Issue 4

Get Full Text in PDF Abstract The extraordinary extent of the financial crisis has inspired deep systemic reforms world-wide, rethinking financial stability, the resilience of our economic systems, and the role that national and international institutions play. While most of the ongoing activities are understandably centred on banks and the banking sector – the origin and centre of the crisis – other important elements have been relegated into secondary roles and fundamental democratic...

Get Full Text in PDF Abstract The publication of the Club of Rome’s landmark report ‘The Limits to Growth’ in 1972 shook the intellectual foundations of social theory and challenged the very premises on which modern economy and prosperity are based. Once set in motion, it led to a revolutionary re-evaluation of human aspirations and economic activities. Among its many consequences, it has stimulated creative minds to look freshly at the underlying processes governing the wealth and welfare of...

Get Full Text in PDF Abstract History that comes to us as a chronology of events is really a collective existence that is evolving through several stages to develop Individuality in all members of the society. The human community, nation states, linguistic groups, local castes and classes, and families are the intermediate stages in development of the Individual. The social process moves through phases of survival, growth, development and evolution. In the process it organizes the...

Editorial Society is a teeming ocean of human energies and capacities, unorganized but latent with unlimited productive potential. The organization of social energies and capacities converts social potential into Social Capital. Each member of society is a microcosm of human potential – an unorganized reservoir of energies, aspirations, and capacities. The organization of the energies and capacities of each member of society converts human potential into Human Capital. The formed Individual is...

Social development is largely a subconscious process. It expresses ir­resistible human aspira­tions and social tenden­cies but works itself out through a long process of trial and error, advance and retreat, conflict and resolution. Law is a complex phenomenon. The principles and practice of law are a composite of multiple forces – the force of past precedent, established custom and accepted tradition; the force of present political, economic and social power; and the force...

“The tremendously wasteful underutiliza­tion of precious hu­man resources and productive capacity is Greece’s most serious problem and also its greatest opportunity.” The recent agreement to write off a substantial portion of Greek bonds only postpones but does not resolve the essential problem. The key to the Greek crisis lies in economy, not finance. Any financial solution that results in further contraction of the economy will only aggravate budget deficits and debt servicing...

Great landmarks of history are few and far between. Normally they are recognized by scholars only long after the fact. Those in the thick of the fray may often be consciously inspired by the significance of their actions, but rarely does history come to share that perception. The rise of individualism in ancient Greece, its revival during the Italian Renaissance and the radical transformation of society following American, French and Industrial Revolutions retain a claim to lasting significance...

Social networking did not begin with the Internet. It is as old as human history. For what we now call social networking is really the evolution of human relationships which constitute the backbone of civilization. The emergence of the Internet is the third giant leap forward in a saga that began with the development of symbolic spoken language, the first great instrument that enabled human beings to evolve beyond their animal ancestry. Second came the invention of money as a symbol of value....

“Focusing on growth of the part without reference to its impact on the whole is a formula for social disease.”  The American subprime mortgage crisis, the international financial crisis that followed and the European financial crisis presently centered on Greece are all expressions of a deeper and wider crisis that has been preparing to surface for decades. This crisis encompasses not only government fiscal deficits, exchange rates and financial markets but spreads out in...