Towards a new paradigm for economics

Asad Zaman

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Alternative paradigm; heterodox economics; poverty; lexicographic utility; needs and wants; basic needs approach (search for similar items in EconPapers)
JEL-codes: A13 B50 (search for similar items in EconPapers)
Date: 2005
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Journal of King Abdul Aziz University: Islamic Economics 2.18(2005): pp. 49-59

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:9816

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