Human development and economic systems:  a unitary approach

Welcome:
Guest

Our site has recently been upgraded & the page you requested has moved, so we have redirected you to the new location. Please amend your bookmarks.

International Journal of Social Economics

ISSN: 0306-8293

Online from: 1974

Subject Area: Economics

Content: Latest Issue | Latest Issue RSS | Previous Issues

Options: To add Favourites and Table of Contents Alerts please take a Emerald profile

Document Information:
Title:	Human development and economic systems: a unitary approach
Author(s):	Li-teh Sun, (Mid-America Consultants International, Lorton, Virginia, USA), John C. O’Brien, (Applied Ethics Program, California State University, Fresno, California, USA, and), Qi Jiang, (Department of Sociology, Youngstown State University, Youngstown, Ohio, USA)
Citation:	Li-teh Sun, John C. O’Brien, Qi Jiang, (2001) "Human development and economic systems: a unitary approach", International Journal of Social Economics, Vol. 28 Iss: 5/6/7, pp.526 - 561
Keywords:	Capitalism, Economics, Ethics, Socialism, Society
Article type:	Research paper
DOI:	10.1108/03068290110360821 (Permanent URL)
Publisher:	MCB UP Ltd
Abstract:	The collapse of the Soviet Union and the success of the US economy at the end of the second millennium do not necessarily mean the end of socialism. In fact both capitalism and socialism are beneficial for a unitary human development, which consists of both material and spiritual development. Capitalism, with its emphasis on self-interest and individual freedom, has been crucial to material development. But socialism, with its preference for other-interest and collective necessity, is conducive to spiritual development. Thus, what is needed for further development of the human race is a unitary economics that synergizes capitalism and scoialism.