The new traditional economy: A new perspective for comparative economics?

Abstract

This paper argues that a new economic system is emerging in the world economy, that of the new traditional economy. Such an economic system simultaneously seeks to have economic decision making embedded within a traditional socio‐cultural framework, most frequently one associated with a traditional religion, while at the same time seeking to use modern technology and to be integrated into the modern world economy to some degree. The efforts to achieve such a system are reviewed in various parts of the world, with greater analysis of the Islamic and neo‐Confucian economic systems.

Citation

Rosser, M.V., Barkley Rosser, J. and Kramer, K.L. (1999), "The new traditional economy: A new perspective for comparative economics?", International Journal of Social Economics, Vol. 26 No. 6, pp. 763-778. https://doi.org/10.1108/03068299910227318