Munich Personal RePEc Archive

Towards a new paradigm for economics

Zaman, Asad (2005): Towards a new paradigm for economics. Published in: Journal of King Abdul Aziz University: Islamic Economics , Vol. 18, No. 2 (2005): pp. 49-59.

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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.

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