Economics for Democracy in the 21st Century

Economics for Democracy in the 21st Century

A Critical Review of Definition and Scope

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This book critically reviews a century-old controversy on the definition and scope of economics. Nevertheless, the book's main title is ECONOMICS FOR DEMOCRACY IN THE 21ST CENTURY, while this thematic idea has been chosen as its sub-title. Thee decision is strategic. In finalizing the manuscript, the author realizes that the fundamental weakness of modern economics lies in its methodology. The basic market model used to study the economy of an independent state is not in harmony with its political system. This model conceives the economic man as a natural person who is interested only in maxim...