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The present paper is a phenomenological study of capital inflow, economic growth and financial crisis in the Southeast Asian countries in general and Malaysia in particular. The paper seeks to explain how unregulated capital inflow in an open economy leads to unsustainable growth It comes to the broad conclusion that although capital inflow is conducive to economic growth, it may also generate the problem of macroeconomic vulnerability and unsustainability, and in such a situation, the occurrence of financial crisis may not be an uncommon possibility.

Malaysia is now one of the newly industrialising countries and hopes to attain the status of a fully industrialised nation by the year 2020. She has embarked upon the capitalist path of development and has achieved spectacular economic success not only in terms of quantitative growth rate but also in terms of quality of human life.

The methodological boundary of the GPE is demarcated by truth and non‐violence. It needs to be emphasised that the GPE is dependent on a type of methodological individualism where individuals matter most in the operation of the whole system. Individuals are the true entities and their holistic development is the basic purpose of the GPE, and this goes a long way to achieve the desideratum of a self‐reliant society. These are the basic instrument variables so to say. To ignore the development of individuals in the system of the GPE is like playing Hamlet without the prince of Denmark. For the proper working of the Gandhian system, many instruments, and institutional and organisational changes are indeed necessary and in some cases, what Schumpeter calls creative destruction, becomes inevitable. Gandhi's methodology was a combination of both realism and idealism. Very often he used the method of eclecticism through a fusion of empirical pragmatism with metaphysical idealism. This is evident in many of his writings including the theory of state, and political and social philosophy.

The genesis and growth of Chinese capitalism in Malaysia had to be analysed with reference to religiosity and its practices among the Chinese community outside China. Chinese religion particularly Confucius and Buddhist, discourage material acquisition.

Here an attempt has been made to study the MHD flow of a dusty, electrically conducting, visco‐elastic Rivlin‐Ericksen fluid starting from the rest with time‐dependent types applied at the free surface. The analytical expression for velocity profiles of the fluid and dust particles have been found by using the Laplace transform technique. Finally the effects of magnetic field time, elastic parameter and mass concentration of dust particles are discussed with the help of graphs and tables.

Although political economy of the Islamic system is as old as the Quran, the renewed interest in the study of Islamic Political Economy (IPE) among the muslim and non‐muslim scholars is of comparatively recent origin. As an emerging discipline and operational system, IPE needs to demarcate clearly its methodological boundary. What is the ontology of IPE? What is its scope and subject matter? These are some of the questions which are briefly addressed in this paper.

Like the quixotic character that never knew that he was speaking all through his life in pure and simple prose, Gandhi never realized that what he was preaching and practicing throughout his life was in fact the basic principles and theories that could be subsumed under the contemporary discipline of political economy (PE). Gandhian political economy (GPE) is replete with many of the characteristics of classical and Marxian political economy and these are mentioned at relevant places throughout this work. It also assimilates some of the major features of contemporary heterodox political economy, in particular, the class analysis of Neo‐Marxism; gender, ethnicity and class analysis of Feminist political economy; the analysis of justice, ethics and institutional trust of social political economy; the analysis of the significance of institutions and institutional change of the institutional‐evolutionary political economy; and the importance of the interdisciplinary focus on contemporary issues like development and international political economy.

Political economy belongs to that borderland of economics which opens on political science. It provides economic interpretations of political phenomena, and political interpretations of economic phenomena. Political economy studies social phenomena through their relational perspectives. Since all social phenomena and epiphenomena are manifestations of political and economic entities and their interactions, political economy can be conceived of as the study of interactive, discursive and integrative processes.

The magnitude of rural poverty is larger as compared to urban poverty in India. The basic explanation for sectoral poverty differentiates in India is the misallocation of resources and urban‐biased strategy of development. Investment allocation in Indian planning is not strictly based on the consideration of equity and economic efficiency. The rural sector gets the smaller share of investible resources, and therefore rural income, output and employment fall short of the optimum level, and rural poverty intensifies.

The aim of the present paper is to deal with a conceptual category. The basic purpose of this paper is to lay bare the meaning and implications of Gandhian dialectics.

The analysis of the paper is somewhat abstract and depends on the metaphysical approach that deals with philosophical issues.

Gandhian dialectics can be interpreted in at least six different senses, and in many ways, is found to be well comparable with many aspects of dialectics that are used in the contemporary Marxist political economy.

Never before the concept of Gandhian dialectics has been elaborated by any researcher. Gandhian political economy applies implicitly the dialectical method in the analysis of social interactions and change.