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Article
Publication date: 1 March 1985

Tomas Riha

Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and…

2076

Abstract

Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and, conversely, innovative thought structures and attitudes have almost always forced economic institutions and modes of behaviour to adjust. We learn from the history of economic doctrines how a particular theory emerged and whether, and in which environment, it could take root. We can see how a school evolves out of a common methodological perception and similar techniques of analysis, and how it has to establish itself. The interaction between unresolved problems on the one hand, and the search for better solutions or explanations on the other, leads to a change in paradigma and to the formation of new lines of reasoning. As long as the real world is subject to progress and change scientific search for explanation must out of necessity continue.

Details

International Journal of Social Economics, vol. 12 no. 3/4/5
Type: Research Article
ISSN: 0306-8293

Book part
Publication date: 18 April 2022

Kristijan Krkač

The topic of the paper is a description of basic elements of the philosophy of un/natural disasters generally, and specifically basic elements of multiple simultaneous un…

Abstract

The topic of the paper is a description of basic elements of the philosophy of un/natural disasters generally, and specifically basic elements of multiple simultaneous un/natural disasters which is motivated by a series of disasters that hit Croatia all over 2020. The topic is presented in the following way: in the first part, case of Croatia 2020 is described in short; in the second part, elements of the philosophy of un/natural disasters are described; and based on the first and second part in the third part, the possibility of the philosophy of multiple simultaneous un/natural disasters which seem to be applicable to the case of Croatia 2020 is described. Elements of philosophy that are described are ontology, epistemology, a theory of action, and ethics. The purpose of the paper is to research the possibility of clarification of basic philosophical concepts in the context of disasters, namely existence-in, appearance/reality-in, knowledge-of, certainty-in, human action-in, habits-in, and morality and ethics of disasters. Research limitations relate mostly to conceptual-morphological research that hugely relies on facts of the case and on statistical and scientific data on disasters.

Article
Publication date: 14 August 2007

John J. Kineman and K. Anil Kumar

To propose a conceptual paradigm for unifying concepts of material, living and spiritual nature, based on the natural philosophy of Gregory Bateson and the more formal…

Abstract

Purpose

To propose a conceptual paradigm for unifying concepts of material, living and spiritual nature, based on the natural philosophy of Gregory Bateson and the more formal relational theories of Robert Rosen.

Design/methodology/approach

The paper combines Bateson's natural philosophy with the relational meta‐theory of Robert Rosen to develop the world view we believe Bateson argued for. It shows that the assumptions of this view correspond with Vedic philosophy. An integral view of nature that can underlie mechanistic and relational science is provided.

Findings

Bateson's natural philosophy can be interpreted in terms of Rosen's relational concepts to provide a unifying view of nature based on information entailments. This is described in terms of an irreducible complementarity between abstract and material aspects of nature (corresponding to Bateson's “mind and nature”) that forms a causally effective, or “necessary” unity. Encoding and decoding relations correspond with Bateson's ideas of patterns and information. The general application of this view suggests a reality not unlike the “immortal luminous being” described in the Vedas and Upanishads of India.

Originality/value

The paper shows why the dualistic/mechanistic view of nature is inadequate for understanding living systems and natural complexity. It describes a more general foundation from which living and generative aspects of nature can be studied. This corresponds with the Vedic concept of intrinsic value (divinity) in nature, and lends support to deep ecology ethics. As Bateson argued, the relational view can be an ethical instrument, leading away from conflict as to understand better the roots of interconnectedness.

Details

Kybernetes, vol. 36 no. 7/8
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 1 July 1986

Anghel N. Rugina

The first Principia Mathematica (1686) by Sir Isaac Newton with reference to natural philosophy and his system of the world has largely contributed to the first revolution

Abstract

The first Principia Mathematica (1686) by Sir Isaac Newton with reference to natural philosophy and his system of the world has largely contributed to the first revolution in scientific thinking in modern times. It has created the conceptual basis of modern science in the classical tradition by providing the tools of analysis and the technique of reasoning in terms of stability—from—within or, as we would say today, the model of stable equilibrium conditions.

Details

International Journal of Social Economics, vol. 13 no. 7/8
Type: Research Article
ISSN: 0306-8293

Open Access
Article
Publication date: 12 October 2021

Xu Zhang and Tianjiao Wang

Francois Quesnay, known as the “Confucius of Europe”, was profoundly influenced by traditional Chinese culture to form his thoughts, which contained strong Chinese…

Abstract

Purpose

Francois Quesnay, known as the “Confucius of Europe”, was profoundly influenced by traditional Chinese culture to form his thoughts, which contained strong Chinese characteristics. This paper aims to examine economic thought of Francois Quesnay from the perspective of the construction of socialist political economics with Chinese characteristics.

Design/methodology/approach

Moreover, his thoughts also profoundly influenced subsequent economists, such as Adam Smith and Karl Marx. It can be said that Francois Quesnay was at the intersection of Chinese, Western and Marxist thought systems, so it is quite important to examine his thoughts critically and conduct source-tracing in China.

