Some Reflections on Mainstream Economics and the Paradigm for Economic Development: An Examination of Cobb's Critique of Economics

Modern Philosophy 4:43-49 (2008)

Ecological crisis to the current model of economic development has brought great challenges, but also makes economic development model to reflect the underlying economic theory become necessary. American process theologian Cobb's basic premise of economic theory and assumptions were critical, pointing out its flaws and there is a mistake, and the economics of development proposed is quite insightful. Ecological crisis poses a great challenge to the paradigm for the development of modem economics and in turn necessitates a reflection on the economic theory underlying the paradigm. John B. Cobb, Jr, the celebrated American theologian, has come up with a critique of the premises and the presuppositions of economic theory, pointing out its errors and shortcomings while offering his distinctive insight into the development of economics
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