Greenhouse care economics: a solution to the capitalist's dilemma

Zaman, Monowaruz

doi:10.1504/ijge.2012.050343

Cited by 2 publications

(1 citation statement)

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“…Following the existing trend of growth, the economies are going to crash by burning all the fossil fuel reserves and heating up the planet. We are now in such a dilemma, may be called as Capitalist's Dilemma (CD) (Zaman, 2012b(Zaman, & 2016 that none of the paths, growth or no-growth we can choose from. Even the Core Capitalists are not free from CD and they are very aware of the dwindling resources.…”

Section: Globalization To Global Warmingmentioning

confidence: 99%

Economics of Information Biasing: A Unified Economic Theory that Leads to New Sustainability Concepts

Zaman¹

2018

SSRN Journal

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The author believes that his concept "Biased Equilibrium" based on information sharing strategies of individual economic agents brings two scientific paradigms of economics, neoclassical economics and institutional economics together from the origin of general equilibrium to provide holistic view of real world economic and social structures. In this article he goes deep into the concept of dynamics of rational behaviors with respect to diverse self-interests of individual economic agents. Our social or economic institutions can be subjectively modeled as an information biasing chain where individuals are positioned in different abstract coalitions according to interdependence of their payoff functions. The upper layer coalitions virtually control the institutions and they have greater influences on our economy that provokes growth by exhausting energy and other natural resources and causes climate change. His model also provides guidelines for transiting from a growth based economy to a sustainable economy, while solving macro and micro-economic challenges in real time.

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Section: Globalization To Global Warmingmentioning

confidence: 99%