The new traditional economy: A new perspective for comparative economics?

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International Journal of Social Economics

ISSN: 0306-8293

Online from: 1974

Subject Area: Economics

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Document Information:
Title:	The new traditional economy: A new perspective for comparative economics?
Author(s):	Marina V. Rosser, (Department of Economics, James Madison University, Harrisonburg, USA), J. Barkley Rosser, Jr, (Department of Economics, James Madison University, Harrisonburg, USA), Kirby L. Kramer, Jr, (Department of Economics, James Madison University, Harrisonburg, USA)
Citation:	Marina V. Rosser, J. Barkley Rosser, Jr, Kirby L. Kramer, Jr, (1999) "The new traditional economy: A new perspective for comparative economics?", International Journal of Social Economics, Vol. 26 Iss: 6, pp.763 - 778
Keywords:	Confucianism, Economic system, Islam
Article type:	Research paper
DOI:	10.1108/03068299910227318 (Permanent URL)
Publisher:	MCB UP Ltd
Abstract:	This paper argues that a new economic system is emerging in the world economy, that of the new traditional economy. Such an economic system simultaneously seeks to have economic decision making embedded within a traditional socio-cultural framework, most frequently one associated with a traditional religion, while at the same time seeking to use modern technology and to be integrated into the modern world economy to some degree. The efforts to achieve such a system are reviewed in various parts of the world, with greater analysis of the Islamic and neo-Confucian economic systems.