Findings

Hence, in the process of constructing and developing socialist political economy with Chinese characteristics, there is an urgent need to focus on exploring the value of excellent traditional Chinese culture at the theoretical level and combining the development and dissemination of the history of thoughts and the historical position of Chinese reality to realize the innovation and development of socialist political economy with Chinese characteristics.

Originality/value

Meanwhile, while absorbing nutrition from excellent traditional Chinese culture, it is necessary to establish scientific coordinates rather than use the discourse systems and paradigms of Western economics to interpret ancient Chinese economic thoughts. It is necessary to adhere to, inherit and develop Marxist political economy and absorb nutrition from Chinese excellent traditional culture to construct socialist political economy with Chinese characteristics.

Details

China Political Economy, vol. 4 no. 2
Type: Research Article
ISSN: 2516-1652

Keywords

Book part
Publication date: 20 May 2005

Andy Denis

Adam Smith is revered as the father of modern economics. Analysis of his writings, however, reveals a profoundly medieval outlook. Smith is preoccupied with the need to…

Abstract

Adam Smith is revered as the father of modern economics. Analysis of his writings, however, reveals a profoundly medieval outlook. Smith is preoccupied with the need to preserve order in society. His scientific methodology emphasises reconciliation with the world we live in rather than investigation of it. He invokes a version of natural law in which the universe is a harmonious machine administered by a providential deity. Nobody is uncared for and, in real happiness, we are all substantially equal. No action is without its appropriate reward – in this life or the next. The social desirability of individual self-seeking activity is ensured by the “invisible hand,” that is, the hand of a god who has moulded us so to behave, that the quantity of happiness in the world is always maximised.

Details

A Research Annual
Type: Book
ISBN: 978-1-84950-316-7

Book part
Publication date: 20 May 2005

Marianne Johnson

Thomas Reid (1710–1796) was the originator of the Scottish philosophy of common sense, an approach that claims reality is objective and knowable, made up of material…

Abstract

Thomas Reid (1710–1796) was the originator of the Scottish philosophy of common sense, an approach that claims reality is objective and knowable, made up of material objects, and understandable by ordinary men. Common sense philosophy developed in opposition to the pervasive skepticism of the period, best exemplified by David Hume. A professor of philosophy at King’s College, Aberdeen, Reid was chosen to be the successor to Adam Smith as the chair of Moral Philosophy at the University of Glasgow. From that position, Reid played an important role in the Scottish Enlightenment as professor, scholar, and correspondent. While Reid was not an economist, he did write on important theoretical and philosophical issues in moral philosophy, the natural sciences and mathematics. Reid may prove additionally interesting to economists for his insightful critique of Smith’s Theory of Moral Sentiments.

Details

A Research Annual
Type: Book
ISBN: 978-1-84950-316-7

Article
Publication date: 13 February 2017

Leon Monroe Miller

The purpose of this paper is to contribute to research on the impact that the creation of value theory has on professional, organizational, and economic performance…

Abstract

Purpose

The purpose of this paper is to contribute to research on the impact that the creation of value theory has on professional, organizational, and economic performance. However, a special emphasis is on explicating the theoretical foundation of the concept.

Design/methodology/approach

This paper is based on a hermeneutic study of the relationship between value creation and managing economic resources. The paper traces the value creation concept to its roots from the foundation of Western Civilization through the value theory of Adam Smith and up to recent technological age advancements in value theory.

Findings

Since its emergence the value concept has been explicated in an abundance of literature. However, there has been very little in regards to explanations detailing the theoretical underpinnings of the concept. According to John Stuart Mill, attempts to apply value theory will fail (due to misinformation or inaccurate information) without inclusiveness of the full scope of what is relevant for social science and social economic research.

Research limitations/implications

Although studies on organizational behavior encompass the economic aspects of research economic research tends to be narrower in scope making it difficult to verify some value claims in economic terms. This is especially true in terms of making claims in regards to the connection between economic value theory, social value theory, the Philosophy of Economics, and the Philosophy of Science.

Practical implications

The study introduces a theoretical framework for integrating the value added and value creation concepts as a strategy for increasing shareholder benefits, stakeholder capital, and social capital.

Social implications

The paper explains how the value creation concept contributes to an increase in wealth, prosperity, flourishing by drawing from a technological age approach to value creation.

Originality/value

The paper fills the void in the literature regarding the theoretical framework of the concept thus undergirds claims about its practical benefits by clarifying its theoretical framework.

Details

International Journal of Social Economics, vol. 44 no. 2
Type: Research Article
ISSN: 0306-8293

Keywords

Book part
Publication date: 2 December 1997

A.J. Meadows

Abstract

Details

Communicating Research
Type: Book
ISBN: 978-1-84950-799-8

Article
Publication date: 25 September 2007

Stuart Hannabuss

78

Abstract

Details

Reference Reviews, vol. 21 no. 7
Type: Research Article
ISSN: 0950-4125

Keywords

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