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Dehumanization of modern civilization and a new, Schumpeterian explanation of poverty

Anghel N. Rugina (Professor Emeritus of Economics and Finance, Northeastern University, Boston, MA, USA)

International Journal of Social Economics

ISSN: 0306-8293

Article publication date: 1 June 1998

581

Abstract

The economic science is again in a crisis and a new solution prolegomena to any future study in economics, finance and other social sciences has just been published by the International Institute of Social Economics in care of the MCB University Press in England. The roots of the major financial and economic problems of our time lie in an open conflict between theory and practice. In the 1930s and before the conflict was between classical theory and given realities. In the 1990s the conflict appears between the now prevailing modern, Keynesian theory and the actual realities. In addition during the twentieth century a great argument developed between the two schools of thought, argument which is not yet settled. In one sentence, the prolegomena tried and was successful to solve the conflict between theory and practice and the big doctrinal dispute of the twentieth century. It was a struggle of research and observation over half a century between 1947 and 1997.

Keywords

Citation

Rugina, A.N. (1998), "Dehumanization of modern civilization and a new, Schumpeterian explanation of poverty", International Journal of Social Economics, Vol. 25 No. 5, pp. 661-692. https://doi.org/10.1108/EUM0000000004518

Publisher

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MCB UP Ltd

Copyright © 1998, MCB UP Limited

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