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Economic Relationship among Self, Society and Nation

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  • Sung Jang Chung

Abstract

A scientific, economic relationship among self, society and nation is still not clearly known in philosophy, sociology and economics because of lack of concrete historical human data that would enable to substantiate it. Humanity experienced many conflicting economic and political systems. Consequently, philosophers, sociologists and economists have been investigating to study the economic relationship among self, society and nation that may lead to a desirable economic system for individual and social prosperity. The author presented a desirable ideology of “communal freedom democracy” based on his theory of the science of self, society and nation that is derived from the perspective of his theory of the science of self, mind and body. In this study, the ideology of “communal freedom democracy” is compared with other theories related socio-economic systems: Ringmar’s “surviving capitalism”, Marx’s communism, Acemoglu and Robinson’ seconomic and political theory, teachings related to economics in Confucianism and Islam, Yunus’s “social business” of micro-credit and “creating shared value” of Porter and Kramer. There is a considerable agreement between the ideology of “communal freedom democracy” and Ringmar’s “surviving capitalism”, Acemoglu and Robinson’ seconomic and political theory, teachings related to economics in Confucianism and Islam, Yunus’s social business theory or “creating shared value” of Porter and Kramer. The “communal freedom democracy” seems to be a desirable economic and political institution that would contribute to achieve individual and social prosperity, and further harmony and peace in the society and nation.

Suggested Citation

  • Sung Jang Chung, 2013. "Economic Relationship among Self, Society and Nation," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 3(3), pages 622-644.
    • Handle: RePEc:asi:ijoass:v:3:y:2013:i:3:p:622-644:id:2444
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