by responding to comments and by reading and commenting on papers of other authors. Where a paper is selected for publication in the journal and there is a comment on the OPD which takes the form of an extended commentary and is of sufficient quality, the editors may, at their discretion, decide to publish this commentary alongside the paper.
We thank all contributors very much for their time and input.
Papers under review
Vojtech Konarik, Martin Machacek
Abstract: The Homo economicus model has limitations in capturing prosocial and pro-environmental motivations and behavior. Besides the traditional “value-free” conception of rationality, alternative conceptions have emerged in economics, including the bounded rationality approaches of D. Kahneman or H. Simon, or …
Read the abstract and download the paper »
Posted for review 31 Mar 2025
Ade Nur Rohim, Fitri Yetty
The Islamic economic system is a system arrangement that aims to realize the achievement of the main maqashid sharia, namely maslahat. Efforts to realize benefits for the community are carried out by fulfilling basic needs and various programs to improve …
Read the abstract and download the paper »
Posted for review 31 Mar 2025
Alfredo R. M. Rosete and Hendrik Van den Berg
Economists often analyse the many different economic effects of immigration as separate and discrete phenomena. Such studies cannot provide an accurate account of the full effects of immigration, however. Immigrants are complex social beings who work, consume, save, invest, innovate, …
Read the abstract and download the paper »
Posted for review 31 Mar 2025
Milan Zafirovski
The article reanalyzes the treatment of the marginal utility theory and certain discontents with or criticisms of it. After introducing and defining the problem, it reconsiders the tendency of its creators and devotees since the 1870s through later days to …
Read the abstract and download the paper »
Posted for review 31 Mar 2025
Eugene Okoi Ifere, Abubakar Mamuda, Mimi-Patricia Eugene Ifere
Economic ideas and models of early African thinkers to emancipate Africa from economic and political malaise have been intellectually relegated and marginalised. The west had theoretically marginalised and devalued African thinkers and thinking by default. African thinkers and nations were …
Read the abstract and download the paper »
Posted for review 31 Mar 2025
Yuan Jiang, Lin jing
The “Belt and Road initiative” (BRI) has achieved remarkable results since its implementation. But it has also created pollution and government debts for countries along the route. As a result, some voices have argued that the BRI is a “neo-colonialism” …
Read the abstract and download the paper »
Posted for review 31 Mar 2025
Mohamed Ali Hamdi
This paper explores the evolution of Keynes’s monetary and financial theory from “A Treatise on Money” to “The General Theory of Employment, Interest, and Money.” It highlights the autonomy of the monetary interest rate from savings and its implications for …
Read the abstract and download the paper »
Posted for review 31 Mar 2025
Alexander Collingwood
In the economic realm, production is the primordial phenomenon – that which is revealed as the foundation. Indeed, so profound is the role of production in economics, that if economics as a field is to have real meaning, it must …
Read the abstract and download the paper »
Posted for review 20 Mar 2025
Frans Lavdari, Xhulio Lavdari
The Anthropocene further sees a critique of the paradigm of infinite economic growth, whereby pressing environmental degradation and obvious social inequalities have kept on exposing the limits of conventional economics time and again. It traces a genealogy of growth-centric economics, …
Read the abstract and download the paper »
Posted for review 20 Mar 2025
Yongshik Choe, Seong-yop You
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 …
Read the abstract and download the paper »
Posted for review 7 Nov 2023
Yongshik Choe; Seong-yop You
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 …
Read the abstract and download the paper »
Posted for review 7 Nov 2023