I really doubt whether Western economists have performed much in the way of empirical studies of possible economic systems without interest probably because they are not well-developed internationally.

Whilst it could be that the West would see such alternative theories as a threat, it is equally possible that they are ignored as utterly non-viable.

To put it another way, a modern mixed economy could tax with an income tax, a capital gains tax or a consumption tax (Goods and Services Tax in Australia) or some combination of these (as we do in Australia). But the framework is basically the same with minor variations.

Would I make sense by asking how many different ‘economic frameworks’ could there be? Barter, laissez-faire, banditry, centralised government?

In what way would you define them? Is it likely that some ivory tower academic will come up with a new ‘economic framework’ that nobody has thought of yet?

The present systems seem to have failed completely.

Regards, Patrick.

I am looking for a theory called Economic Burden Theory in Health Care. I am working on my dissertation on economic impact of small business ower respective to the implementation of one states manadtory health care plan. Do you have any suggestions?

Thank you

Amy

And while I gather the list is not in order of “importance,” I would conjecture that Minsky and some variant of adaptive expectations ought to be somewhere in the single digits. How many Minsky Moments does an economist need to see in a lifetime to recognize the value of a particular framework?

One friend of mine suggesting including the Jevons theory of business cycles — that they originate in sun spots — as the forerunner of later cyclical theories. Fun idea, but it didn’t make the cut.