Towards a New Paradigm for Economics
International Institute of Islamic Economics
June 28, 2005
Journal of Islamic Economics, Vol. 18, No. 2, pp. 49-59, 2005
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.
Number of Pages in PDF File: 7
Keywords: poverty, lexicographic utility income distribution
JEL Classification: A13Accepted Paper Series
Date posted: December 22, 2008
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