This article critically and pragmatically analyze and expose the concept and basic principles of caring economics as a new paradigm of economics as opposed to neo-liberal economics and its implications to economic education in Indonesia. The analysis and exposition based on unobtrusive research techniques, i.e. comparative content analysis and historical notes among references used here and in the context of Pancasila and UUD 1945. The implications of the study in this article are formulated into three key recommendations: (a) the need to review and operational translation of Articles 33 and 34 of the UUD 1945 (Amendment IV, 2002); (b) the need to review the curriculum, learning approaches and tools, and practices of learning economics in schools in order that caring economic becoming educational character of the national economy; and (c) the need to campaign of introduction to paradigm and practice of caring economics in the universities, both as an academic study or studies the development of teaching-learning models based on caring economics, through collaboration of higher education, school, community and local government.

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Indigenous people with local culture in their daily activities involve social and economic life. This study aims to identify local values in Baharit culture among traditional communities as a source of learning economic subjects in sustainable development. This study uses a qualitative descriptive method with a case study approach. The research was conducted on the diamond mining community in Cempaka District, Banjarbaru City, South Kalimantan, Indonesia. Data was obtained using interviews and observations. Data analysis using the Miles and Huberman model includes data reduction, data presentation, and concluding. The results showed that local values in the Baharit culture include maximising the use of resources for production activities, maintaining good relations between group members, maintaining good relations with non-group parties, and minimising risks in production. In addition, all values in Baharit culture can be used as learning resources for the scarcity of economic subjects, decision making, allocation, and entrepreneurship.

The tragedy of commons exists where natural common resources are overused. Every user is encouraged to maximize their utilization by taking as much as they can, left environment’s ability to regenerates behind. As a result, there will be a decreasing result. The condition exists in Muncar in Banyuwangi, Indonesia. This coastal area has to accommodate an increasing number of fishing fleets with more advanced technology, which creates a diminishing volume in fishing catches. This research explores the tragedy of commons in Muncar, Indonesia. We use the qualitative approach with the phenomenological interpretative paradigm. We interviewed stakeholders as well as fishermen in Muncar. The result of this study (1). The increasing number of fishing fleets are accompanied with more advanced technology. This allows fishermen to catch fish in higher volume. Also, there is a negligence in environment-friendly concern because of economic reason. (2). The tragedy of commons is caused by unclear regulation about fish regulation along the Muncar Coastal Area. The development of infrastructure in Muncar is not well equipped with adequate utilities such as disposal waste facilities. Also, the development of industrial zones in Muncar is not well planned.

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