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Quantum Economics

Author

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  • Veselin Vukotić

Abstract

The globalization is breaking-down the idea of national state, which was the base for the development of economic theory which is dominant today. Global economic crisis puts emphasis on limited possibilities of national governments in solving economic problems and general problems of society. Does it also mean that globalization and global economic crisis points out the need to think about new economic theory and new understanding of economics? In this paper I will argue that globalization reveals the need to change dominant economic paradigm – from traditional economic theory (mainstream) with macroeconomic stability as the goal of economic policy, to the “quantum economics“, which is based on “economic quantum” and immanent to the increase of wealth (material and non-material) of every individual in society and promoting set of values immanent to the wealth increase as the goal of economic policy. Practically the question is how we can use global market for our development! Key words: Economic quantum, An individual, Innovation, Globalization, Development.JEL: A11, A12, F01, N00, O10, O30.

Suggested Citation

  • Veselin Vukotić, 2011. "Quantum Economics," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(2), pages 267-276.
    • Handle: RePEc:voj:journl:v:58:y:2011:i:2:p:267-276:id:154
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    File URL: https://panoeconomicus.org/index.php/jorunal/article/view/154/150
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    More about this item

    Keywords

    Economic quantum; An individual; Innovation; Globalization; Development;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • F01 - International Economics - - General - - - Global Outlook
    • N00 - Economic History - - General - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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