Oeconomicus 
UMKC Student-Refereed Journal 
Volume VII, 2004-2005 
ISSN: 1546-2803 
 
http://www.umkc.edu/econ/Oeconomicus/VolumeVII/ 
 
Table of Contents 
 
Editorials 
 
Editor's Note  
By Fadhel Kaboub (UMKC) 
 
Farewell to Dr. Bill Williams 
By UMKC Students 
 
Articles  
 
Islamic Financing: Impacts on Development and Equality 
By Andrew Barenberg (UMKC) 
=A0 
The Dominant Economic Discourse of Today's Iran in Retrospect 
By Mohammad Maljoo (University of Tehran) 
=A0 
The Influence of Firm Strategy on Business Cycles in Veblen's  
Economic Theory 
By Maximilien Nayaradou (Universit=E9 Paris IX, Dauphine) 
=A0 
Neither Atomized nor Bi-lateralized: Market Actors Never Exchange  
outside a Social-Structural Context 
A Critical Analysis of the Economics of Transaction Costs 
By S=E9bastien Plociniczak (Universit=E9 Paris XIII) 
 
Mathematical Formalism in Economics: Verdict of the Reality 
By Ganna Pogrebna (UMKC) 
 
Review Essay    =09 
 
Reflections on the Empire of Capital 
By Kevin Young (Carleton University) 
 
Book Reviews    =09 
 
The State, the Market and the Euro: Chartalism versus Metallism in the = 
Theory of Money (edited by Bell and Nell, 2003) 
Reviewed by Zied Ben Hmida (University of Economics and Management of = 
Tunis) 
=A0 
Understanding Modern Money: The Key to Full Employment and Price = 
Stability (L. Randall Wray, 1998)  
Reviewed by Shawn J. Gebhardt (UMKC) 
 
Commitment to Full Employment: The Economics and Social Policy of = 
William S. Vickrey (edited by Warner, Forstater and Rosen, 2000) 
Reviewed by Linda Hauner (UMKC) 
=A0 
The Open Economy and its Financial Constraints (Penelope Hawkins, 2003) 
Reviewed by Tae-Hee Jo (UMKC) 
 
The Crisis in Economics: The Post-Autistic Economics Movement 
The first 600 days (edited by Edward Fullbrook, 2003) 
Reviewed by Fadhel Kaboub (UMKC) 
 
Reinventing Functional Finance: Transformational Growth and Full = 
Employment (edited by Nell and Forstater, 2003) 
Reviewed by Yan Liang (UMKC) 
 
Growth, Distribution and Effective Demand: Alternatives to Economic = 
Orthodoxy Essays in Honor of Edward J. Nell (edited by Argyrous, = 
Forstater and Mongiovi, 2004)  
Reviewed by Gilberto Libanio (University of Notre Dame) 
=A0 
Trade, Balance of Payments and Exchange Rate Policy in Developing = 
Countries (A.P. Thirlwall, 2003) 
Reviewed by Corinne Pastoret (UMKC) 
=A0 
The Countries of the Former Soviet Union at the Turn of the Twenty-first = 
Century: The Baltic and European States in Transition (Ian Jeffries, = 
2004) 
Reviewed by Ganna Pogrebna (UMKC) 
=A0 
Toxic Exports: The Transfer of Hazardous Wastes from Rich to Poor = 
Countries (Jennifer Clapp, 2001)  
Reviewed by Zdravka Todorova (UMKC) 
=A0 
Designing US Economic Policy: An Analytical Biography of Leon H. = 
Keyserling (W. Robert Brazelton, 2001)  
Reviewed by Jonathan Watkins (UMKC) 
=A0 
Books Received 
 
Write a book review for Oeconomicus and receive a complementary  
copy of the book courtesy of the publisher      =09 
 
Announcements  
 
Oeconomicus Call for Papers =09 
=A0 
____________ 
 
 
Past issues of Oeconomicus are also available online: = 
http://cas.umkc.edu/econ/Oeconomicus/ 
 
Sincerely, 
 
Fadhel Kaboub  
Oeconomicus, Editor  
University of Missouri - Kansas City  
E-mail: [log in to unmask]