• What Is Political Economy?

    Aristotle believes that government, Society and Economy are one entity of the nation. Politic and economy cannot be separated.

  • Social Democracy

    The reform does not have to be coercive revolution and allow the democracy assimilate with Marxism and lead the form of Social Democratic parties...

  • What Is Marxism?

    Capitalist is a class that is according to Marx exploiting the proletariat which is the workers and continues until today.

  • Should We Support GST?

    Some said GST should be implemented to cater the welfare needs and to support the aspiration to become a first world country.

  • What Is Keynesian Economics?

    t emphasizes on the role of government in helping people make a rational choice. The Keynes believes that people is not always rational in certain condition.

Showing posts with label Instituinals Economics. Show all posts
Showing posts with label Instituinals Economics. Show all posts

How affirmative policy can be lifted

14 June 2014 0 comments

Government Institution’s important role in society is,  to reduce uncertainty by embedding a stable human interaction in the country. The Institutions might not necessarily efficient,  but it must be stable. However, by saying it must be stable; it doesn’t mean that the government institutions...

What Is Institutional Economics?

10 June 2014 0 comments

Definition Institutions are the LAW, CUSTOMS, and TRADITIONS of a society. Institutional Economics is  a discipline that focuses on the role of institutions and evolutionary process that will influence economic behavior. If the standard economics assume the existence of market and...